Pak-Saudi Relations and Maritime Cooperation Opportunities and Future Agenda

• Published in: Policy perspectives (Islamabad) Vol. 21; no. 1; pp. 59 - 71
• Main Author: Akhtar, Muhammad Jawad
• Format: Journal Article
• Language: English
• Published: Islamabad AsiaNet Pakistan (Pvt) Ltd 30-06-2024; Pluto Journals
• Subjects: Collaboration; Computer platforms; Cooperation; Cultural relations; Economic development; Economic growth; Efficiency; Exports; Foreign investment; Free trade; Infrastructure; International cooperation; International relations; International trade; Investors; Joint ventures; Logistics; Partnerships; Portfolio management; Ports; Regions; Shipbuilding; Textiles; Trade; Trade agreements; Trade relations; Saudi Arabia; Pakistan
• ISSN: 1812-1829; 1812-7347
• DOI: 10.13169/polipers.21.1.ra4

This paper explores the potential benefits of Pakistan's relations with Saudi Arabia and consequent trade partnerships, investment prospects, technological advancements, and regional cooperation on the former's economy. Saudi Arabia's Vision 2030 has spurred significant investments in its maritime and logistics sectors. The paper argues that Pakistan, with key ports like Karachi and Gwadar, stands to benefit from strengthened maritime collaboration with Saudi Arabia. Increased trade partnerships, particularly with the Gulf Cooperation Council (GCC) countries, can be a major outcome, supported by improvements in port efficiency and logistics infrastructure. Moreover, there are opportunities for Pakistan to diversify its export portfolio, attract foreign investment, and adopt advanced technologies in the maritime sector. It suggests that collaborative efforts in port development, digital trade, and sustainable practices can bolster Pakistan's maritime capabilities. Engaging in regional cooperation on maritime security, trade logistics, and environmental sustainability can further enhance bilateral relations and economic growth. Lastly, the paper outlines actionable strategies for Pakistan to leverage these opportunities, positioning itself as a pivotal player in regional maritime trade and logistics.