Saudi Arabia plans to invest a substantial $1 billion in the Reko Diq Copper-Gold Project located in Balochistan Province, Pakistan’s picturesque Chagai District.
The investment is scheduled for next month, pending approval from the Special Investment Facilitation Council (SIFC).
To facilitate Saudi Arabia’s investment smoothly, the Prime Minister will establish a dedicated committee within the Ministry of Finance. This committee will include key stakeholders from Pakistan, ensuring a collaborative approach.
This development highlights the successful efforts of the Special Investment Facilitation Council (SIFC) in creating a favorable environment for foreign investment in the country.
This injection of capital is expected not only to encourage more foreign investments but also aligns with SIFC’s goal of boosting economic growth.
Following this significant investment, Pakistan and Saudi Arabia are expected to sign agreements aimed at enhancing investment in the mining sector.
