Saudi Prince Fahad bin Mansour Al-Saud, according to the Saudi tech company, will officially open the Saudi-Pakistan Tech Center in Islamabad on Monday (today).
According to Future Fest management, Saudi Arabian Prince Fahad bin Mansour Al Saud has revealed plans to establish a technology house in Pakistan in order to advance technical cooperation between the two countries.
Prince Fahad Bin Mansour Al Saud, a Co-Founder Partner at ILSA Interactive, stated that the company intends to create over 1000 jobs globally, including in Pakistan, Saudi Arabia, and other countries. Over the next five years, we expect to have at least 300 projects, each with a minimum total project value of $100 million.
“HRH [His Royal Highness] Prince Fahad bin Mansour Al Saud, during a virtual address to Future Fest stakeholders, announced the establishment of a dedicated Saudi-Pakistan Tech House to promote greater ease of doing business,”
The Saudi Prince co-founded the tech behemoth ILSA Interactive, which was founded in 2009 by a Pakistani entrepreneur and has offices in Lahore and Riyadh.
The company wishes to strengthen technical cooperation between the two countries in a variety of fields. ILSA Interactive is an excellent example of Saudi-Pakistani digital cooperation.
HRH Prince Fahad bin Mansour Al-Saud is in Pakistan to inaugurate the Saudi-Pakistan Tech House, which aims to improve technical collaboration between the two countries, according to a company statement.
Mr Chaudhry Salik Hussain, Federal Minister for Investment, will be the chief guest, and Ms Shaza Fatima, Special Assistant to the Prime Minister on Youth Affairs, will be the guest of honor.
The Saudi Prince has strategic plans to form partnerships with Pakistani IT firms, universities, and large corporations.
He hopes to create over 1,000 jobs in Pakistan, Saudi Arabia, and around the world. The firm has over 300 projects, each with a minimum total project value of $100 million. The Saudi prince first announced the initiative in January at Future Fest 2023, Pakistan’s largest tech event.