In an important step towards expanding Saudi Arabian businesses internationally, Al Baik Food Systems Company has signed a Memorandum of Understanding (MoU) with Gas and Oil Pakistan Ltd (Go). Facilitated by Saudi Arabia’s Ministry of Investment, this strategic partnership aims to explore opportunities for establishing and operating Al Baik restaurants across Pakistan, in line with Saudi Vision 2030’s goal of enhancing exports and fostering Saudi expertise on a global scale.
Strengthening Saudi-Pakistani Business Ties
The signing ceremony, attended by Saudi Minister of Investment Engineer Khalid Al-Falih, alongside high-level delegations from both countries, marked a pivotal moment for both Saudi Arabia and Pakistan. This partnership highlights Saudi Arabia’s commitment to expanding its commercial presence worldwide, particularly in the Pakistani market, as part of its broader economic diversification agenda.
Strategic Growth and Investment Opportunities
Gas and Oil Pakistan Ltd, a major player in the oil and gas sector with 40% ownership by Saudi Aramco, will play a key role in supporting the expansion of Al Baik’s operations in Pakistan. This collaboration not only reflects Saudi Arabia’s strategic focus on growing its economy through international partnerships but also opens up new avenues for growth and development within Pakistan.
Vision 2030: Driving Economic Transformation
This initiative is aligned with Saudi Arabia’s Vision 2030, which focuses on diversifying the Kingdom’s economy, reducing dependence on oil, and promoting international business expansion. The Saudi Ministry of Investment continues to work toward empowering local brands like Al Baik to venture into international markets, contributing to Saudi Arabia’s growing influence in the global economic landscape.
