Saudi Arabia's Prince Fahad bin Mansour Al Saud has announced plans to establish a technology house in Pakistan in order to strengthen cooperation between the two countries in various technical fields, according to the management of the Future Fest tech conference.
The three-day event, which began on January 6 and will end on January 8, has brought together 50,000 participants, including 500 startups and 200 exhibitors from over 30 countries.
The conference, which is being held in Pakistan, is particularly significant for Saudi-Pakistan relations as it has brought a number of business leaders and entrepreneurs from Saudi Arabia and other Middle Eastern countries.
The prince is a co-founder of tech company ILSA Interactive, which was founded in 2009 by Pakistani entrepreneur Salman Nasir.
Technology house and the goals of the partnership between Saudi Arabia and Pakistan.
The technology house, known as the Saudi-Pakistan Tech House, aims to promote greater ease of doing business between the two countries and will focus on creating partnerships with IT companies, universities, and large enterprises in Pakistan.
Prince Fahad bin Mansour Alsaud said:
— Future Fest (@FutureFestPK) January 7, 2023
"Let me say that the resources in Pakistan are very talented in all fields; Technical Resources, User Experience and Quality Assurance resources have been great to work with.” pic.twitter.com/inPrM3zS1w
The establishment of the technology house is seen as a significant step in the strengthening of the existing strategic relationship between Saudi Arabia and Pakistan in all fields.
During his virtual address to the Future Fest stakeholders, Prince Fahad bin Mansour Al Saud also highlighted the importance of Saudi Arabia's Vision 2030 roadmap, which has seen significant growth in the technology sector and the development of smart cities like NEOM.
He emphasized the determination of both Pakistani and Saudi leaders to further deepen the partnership between the two countries and the potential for companies such as ILSA Interactive to reflect this commitment.
The technology house will serve as a hub for cooperation between the two countries in various technical fields, including IT, software development, and engineering.
The establishment of the technology house is expected to create new opportunities for business and trade between Saudi Arabia and Pakistan, as well as facilitate the exchange of knowledge and expertise in the tech sector.
The technology house is just one aspect of the larger partnership between Saudi Arabia and Pakistan, which also includes economic and cultural exchange programs, as well as cooperation in areas such as defence and security.
The partnership between the two countries is seen as a key component of the broader goal of strengthening ties between the Middle East and South Asia.
By establishing the technology house and fostering collaboration in the tech sector, Saudi Arabia and Pakistan hope to drive innovation and economic growth in both countries, as well as create new job opportunities for skilled professionals.
