Karachi, 10 October, 2025 : ABAD, SPBC Sign MoU to Strengthen Pakistan–Saudi Economic Cooperation
Karachi, October 10, 2025:A Memorandum of Understanding (MoU) was signed between the Association of Builders and Developers of Pakistan (ABAD) and the Saudi Pakistan Business Council (SPBC) to enhance economic cooperation between Pakistan and Saudi Arabia.
The signing ceremony was held under the chairmanship of Saudi Prince Mansour bin Muhammad Al Saud. On behalf of ABAD, Senior Vice Chairman Syed Afzal Hameed signed the MoU, while Vice Chairman of the Saudi Pakistan Business Council Muhammad Abdulaziz Al-Jalaan signed on behalf of SPBC.
Under this agreement, ABAD and SPBC have established a comprehensive framework aimed at strengthening bilateral relations, promoting investment opportunities, and expanding trade and construction-related activities between the two nations.
A Memorandum of Understanding (MoU) was signed between the Association of Builders and Developers of Pakistan (ABAD) and the Saudi Pakistan Business Council (SPBC) to promote economic cooperation between Pakistan and Saudi Arabia. The signing ceremony was held under the chairmanship of Saudi Prince Mansour bin Muhammad Al Saud.
In the picture, Senior Vice Chairman of ABAD Syed Afzal Hameed and Vice Chairman of the Saudi Pakistan Business Council Muhammad Abdulaziz Al-Jalaan are seen signing the MoU, while ABAD Vice Chairman Tariq Aziz and Chairman Southern Region Ahmed Owais Thanvi are also present on the occasion.
According to the MoU, both organizations will encourage Saudi investment in Pakistan’s construction and real estate sectors and explore opportunities for joint ventures in development projects.
On this occasion, Syed Afzal Hameed said that the partnership between ABAD and the Saudi Pakistan Business Council marks a significant milestone toward greater economic integration between Pakistan and Saudi Arabia. He added that the MoU would help attract foreign investment into Pakistan’s construction and real estate sectors, generate employment opportunities, and strengthen the country’s construction industry.
