PM Khan to attend investment conference in KSA next week
Prime Minister Imran Khan will visit Saudi Arabia to attend the Future Investment Initiative Conference (FIIC).
PM Imran is invited by King Salman bin Abdul Aziz, according to a foreign office (FO) statement issued on Friday.
The premier is expected to travel to Riyadh on October 23 to participate on the first of the two-day conference.
The conference will be hosted by:
- Leading businesspersons
- Corporate giants
- Representatives of hi-tech industry
- Major media outlets
This conference will serve as an opportunity to interact with important business leaders who are interested in investing in Pakistan.
The first day of the conference:
Prime Minister Imran Khan’s participation is aimed at projecting Pakistan’s economic and investment potential and the Premier’s vision of the country in the five years to come.
This will be PM Khan’s second visit to Saudi Arabia since he assumed office. The tour comes as Pakistan continues to court friendly nations in search of billions of dollars.
Prime Minister will also call on King Salman and meet Crown Prince Mohammad Bin Salman. Matters of mutual interest will be discussed.
The visit also comes as Pakistan’s Central Bank warned this week that inflation would likely double in the coming year.
The FIIC, which come amid the chaos following Saudi Journalist Jamal Khashoggi’s disappearance, has been boycotted by the United Kingdom, United States, and France.
Pakistan briefly weighed in on the incident earlier this month, calling on Turkey and Saudi Arabia “to jointly address the matter.”
FII as an annual feature in Saudi Arabia:
Future Investment Initiative (FII) is now an annual feature in Saudi Arabia. The first FII was held last year, with the participation of 3800 people from 90 countries.
This year’s conference is also likely to attract participation from a large number of leading features.