Closing Day of Future Fest Witnesses Signing Of MoU Worth $100 M

A historic delegation of Saudi startups and venture capitalists met with Pakistani companies and key stakeholders to discuss investments and talent recruitment at Future Fest 2023.

Closing Day of Future Fest Witnesses Signing Of MoU Worth $100 M

On the third and final day of Future Fest, Pakistan’s largest tech conference and expo, over 50 MoUs worth $100 million were signed. Indeed, these agreements, as well as their ongoing financial impact, will make a significant contribution to Pakistan’s digital economy.

The following key agreements were signed on the final day of Future Fest: an investment and global expansion partnership signing MoU between GINKGO and the Kingdom of Saudi Arabia’s DigiPACKS; the launch of Bridging to Saudia; and Saudi Arabia-based Tracking.

Telematics Private Limited, a Pakistani company, is being acquired by me. Tracking also signed a contract with Technomatics. Reskills has signed with PNY Trainings, Saudi Azm has signed with Everest Square Management, Octek has signed with Saudi Azm, and Classera has signed with Ejad Labs.

Furthermore, the potential for formal collaborations was investigated between Reskills and PITB, Gingko Retail Gained Investment, Takadao and Craftoo, vFAIRS, the Institute of Entrepreneurship and PAFLA, and NUST’s E-clinic devices for home care with two companies.

The event was supported by Dr. Arif Alvi, President of the Islamic Republic of Pakistan, who also served as the event’s chief guest.

In addition, numerous government representatives attended the three-day expo, including but not limited to Dr. Arslan Khalid, Special Adviser to the Chief Minister of Punjab on IT; Rizwan Saeed Sheikh, Additional Foreign Secretary for the Middle East at the Ministry of Foreign Affairs in Islamabad; and Mr. Emran Akhtar, former Advisor to the Foreign Minister of Pakistan, who initiated and led Pakistan’s membership in the Digital Cooperation Organization as a Founder Member in 2020.

Over 100,000 people attended the three-day tech conference and expo, which included an estimated 500 companies from around the world, 250 speakers, and 150 international guests from 15 countries.

A fireside chat with Coke Studio season producer Zulfiqar Jabbar Khan (Xulfi) and Zeeshan Haider Sikandar, manager of Coke Studio, is one of the show’s highlights. Talks from Taha Memon, Founder and CEO, Founders Club International; Saqib Azhar, CEO, Enablers; and Ayesha Nasir, Founder and CEO, Scary Ammi, Ijaz Nisar, President and Founder—CEO Club Pakistan, Ali Hasnain Rizvi, Chief Technology Officer, ID-Ware; Andreas Tsindos, CEO, MWAN Mobile; Mohammad Khanani, CEO, mGadgets; Haseeb Khan, Vice President, Technology; Azad Chaiwala, CEO, Azad Chaiwala Institute; Mirza Saad Baig, Co-Founder, RAWTS.

A historic delegation of Saudi startups and venture capitalists met with Pakistani companies and key stakeholders to discuss investments, partnerships, acquisitions, and talent recruitment at Future Fest 2023.

The event, which was dedicated to using technology to pave the way for Pakistan’s future, brought together leaders from more than 50 industries for dialogue, exchange, and connection, including entrepreneurs, decision-makers, policymakers, thought leaders, investors, and innovators, who engaged in discussions focusing on technology playing a positive role in #SaveTheFuture.