Karachi: Saudi Arabia is exploring the establishment of a crypto and blockchain zone in Karachi as part of broader discussions on multi-sector investment and development projects in Pakistan, according to official sources.
The proposal is part of a wider set of initiatives being discussed between Pakistani authorities and a visiting Saudi delegation, focusing on digital finance, maritime infrastructure, and commercial development opportunities.
As part of ongoing cooperation, Pakistan has signed a Memorandum of Understanding (MoU) involving the Karachi Port Trust (KPT), Saudi Business Council-Najd Gateway Holding Company, Arif Habib Dolmen REIT Management Ltd, and the Pakistan Corporate Consortium. The agreement relates to the development of a 140-acre site on MT Khan Road at Karachi Port.
Under the proposed framework, Pakistan has suggested the creation of a dedicated crypto and blockchain zone alongside other digital finance initiatives, including a digital banking park and Islamic finance centre. The plan also includes banking units designed to support financial technology development.
In addition to digital infrastructure, the discussions also cover maritime and logistics cooperation. Proposed developments include a marine technology and logistics zone, a smart port integration system, digitalised customs and shipping services, and research and development initiatives for maritime software solutions.
Authorities have also proposed complementary developments in healthcare, education, and commercial infrastructure. These include international hospitals, a medical university, a maritime and trade law school, as well as commercial facilities such as skyscrapers, a convention centre, luxury hotels, and corporate hubs.
Officials say the overall objective of the initiative is to transform the Karachi Port waterfront into a modern commercial and maritime hub aimed at attracting investment, generating employment, and strengthening urban development.
The maritime ministry has stated that all projects will proceed in accordance with Pakistan’s regulatory and legal framework, while further discussions with Saudi stakeholders will determine the scope and pace of implementation.
Saudi delegates have reportedly shown interest in broader cooperation across port infrastructure and related development projects, signalling potential expansion of investment engagement in Pakistan’s maritime and digital sectors.
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