LAHORE (Special Correspondent) – President Asif Ali Zardari visited the Saudi Pakistan Real Estate Expo (SPREX) at Lake City on 22 October 2026, highlighting the vital necessity of strengthening economic cooperation and promoting direct investment between Pakistan and Saudi Arabia. The President received a detailed briefing on the various investment opportunities currently being explored within the Pakistani real estate sector by participating international firms.

Key Points

• President Asif Ali Zardari attended the Saudi Pakistan Real Estate Expo in Lahore to encourage bilateral investment.
• Prominent Saudi firms including Safa Investment and Knowledge Economic City showcased projects in Makkah and Madinah.
• The event aims to bridge the business communities of Pakistan and Saudi Arabia for long-term economic partnerships.
• The visit included the display of new uniforms for Pakistan International Airlines (PIA) crew members.

Strengthening Bilateral Economic Ties

Upon his arrival, the President was formally welcomed by the Governor of Punjab Sardar Saleem Haider Khan and Dr Gohar Ejaz, CEO of Lake City and Member of the Saudi-Pakistan Business Council. The event served as a platform to foster sustainable growth through agriculture, textiles, and IT, while specifically focusing on the real estate sector as a catalyst for future development.

The Expo featured significant pavilions from major Saudi Arabian investment entities. Key attendees included Prince Mansour bin Mohammed Al Saud, Chairman of the Saudi-Pakistan Business Council, and Abdul Aziz Al-Ashrafi, Vice Chairman of the Council. These leaders are working to align their strategic objectives with regional reforms, similar to recent calls for regional trade and investment reforms.

Future of Saudi-Pakistan Real Estate Expo

The participating Saudi companies, such as Sumou Investment, Al-Majidiya, Ulo Real Estate, Al-Diyar Al-Arabiya, Bin Daood Investment, and International Gate Investment, are actively identifying new prospects in the Pakistani market. President Zardari stressed the importance of translating the historic fraternal relations between the two nations into tangible, mutually beneficial business outcomes.

He noted that Saudi Arabia has remained a consistent ally during challenging periods, further cementing the strategic partnership between the two countries. The President expressed optimism that such initiatives would encourage private-sector collaboration and create an investor-friendly climate, essential for driving the nation toward advanced technological cooperation and long-term economic stability.

Frequently Asked Questions

What was the purpose of the President’s visit to the SPREX?

President Asif Ali Zardari visited the Saudi Pakistan Real Estate Expo to underscore the importance of strengthening economic cooperation and promoting investment between Pakistan and Saudi Arabia.

Which notable Saudi companies participated in the event?

Participating companies included Safa Investment, Knowledge Economic City, Sumou Investment, Al-Majidiya, Ulo Real Estate, Al-Diyar Al-Arabiya, Bin Daood Investment, and International Gate Investment.