A high-level Saudi business delegation arrived in Pakistan on Sunday to sign agreements and MoUs for investment in different sectors of the Pakistani economy.

Federal Ministers Musadik Malik and Jam Kamal Khan welcomed the delegation upon its arrival in Islamabad.

Heads of over thirty Saudi companies from agriculture, technology, retail, and corporate sectors are part of this delegation.

The visiting dignitaries will participate in the Pak-Saudi investment conference set to start on Monday today.

Agreements on energy, food, chemicals, meat and mining are expected with the possibility of investment of $10 billion.

The Saudi team is visiting Pakistan under the special directions of the Saudi Crown Prince Muhammad bin Salman.

The delegation includes CEOs of more than 30 companies. Moreover, the Saudi high-level delegation will consist of 40 to 50 individuals and the Saudi delegation will stay in Pakistan for two days.

There will be an exchange of trade delegations in various fields to promote trade relations between the two countries.

The delegation is related to technology, energy, aviation, construction, mining and human resources.

Apart from Pakistan International Airline (PIA) and Bhasha Dam, agreements related to information technology, energy, food, chemicals, meat and mining will be finalized.

Pakistan authorities and businessmen will discuss the issue of investment in joint ventures of agriculture, industry and trade.

The delegation will also join the tour guides of various companies in Saudi Arabia.

The Saudi delegation will discuss potential investment opportunities in Pakistan.

The Saudi delegation will return and give a briefing to Saudi Crown Prince Mohammed bin Salman regarding the visit and investment.

Prime Minister Shahbaz Sharif has formed a 16-member steering committee for the arrangements for the Saudi delegation's visit to Pakistan.

Reporter: Tayyab Saif