Lahore: Saudi Arabia’s Prince and co-founder of tech giant ILSA Interactive Fahad bin Mansour Alsaud has announced to establishment Saudi-Pakistan Tech House in Lahore, news sources reported on January 8.
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He made this announced during his virtual address to Future Fest conference held in Lahore. The Tech House, which will have its headquarters in Riyadh with its first branch in Lahore, aims to promote greater ease of doing business between the two countries and forge partnerships with IT companies, universities, and big enterprises in Pakistan. In addition to the Tech House, Prince Fahad also announced over 300 projects with a total value of USD 100 million, creating more than 1,000 jobs in Pakistan, Saudi Arabia, and globally. The projects are part of Saudi Arabia’s Vision 2030 roadmap, which aims to boost the technology sector and develop smart cities like NEOM.
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Prince Fahad praised the talented resources in Pakistan, particularly in the fields of technical resources, user experience, and quality assurance, and announced that a delegation of Saudi startups and venture capitalists will be meeting with Pakistani companies at Future Fest to explore investment opportunities, partnerships, acquisitions, and talent recruitment. The announcement is seen as a significant milestone in the strategic relationship between Saudi Arabia and Pakistan.