The $100 million Tech House in Islamabad, Pakistan, received its official opening from Saudi Prince Fahad bin Mansour. Through partnerships with Pakistani Technology companies, the project aims to create opportunities. The goal of this project is to wean Saudi Arabia off its dependency on oil and position it as a worldwide investment powerhouse with a cutting-edge digital infrastructure. It is a component of the Saudi Arabian government’s Vision 2030 strategy plan.
Prince Fahad stated earlier in 2023 that he intended to establish a tech company in Pakistan. He thought that the tech company will help to improve Saudi Arabia’s and Pakistan’s trade relations. This initiative will be run by ILSA Interactive, a company with offices in Riyadh and Lahore that was created in 2009 by Prince Fahad and Pakistani billionaire Salman Nasir. Prince Fahad said it was an honor to announce the opening of the Saudi Pakistan Tech House while speaking during the ceremony in Islamabad.
He added that the venture represented a new dimension for better cooperation and enhancing the long-standing strategic relationship between the two nations. “Our business in Pakistan will be a catalyst for this alliance to give a platform for more collaboration and progress,” he said. I want to reiterate that over the next five years, we want to launch more than 300 projects with a minimum investment of $100 million, and we hope to create more than 1,000 employees in Pakistan.
The prime minister’s special assistant for youth issues, Shaza Fatima Khawaja, applauded the Saudi crown prince’s initiative to modernize the Kingdom.
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