Saudi Arabia has offered fifteen percent investment in the mega Reko Diq gold and copper project.
The Kingdom has also offered grants to build road infrastructure around the Reko Diq project.Special Investment Facilitation Council has approved the structure of the offer but the final decision has been left to the Cabinet Committee on Intergovernmental Transactions.
Pakistan expects Saudi investment of up to five billion dollars in mining and agriculture sector by June next year.
Last year in December, Pakistan and Barrick Gold Corporation have signed $8 billion landmark agreement on project after Supreme Court (SC) termed the deal ‘legal’.
The $8 billion landmark agreement was signed by Reko Diq Gold Corporation representative and federal and Balochistan government representatives.
