A significant Memorandum of Understanding (MoU) has been signed between Saudi Arabia’s Al Baik Food System Company and Gas and Oil Pakistan Ltd (Go), facilitated by the Saudi Ministry of Investment. This partnership aligns with Saudi Vision 2030’s goal of boosting exports and expanding Saudi expertise globally. The agreement explores the possibility of establishing and operating Al Baik restaurants across Pakistan, marking a key milestone in Al Baik’s international growth strategy.
The MoU signing ceremony, held under the patronage of Saudi Minister of Investment, Engineer Khalid Al-Falih, saw participation from high-ranking delegations of both nations. This collaboration underscores the Saudi Ministry of Investment’s continued efforts to empower Saudi brands to expand internationally, enhancing the Kingdom’s influence in the global economy.
Go, a major player in Pakistan’s oil and gas sector, in which Saudi Aramco holds a 40% stake, is integral to this strategic partnership. The collaboration emphasizes Saudi Arabia’s commitment to diversifying its economy and creating growth opportunities abroad, reinforcing the Kingdom’s status as a dominant economic force in the region and worldwide.
