Saudi Arabia, Pakistan sign MoU for digital cooperation
RIYADH, SAUDI ARABIA — Saudi Arabia and Pakistan have signed a memorandum of understanding (MoU) to expand bilateral cooperation on digital transformation, innovation, and infrastructure.
Under the MoU, the countries will establish a task force to promote Saudi-Pakistan digital cooperation.
The agreement aims to strengthen SME and startup ecosystems through business accelerators, incubators, and tech investments. The countries will cooperate on policies, regulations, and laws for digitization and electronics manufacturing.
They will also collaborate on e-governance, smart infrastructure, emerging technologies like AI and blockchain, and research. This includes joint projects, training programs, and innovation centers.
Other digital infrastructure goals include enhancing fiber optic networks, data centers, and cloud computing. Moreover, the MoU encourages participation in each other’s IT events and private-public enterprise exchanges.
Saudi’s Communications Minister Abdullah Alswaha and Pakistan’s IT Minister Umar Saif inked the deal in Riyadh.
The new partnership underscores deepening economic ties between Saudi Arabia and Pakistan. It also opens opportunities for bilateral digital trade and investment.
The IT outsourcing sector in Pakistan is rapidly growing and is projected to reach $1.5 billion by 2028, led by major hubs like Lahore, Karachi, and Islamabad. It offers a talented pool of IT professionals and software developers at competitive rates.
Similarly, Saudi Arabia is emerging as a leading outsourcing destination in the Middle East and North Africa (MENA) region, with a projected growth of over $1.3 billion by 2028. Its strategic location, young population, and government support make it an attractive option for global IT outsourcing providers.
