Islamabad, October 10, 2024- Saudi Arabia has made the decision to invest in the Reko Diq project. According to experts, Canadian company Barrick Gold holds a 50% stake in the project, while the federal government of Pakistan and the provincial government of Balochistan each hold a 25% stake.
Experts have indicated that Saudi investment could bring in millions of dollars. It is worth noting that a 130-member Saudi delegation, led by Minister of Investment Engineer Khalid bin Abdulaziz Al-Falih, arrived in Pakistan yesterday.
Speaking at the Pakistan-Saudi Business Forum today, Saudi Minister of Investment emphasized the importance of the Special Investment Facilitation Council (SIFC) in facilitating investment. He stressed that stabilizing Pakistan’s economy is crucial. The Minister further mentioned that 27 different agreements will be signed between Pakistan and Saudi Arabia.
