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MOU signed Between AlBaik and Gas & Oil (GO)
Pakistan, Karachi – 15 October 2024: A Memorandum of Understanding (MOU) was signed between the AlBaik and the Pakistani company Gas & Oil (GO) Limited. This MoU aims to explore the possibility of establishing a strategic partnership to set up and operate AlBaik restaurants in the Islamic Republic of Pakistan as part of the company’s expansion strategy in Pakistan.
The signing ceremony took place under the patronage of the Saudi Minister of Investment, Engineer Khalid Al-Falih, and in the presence of Shehbaz Sharif, Prime Minister of Pakistan, General Syed Asim Munir, NI (M), Chief of Army Staff of Pakistan and a high-level delegation from Saudi Arabia and Pakistan.
It is noteworthy that GO, in which Saudi Aramco acquired a 40% stake, is one of Pakistan's leading oil marketing companies.
This initiative underscores the pivotal role played by the Ministry of Investment of Saudi Arabia in achieving the objectives of Vision 2030 and enhancing the Kingdom’s position as a leading economic power on both the regional and global levels.
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