Al Baik, GO ink strategic partnership to bring Saudi expertise to Pakistan

Islamabad: A memorandum of understanding was signed between Saudi Arabia’s Al Baik Food System Company and Gas and Oil Pakistan Ltd (Go) under the Saudi Ministry of Investment.
Reflecting Saudi Vision 2030 to enhance exports of rich national expertise and open new horizons for Saudi commercial expansion globally, this agreement would explore the possibility of establishing a strategic partnership to set up and operate Al Baik restaurants in Pakistan, marking a key step in Al Baik’s expansion strategy across the country.
The signing ceremony was held under the patronage of Saudi Minister of Investment, Engineer Khalid Al-Falih, and high-ranking delegations from both Saudi and Pakistani sides in attendance.
This event is the result of the Saudi Ministry of Investment’s persistent efforts to empower Saudi brands to expand internationally and enhance the Kingdom’s standing in the global economic arena.
Go, in which Saudi Aramco has acquired a 40 percent stake, is a leading player in Pakistan’s oil and gas sector. This partnership underscores the Kingdom’s commitment to diversifying its economy and creating new growth opportunities in foreign markets.
This initiative highlights the crucial role played by the Saudi Ministry of Investment in realizing the objectives of Vision 2030 and reinforcing the Kingdom’s position as a leading economic force both regionally and globally.

A delegation of the Kingdom of Saudi Arabia led by Investment Minister, Khalid Bin Abdul Aziz Al Falih calls on Prime Minister Muhammad Shehbaz Sharif on Oct 10, 2024.

Referring to the current visit of Saudi Investment Minister the Prime Minister said that this visit was an important milestone in the strengthening of investment ties between Pakistan and Saudi Arabia, setting the stage for greater collaboration in the sectors of mutual interest between the two countries. 

Pakistan and Saudi Arabia on Thursday signed 27 Memorandum of Understandings (MoUs) valuing US$2.2 billion in various sectors including industry, agriculture, Information Technology (IT), food, education, mine & minerals, health, petroleum, energy and other areas of mutual cooperation.