Prime Minister Shehbaz Sharif is scheduled to visit Saudi Arabia on Tuesday (tomorrow) to attend the Future Investment Initiative (FII). It will be held in Riyadh from October 29 to 30.

Cabinet members will accompany him at the event, according to a curtain-raiser issued by the Foreign Office.

“The FII serves as an important platform for countries to showcase their economic strength, draw foreign investments, and engage in dialogue to shape a sustainable future.”

This year’s FII is themed ‘Infinite Horizons: Investing Today, Shaping Tomorrow’ and will focus on global investments aimed at addressing major issues such as artificial intelligence, robotics, education, energy, space, finance, healthcare, and sustainability.

PM Shehbaz is expected to hold bilateral talks with Saudi Crown Prince and Prime Minister Mohammed bin Salman and other senior Saudi officials.

“The two sides will discuss the economic and strategic partnership between Pakistan and the Kingdom of Saudi Arabia and explore bilateral cooperation in the economic, energy, and defence domains.”

The prime minister is also expected to engage with participating leaders and entrepreneurs at the conference.

Islamabad and Riyadh Saudi share long brotherly relations and cooperation in different sectors such as culture, economy, trade, and defence, among others.

Earlier this month, the two states signed 27 memorandums of understanding worth $2.2 billion in various sectors as the Saudi Minister for Investment Sheikh Khalid Bin Abdul Aziz Al Faleh arrived in Islamabad on a three-day official visit.

In April, PM Shehbaz made his first official trip to Saudi Arabia since assuming office this year. During the visit, he and Crown Prince Salman had agreed to expedite the first wave of a planned $5 billion Saudi investment package for Pakistan.