Saudi Arabia to Invest $1 Billion in Pakistan’s Reko Diq Mining Project

Chagai, Saudi Arabia is set to invest up to one billion dollars in the Reko Diq Copper Gold project located in the Chagai district of Balochistan next month. This major financial injection aims to boost the mining sector and strengthen bilateral economic ties between Saudi Arabia and Pakistan.

According to Ministry of Information and Broadcasting, the Special Investment Facilitation Council is actively working to eliminate any obstacles that could impede this significant investment. Additionally, the Prime Minister of Pakistan will establish a committee within the Finance Ministry that includes all relevant stakeholders to ensure the smooth execution of Saudi investments. Following this initial investment, Pakistan and Saudi Arabia are expected to sign additional agreements to further expand cooperation in the mining sector.