Dubai: Saudi Arabian and Pakistani investors have agreed to establish a private equity fund worth hundreds of millions of dollars, with three-quarters of its planned investments earmarked for Pakistan, the Saudi-Pakistan Joint Business Council (SPJBC) said on Monday.The council described the fund's initial size as “multi-hundred million”, saying it could expand depending on investment opportunities across different sectors. It did not disclose the exact amount or specify a currency.Private investors from both countries will contribute equally to the fund, which will target agriculture, mining, construction and other industrial activities, according to the council.The fund will also explore investments involving government-owned land and infrastructure assets in Pakistan, including airports, motorways, ports and maritime projects. The remaining 25% will be allocated to projects in Saudi Arabia, including potential commercial investments in Makkah and Madina.The council did not disclose individual investor commitments, identify projects selected for financing or provide a timetable for the first investments.
