A high-level delegation from Saudi Arabia, led by Minister of Investment Khalid Al-Falih arrived in Pakistan on Wednesday for a two-day visit.

The delegation includes 130 investors and is expected to lead to significant investments in the country.

This visit comes ahead of the Shanghai Cooperation Organisation (SCO) summit scheduled later this month in Islamabad.

During their visit, agreements worth approximately $2 billion are expected to be signed between the two nations.

The delegation includes representatives from various sectors, including construction, engineering, financial services, IT, hospitality, agriculture, food, energy, and petroleum.

Al-Falih will oversee the signing of several memorandums of understanding (MOUs) and engage in business-to-business meetings.

He is scheduled to address a business forum in Islamabad, where he will meet with senior leaders from Pakistan’s private sector.

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Prime Minister Shehbaz Sharif previously indicated that these agreements would cover various sectors as Pakistan seeks to attract foreign investment to stabilize its economy, which has been challenged by high inflation and recent financial adjustments.

The country has also secured commitments for foreign loans, including a $1.2 billion Saudi Oil Facility for the next year.