Saudi food Al Baik set to launch in Pakistan
News, Online Service, Online Services, TV, Uncategorized October 11, 2024 No Comments on Saudi food Al Baik set to launch in PakistanSaudi food giant Al Baik set to launch in Pakistan
Signing of Memorandum of Understanding to set up and operate Albak Restaurant in Pakistan
A Memorandum of Understanding (MoU) has been signed between the Pakistani company ‘Go’ and the Saudi company to explore the opportunities of bringing the business of Saudi Arabia’s famous Albak Food System Company to Pakistan.
Saudi Arabia’s Ministry of Investment has supported Albeek’s efforts to bring its business to Pakistan.
This important initiative reflects the objectives of the Saudi Vision 2030 to increase exports of rich national expertise and open new horizons to expand Saudi trade globally.
The signing ceremony of the Memorandum of Understanding between Saudi Arabia’s Al-Baik and Pakistan’s Go Company was held under the auspices of Saudi Minister of Investment Engineer Khalid Al-Falih, in which the Pakistani Prime Minister and high-level delegations of Saudi and Pakistani companies participated. of
According to the statement, the signing ceremony is a result of the Ministry of Investment’s continuous efforts to expand Saudi brands internationally and enhance the Kingdom’s position in the global economic arena.
According to the Saudi Ministry of Investment, the purpose of signing this memorandum is to explore the possibility of a strategic partnership to establish and operate Albeek restaurants in the Islamic Republic of Pakistan, which is an important step in Albeek’s expansion strategy to Pakistan.
Notably, Saudi Aramco has acquired a 40% stake in the Go company, which is a leading player in Pakistan’s oil and gas sector. This partnership underscores the Kingdom’s commitment to diversifying its economy and creating new growth opportunities in foreign markets.
This initiative highlights the Ministry of Investment’s key role in achieving the goals of Vision 2030 and strengthening the Kingdom’s position as a major economic force regionally and globally.
Memorandum of Understanding to establish and run Albak Restaurant in Pakistan signed
The Saudi corporation and the Pakistani company “Go” have signed a Memorandum of Understanding (MoU) to investigate the potential
Under the direction of Saudi Minister of Investment Engineer Khalid Al-Falih, high-level delegations from Saudi and Pakistani businesses as well as the prime minister of Pakistan took part in the Memorandum of Understanding signing ceremony between Al-Baik, a Saudi Arabian company, and Go Company, a Pakistani company. of
The signing ceremony, according to the statement, is the outcome of the Ministry of Investment’s ongoing efforts to strengthen Saudi Arabia’s standing in the international economy and promote Saudi brands abroad.
The Saudi Ministry of Investment states that the intention for signing this MoU
An significant milestone in Albeek’s development strategy into Pakistan, according to the Saudi Ministry of Investment, is the signing of this memorandum to investigate the feasibility of a strategic cooperation to establish and run Albeek restaurants in the Islamic Republic of Pakistan.
Notably, the Go company—a major force in Pakistan’s oil and gas industry—has seen Saudi Aramco purchase a 40% interest. The Kingdom’s dedication to diversifying its economy and generating fresh growth prospects in outside markets is demonstrated by this relationship.
This project emphasizes how important the Ministry of Investment is to realizing Vision 2030’s objectives and enhancing the Kingdom’s standing as a significant regional and international economic force.
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