Jeddah: Pakistan and Saudi Arabia have signed a Memorandum of Understanding (MOU) to collaborate in the field of Information Technology (IT), aiming to work together on various IT initiatives and foster closer ties in the sector.
The MOU was signed by Pakistan’s caretaker Federal Minister for IT and Telecommunications, Umar Saif, and Saudi Arabia’s Minister of Transport and Information Technology, Abdullah Alswaha, in Riyadh. Umar Saif shared the news on Twitter, stating that “Pakistan has signed an MoU with the Ministry of Communication & IT in Saudia. This will facilitate Pakistani companies to work in KSA, provide trained IT manpower to Saudi companies, promote joint ventures with Saudi companies, and establish a startup exchange program with the top Saudi tech incubators.”
Pakistan has signed an MoU with the Ministry of Communication & IT in Saudia. This will facilitate Pakistani companies to work in KSA, provide trained IT manpower to Saudi companies, promote joint ventures with Saudi companies and establish a startup exchange program with the top… pic.twitter.com/LrWzNbSH6A
— Umar Saif (@umarsaif) October 1, 2023
He further said that “Strategically, we will work on establishing close cooperation to setup chip manufacturing industry in Pakistan and work on electric vehicles, lithium ion batteries, Agriculture technology and mining technologies.”
Umar Saif embarked on this journey with a delegation on September 30th, expressing hope that the visit would lead to increased investments in Pakistan and substantial business opportunities for Pakistani IT companies in Saudi Arabia.
During his visit, he also had a meeting with Deema Al-Yahya, the Secretary-General of the Digital Cooperation Organization.
Wonderful to visit the Digital Cooperation Organisation (DCO) in Riyadh with the Pakistan delegation and meet with Secretary General Deemah AlYahya. DCO is uniquely positioned to help Pakistani companies expand their operations in several GCC counties.
We will be working with… pic.twitter.com/W2DjYJNOLz
— Umar Saif (@umarsaif) October 1, 2023
Saif expressed his thoughts that the DCO (Digital Cooperation Organization) holds a unique position to assist Pakistani companies in expanding their operations across multiple member countries of the Gulf Cooperation Council.
He posted on Twitter on Sunday, ” We will be working with DCO for a “digital passport” for Pakistani companies which will enable them to quickly start a business in DCO member countries, starting with Saudia.”
In response, Yehia said that welcoming the Pakistani delegation is a “complete privilege.” He expressed pride in Pakistan’s role as a founding member of the council. He further stated that South Asian countries are emerging as champions in the digital economy, with DCO working uniquely to facilitate cross-border investments within the digital economy.
“Our journey together promises an exciting future, and I eagerly anticipate our mutual successes in cooperation and advocacy,” he added.
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