Pakistan has signed a memorandum of understanding (MOU) with Saudi Arabia to work together in the field of information technology (IT), caretaker IT minister Umar Saif informed on Sunday.
The understanding will facilitate Pakistani companies to work in the Kingdom of Saudi Arabia (KSA), provide trained IT manpower to Saudi companies, promote joint ventures with Saudi firms, and establish a startup exchange program with top Saudi tech incubators, the minister said.
“Strategically, we will work on establishing close cooperation to set up chip manufacturing industry in Pakistan and work on electric vehicles, lithium-ion batteries, agriculture technology, and mining technologies,” Saif wrote in a post on X, formerly Twitter.
The MoU was signed by Caretaker Federal Minister of IT and Telecom Umar Saif and Saudi Arabia’s Minister of Communications and Information Technology Abdullah Al-Sawahah in Riyadh.
According to state-run PTV, the agreement includes a bilateral commitment to digital economy.
“Both sides also agreed to promote the private sector apart from the government level,” the state broadcaster said.
Saudi Arabia’s Ministry of Communications and IT also shared the update of the MoU signing on X.
The agreement has been signed to enhance the growth of the digital economy and expand the partnership between the two countries, it said.
Both countries will work together to accelerate digital innovation, empower entrepreneurs, and develop digital infrastructure, the Saudi ministry added.
