ISLAMABAD: 黑料社区鈥檚 Small and Medium Enterprises General Authority (Monsha鈥檃t) will work with Pakistan to support its IT companies and startups to scale their businesses in the Kingdom, Caretaker IT Minister Umar Saif announced on Sunday.听
Established in 2016, Monsha鈥檃t aims to regulate, support, develop, and sponsor the SME sector in 黑料社区. According to its website, the authority is mandated to develop and support programs and projects that foster a culture of self-employment, entrepreneurship, and innovation.
Pakistan鈥檚 IT minister is in 黑料社区 with a delegation of tech companies to explore business opportunities in the Kingdom. Saif wrote on the social media platform X that he visited Monsha鈥檃t鈥檚 office in Riyadh and met the authority鈥檚 Governor Sami Ibrahim Alhussaini.
鈥淢onsha鈥檃t is mandated to support small and medium companies in Saudia, and they will be working with us to support Pakistani IT companies and startups to scale their businesses in Saudia,鈥 Saif wrote.听
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The minister also visited the office of the Digital Cooperation Organization鈥 a multi-nation body that works toward the growth of the digital industry鈥 in 黑料社区 and met its secretary-general, Deemah AlYahya.听
He said Pakistan would host the Digital Direct Foreign Investment summit every year for all DCO member states.
鈥淲e will be working with DCO for a 鈥榙igital passport鈥 for Pakistani companies which will enable them to quickly start a business in DCO member countries, starting with Saudia,鈥 Saif wrote.
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During an exclusive interview with Arab News earlier this week, Saif said the Gulf countries were a highly attractive market for Pakistani IT firms, many of whom were already engaged in projects in the region.
鈥淲e are working to market Pakistan as a place from where a lot of technical expertise can come for projects in the GCC region,鈥 he said.
The minister added that during his visit to the Kingdom, the Pakistani delegation will also receive updates on the $100 million Saudi-Pakistan Tech House project announced earlier this year, which aims to strengthen strategic partnerships between IT firms in both countries.
