A Memorandum of Understanding (MoU) has been signed between Saudi Arabia’s Al Baik Food System Company and Gas and Oil Pakistan Ltd (Go), under the oversight of the Saudi Ministry of Investment. This agreement reflects Saudi Arabia’s Vision 2030, which aims to boost exports of national expertise and explore new opportunities for Saudi commercial expansion globally.
The agreement seeks to establish a strategic partnership for the setup and operation of Al Baik restaurants in Pakistan, marking a significant step in Al Baik’s expansion strategy within the country.
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The signing ceremony was attended by Saudi Minister of Investment, Engineer Khalid Al-Falih, along with high-ranking delegations from both Saudi Arabia and Pakistan. This development is the result of continuous efforts by the Saudi Ministry of Investment to empower Saudi brands to expand internationally and enhance the Kingdom’s position in the global economy.
Gas and Oil Pakistan Ltd (Go), in which Saudi Aramco holds a 40% stake, is a key player in Pakistan’s oil and gas sector. This partnership underscores Saudi Arabia’s commitment to economic diversification and creating new growth opportunities in foreign markets.
This initiative exemplifies the vital role played by the Saudi Ministry of Investment in achieving the goals of Vision 2030 and strengthening Saudi Arabia’s position as a leading economic force both regionally and globally.
