ISLAMABAD: Saudi Arabia’s Prince Fahad bin Mansour, on Monday, launched a Saudi-Pakistan Tech House worth $100 million in Islamabad.
The project is aimed at creating job opportunities through partnerships with information technology (IT) companies in Pakistan.
As per sources, the initiative was first announced in January at Future Fest 2023, the largest tech event in Pakistan.
Moreover, the tech house hoped “to promote greater ease of doing business” between the two countries.
The collaboration between companies is a part of the Saudi government’s Vision 2030 plan, which aims to reduce the country’s reliance on oil and transform it into a leading investment hub with advanced digital infrastructure.
Approximately $500 billion has been earmarked by Saudi Arabia to accomplish these objectives, which also involves the creation of new urban areas.
For news and blogs, visit Graana.com
Matiari, a district in Sindh province rich in history and culture, is well-known for its…
The Indus Highway, officially called National Highway 55 (N-55), is a 1264 km two—to four-lane…
Khairpur Tamewali is a town located in Bahawalpur, Pakistan. Known initially as Tanori, named after…
Amidst the lush valleys of the Malakand region in Khyber Pakhtunkhwa, Pakistan, lies the city…
Situated at the base of a hill with natural springs and shaded by a verdant…
Phool Nagar is in Pakistan's Punjab Province, in the Kasur District. It changed its name…