To strengthen connections, a Saudi prince opens a $100 million tech hub in Pakistan

To strengthen connections, a Saudi prince opens a $100 million tech hub in Pakistan.

KARACHI – Prince Fahad bin Mansour Alsaud established the Saudi-Pakistan Tech House in Islamabad as part of his ongoing efforts to deepen the bonds between the two Islamic countries.

The project, termed “the great hallmark of Pakistan-Saudi digital collaboration excellence,” aimed to establish alliances with South Asian information technology (IT) firms and businesses.

A Pakistani entrepreneur founded the tech company ILSA Interactive more than ten years ago, and Prince Fahad bin Mansour Alsaud is one of its co-founders. It entices huge businesses, educational institutions, and IT behemoths to invest in 300 projects worth $100 million in friendly nations, creating over 1000 employment.

Early this year, at Future Fest, the nation’s largest innovation festival, a Saudi Prince announced his intentions to establish a tech house.

The establishment of Saudi Pakistan Tech House was hailed as an honor by Prince Fahad bin Mansour, a thought leader in entrepreneurship and the development of start-up policies, who spoke at the event. He came up with the phrase “$100 million tech mansion” as a stimulant to create a setting for increased growth and collaboration.

According to him, the project added a new level of collaboration and strengthened the long-standing strategic connection between Islamabad and Riyadh. He also expressed trust in Pakistan’s workforce and startups to establish alliances that would fundamentally alter the course of future interactions.

In view of the goals of Saudi Crown Prince Mohammed Bin Salman, according to Prince Fahad, the president of the Saudi G20 Young Entrepreneurs Alliance (YEA), Riyadh intended to have more initiatives in every region under Vision 2030.

Nawaf Bin Said Al Malki, the Saudi ambassador to Pakistan, was also present and expressed his pleasure at taking part in the opening ceremony of the Saudi-Pakistan Tech House.

The ceremony was also attended by other government representatives. Shaza Fatima Khawaja, the prime minister’s advisor for youth affairs, praised Saudi Arabia for taking the initiative in modernizing the Kingdom.

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