The Saudi prince inaugurated a $100 million tech house in Pakistan

The tech house will be headquartered in the Saudi capital, Riyadh—Photo: Twitter/PMLAN Economy

Prince Fahd Bin Mansoor Al Saud of Saudi Arabia officially inaugurated the Saudi Arabia-Pakistan Tech House (SPTH) in Pakistan.

According to the report of Dawn newspaper, the aim of this tech house is to create more than 1000 jobs in the IT sector in the next 5 years with a total project worth 100 million dollars.

A press release issued yesterday said that the aim of the project is to promote greater business in the IT sector in Pakistan and to enhance the relationship between the two countries.

The opening ceremony of SPTH was organized by the Saudi Embassy in Islamabad, in which Nawaf bin Saeed Al Maliki, the ambassador of Saudi Arabia, was the chief guess.

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Prince Fahd Bin Mansoor Al Saud said in his address that "I believe that with such a large IT infrastructure, talent and startups in Pakistan, Saudi Arabia and the Pakistani private sector can establish a mutual partnership that will be a game changer in the IT sector." Could be a game changer.

Prince Fahd Bin Mansoor Al Saud said in his address that "I believe that with such a large IT infrastructure, talent and startups in Pakistan, Saudi Arabia and the Pakistani private sector can establish a mutual partnership that will be a game changer in the IT sector." Could be a game changer. He said that the head office of Tech House will be in Saudi capital Riyadh and its first branch will be established in Lahore, this project is part of Saudi Arabia's Vision 2030.

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