Prince Fahad Bin Mansour launches $100 million tech house to strengthen ties between Pakistan and Saudi Arabia
The initiative was first announced in January of 2023, and the goal is to provide ease of doing business between the two countries.
In an exciting new development, Saudi Prince Fahad Bin Mansour has launched a tech house in Pakistan worth $100 million.
The Saudi Prince announced that the project’s primary goal is to create opportunities through partnerships with Information Technology (IT) companies in Pakistan.
Prince Fahad Bin Mansour launches tech house
The initiative was first announced in January of 2023, and the goal is to provide ease of doing business between the two countries. Prince Fahad is the owner of the Saudi Arabian tech company, ILSA interactive. The company has offices in Lahore and Riyadh.
The company is also a reflection of the commitment of Saudi and Pakistani leaders to strengthen their current strategic partnerships in all areas. This investment will also unite the two countries on a single platform and forge partnerships with IT companies, enterprises, and universities in Pakistan.
Prince Fahad is looking to create over 1,000 jobs and undertake 300 projects valued at $100 million in Saudi Arabia, Pakistan, and other nations. A delegation of Saudi business leaders also took part in the Future Fest 2023, which was attended by prominent startups, entrepreneurs, and investors.
The joint venture is a part of Saudi Arabia’s 2023 strategic plan, in which the nation has in vision, will reduce its reliance on oil. Likewise, it will also position itself as a global investment powerhouse with state-of-the-art digital infrastructure.
At the inauguration ceremony of Saudi Arabis’ Tech House, Prince Fahad said that the project will add a new level of cooperation and also strengthen the decades-long alliance the two nations hold. He was also content and demonstrated his faith in the Pakistani workforce and startups to establish a strong alliance.
“I look forward to further seeing Pakistani entrepreneurs and tech companies strengthen the relationship between our two countries,” he remarked.
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