A 40-member Saudi business delegation, described as the largest visiting Pakistan, will participate in Expo Pakistan 2015 that showcases the largest collection of its export merchandise and services.
The four-day expo, being held in Karachi from Feb. 26 to March 1, is claimed to be the primary sourcing point for a large number of businesses worldwide giving them a head start on
the buying and ordering for coming seasons, said Manzoor ul Haq, Pakistani ambassador in Riyadh.The envoy hosted a dinner reception for the Saudi delegation before their departure on Thursday night to shed light on the expo for better bilateral trade coordination.
The Saudi delegation was led by Prince Bander bin Fahad bin Bander Al-Saud, chairman of Iftekarat Group consortium for national and international companies.
Haq thanked Prince Bander and his team as well as other delegates heading for the expo and hoped that their participation will add value to the trade between the two brotherly countries that enjoy very cordial and special relationship.
The ambassador underlined the importance of the expo, which is expected to be attended by a considerable number of buyers from around 70 countries.
He added that the expo is organized by Trade Development Authority of Pakistan (TDAP) with the support of the ministry of commerce and is the “biggest trade fair in Pakistan” showcasing the largest collection of Pakistan's export merchandise and services.
“The annual mega event has become the major sourcing point for a large number of businesses worldwide,” he added.
Among the delegates and other participants at the reception included A.A. Majed, CEO of MAS Holdings; Nidal Ibrahim Al-Naami of Elaf Holding Group; Samir Abdul Aziz Al-Fouzan of Al Fouzan group; Sohail Abdul Hamid Eskandarany and Salman Salem Al-Khalidi from Saudi Aramco; Samir Azar, GM, Advacon Group; and D.G Hannan of Al-Fouzan Group.
According to the commercial section at the Embassy of Pakistan, business deals worth $ 1 billion are struck annually at this mega event.Notably, 90 memorandums of understanding were signed between business partners and chambers during the last expo in 2014.
About 1,000 businessmen from about 70 countries are attending the expo every year to explore business opportunities.A large variety of products will be showcased in 523 stalls spread over six big exhibition halls across the state-of-the-art Karachi Expo Center.
Bilateral relations between Pakistan and Saudi Arabia have attained new heights in recent years witnessing a flurry of high level visits from both sides.
Realizing the value of bilateral cooperation, the two countries have reinvigorated the existing Joint Ministerial Commission (JMC) with the 10th session held last year in Riyadh.
The JMC process acts as the core of economic and commercial cooperation between the two sides.
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