ISLAMABAD: A Saudi tech company has announced to launch Saudi-Pakistan Tech House in Islamabad today (Monday). The tech company, owned by Prince Fahad bin Mansour Al-Saud and the aim of launch is to furnace partnerships with companies and enterprises in information technology (IT) sector Pakistan.
Earlier, Prince Fahad bin Mansour Al-Saud had announced the initiative in January at Future Fest 2023, the major tech event in the South Asian country. The tech house aims “to promote and enhance greater ease of doing business” between the Kingdom of Saudi Arabia (KSA) and Pakistan. Prince Fahad bin Mansour Al-Saud is the co-founder of ILSA Interactive.
Saudi Tech Company to be launched in Islamabad
The company said in a statement that Prince Fahad bin Mansour Al-Saud is reaching Pakistan to launch Saudi-Pakistan Tech House to further enhance cooperation between the two sides in diverse fields. The statement added that the prince has a strategic plan to forge partnerships with big enterprises, IT companies and universities in Pakistan and start 300 projects valued at $100 million. The statement further said that the launching ceremony will be held in Islamabad on Monday.
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Earlier, at the closing ceremony of Future Fest 2023 in January, Prince Fahad said his firms planned to generate over 1,000 jobs in Pakistan, KSA and other countries. Future Fest 2023 saw leading policymakers, entrepreneurs, startups, and investors participate from several nations across the world.
