Saudi Arabia Plans Crypto and Blockchain Zone in Karachi Under Major Investment Initiative
KARACHI: Saudi Arabia is planning to establish a major crypto and blockchain zone in Karachi as part of a large-scale investment initiative aimed at transforming Pakistan’s financial, maritime and technology sectors.
The proposed project is being discussed under a new Memorandum of Understanding (MoU) signed between the Karachi Port Trust (KPT), Saudi Business Council-Najd Gateway Holding Company, Arif Habib Dolmen REIT Management Limited and the Pakistan Corporate Consortium.
According to officials, the project will be developed on a 140-acre site located on Karachi’s prime waterfront area on MT Khan Road. The plan aims to turn the location into a modern commercial and maritime business hub that could attract international investors and boost Pakistan’s economy.
Sources familiar with the discussions said Pakistan has proposed the creation of a dedicated crypto and blockchain zone as part of the financial and technology partnership with Saudi Arabia. The government is also working on regularising cryptocurrency trading and digital finance systems in Pakistan.
The project proposal also includes plans for a digital banking park, Islamic finance centre and modern banking units focused on technology and financial innovation. Officials believe the initiative could help position Karachi as a regional hub for digital finance, blockchain technology and maritime trade.
Along with the crypto zone, Pakistan has proposed the development of a marine technology and logistics zone featuring smart port integration systems, digital customs services and advanced shipping technology. Authorities also plan to launch research and development projects focused on maritime software and digital trade operations.
The Saudi delegation visiting Pakistan has also shown interest in broader investment opportunities, including port infrastructure, energy projects and urban development initiatives. Reports suggest Saudi Arabia is also studying the possibility of establishing an oil refinery at Gwadar Port along with strategic oil reserves in Pakistan.
Minister for Maritime Affairs Muhammad Junaid Anwar Chaudhry said the project would support economic growth, create employment opportunities and modernise Karachi’s waterfront infrastructure.
He described the partnership as a major opportunity to unlock the potential of Karachi Port and strengthen Pakistan’s position as a regional centre for maritime commerce, technology and international investment.
Officials added that the proposed development would also include luxury hotels, skyscrapers, convention centres, corporate offices, international hospitals and educational institutions, including a maritime and trade law school.
The latest development highlights growing economic cooperation between Pakistan and Saudi Arabia as both countries explore investment opportunities in technology, energy, logistics and infrastructure projects.
