Islamabad: Saudi Arabia has proposed a 15% investment in Pakistan’s Reko Diq Mining project, complemented by grants to develop road infrastructure surrounding the mining area.
According to Ministry of Information and Broadcasting, the offer, which was reviewed and approved by Pakistan’s Special Investment Facilitation Council, now awaits the final decision from the Cabinet Committee on Intergovernmental Transactions. This development is part of broader expectations that Saudi investment in Pakistan’s mining and agriculture sectors could reach up to five billion dollars by June next year.
The investment from Saudi Arabia is poised to significantly enhance the infrastructure and output of the Reko Diq project, which is critical to Pakistan’s mining sector.