Pakistan and Saudi Arabia Strengthen Market Access for Tech Companies

Pakistan and Saudi Arabia have agreed to enhance collaboration in digital investment and technology, aiming to facilitate greater market access for Pakistani startups and small and medium enterprises (SMEs) in Saudi Arabia.

The agreement was reached during a meeting between Pakistan’s Minister of State for Information Technology, Shaza Fatima Khawaja, and Saudi Deputy Investment Minister, Ibrahim Almubarak, on the sidelines of LEAP 2025.

The discussions focused on expanding business-to-business (B2B) partnerships in key sectors, including artificial intelligence (AI), cloud computing, and financial technology. Shaza Fatima emphasized Pakistan’s commitment to fostering a favorable digital investment ecosystem to attract global businesses.

Saudi officials recognized Pakistan’s skilled workforce and technological advancements, highlighting the potential for cross-border venture capital investments to create global opportunities for Pakistani startups.

Both sides explored measures to simplify licensing and registration processes for Pakistani firms entering the Saudi market. Additionally, they discussed strengthening joint research and development (R&D) initiatives and digitizing the degree attestation process to facilitate employment opportunities for Pakistani professionals in Saudi Arabia.

Shaza Fatima underscored the importance of digital cooperation between the two nations, stating that enhanced collaboration would significantly contribute to regional economic growth and technological progress.