Lahore: Punjab Chief Minister Maryam Nawaz announced on Saturday that the provincial government will establish a dedicated Saudi Industrial Estate offering significant fiscal incentives to attract investment from Saudi Arabia.
She made the announcement during a meeting with a delegation of the Saudi-Pak Joint Business Council, led by Prince Mansoor bin Muhammad bin Saad Al Saud, Chairman of the Pak-Saudi Business Forum. The delegation was briefed on Punjab’s ongoing development projects and potential areas for bilateral cooperation.
Under the proposed plan, investors in the Saudi Industrial Estate will receive a 10-year income tax exemption and a one-time customs duty waiver. A special fast-track desk will also be established in the Chief Minister’s Office to facilitate Saudi investors and ensure timely processing of approvals and documentation.
Maryam Nawaz highlighted that Punjab, as the country’s economic hub, offers vast investment potential in energy, agriculture, mining, logistics, and tourism, particularly within its special economic zones. She said that the province’s skilled and technology-oriented youth provide a strong human resource base for foreign investors.
“Punjab’s policy for investment is clear — no delay, immediate delivery,” the chief minister said, expressing confidence that the new collaboration would pave the way for sustained economic growth and job creation.
The Saudi delegation expressed keen interest in sectors such as livestock, meat export, mining, IT, and infrastructure development, agreeing to explore joint ventures and partnerships in the coming months.
To ensure continued coordination, the chief minister proposed the formation of joint working groups between Pakistan and Saudi Arabia in priority sectors.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
