{"id":96790,"date":"2024-04-15T12:55:31","date_gmt":"2024-04-15T07:55:31","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=96790"},"modified":"2024-04-15T12:55:33","modified_gmt":"2024-04-15T07:55:33","slug":"balochistans-mining-sector-to-get-ksa-investment","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/balochistans-mining-sector-to-get-ksa-investment.html","title":{"rendered":"Balochistan&#8217;s Mining Sector Set for Boost with KSA&#8217;s Investment"},"content":{"rendered":"\n<p>Islamabad: Saudi Arabia is expected to invest up to $1 billion in the Reko Diq Copper Gold project located in Balochistan&#8217;s Chagai district, as reported by Radio Pakistan on Sunday. Efforts led by the Special Investment Facilitation Council (SIFC) are currently underway to address any obstacles hindering this investment.<\/p>\n\n\n\n<p>To ensure a smooth execution of Saudi investments, Prime Minister Shehbaz Sharif will establish a committee comprising all stakeholders. Additionally, Pakistan and Saudi Arabia are poised to sign agreements for further mining investments following this significant infusion of capital.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ksa-eyes-stakes-reko-diq-gold-copper-mine.html\" target=\"_blank\" rel=\"noreferrer noopener\">KSA eyes stakes in Reko Diq gold, copper mine; valuation underway<\/a><\/p>\n\n\n\n<p>The commitment to expedite the first phase of an investment package worth $5 billion was affirmed by both countries during an official meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammad bin Salman at Al-Safa Palace in Makkah Al-Mukarramah on April 7, 2024. Their discussions primarily focused on strengthening the fraternal relations between the two nations and exploring avenues for enhanced collaboration across various sectors.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/ksa-pak-seek-strong-bilateral-ties.html\" target=\"_blank\" rel=\"noreferrer noopener\">Pak aims to lift bilateral trade with KSA up to USD 20 bn<\/a><\/p>\n\n\n\n<p>The joint statement emphasized the Kingdom&#8217;s supportive role in Pakistan&#8217;s economy and the mutual desire to strengthen trade and investment ties. Both parties reiterated their dedication to expediting the initial $5 billion investment package, as previously discussed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Saudi Arabia is expected to invest up to $1 billion in the Reko Diq Copper Gold project located in Balochistan&#8217;s Chagai district, as reported by Radio Pakistan on Sunday. Efforts led by the Special Investment Facilitation Council (SIFC) are currently underway to address any obstacles hindering this investment. To ensure a smooth execution of Saudi investments, Prime Minister Shehbaz Sharif will establish a committee comprising all stakeholders. Additionally, Pakistan and Saudi Arabia are poised to sign agreements for further mining investments following this significant infusion of capital. Read: KSA eyes stakes in Reko Diq gold, copper mine; valuation underway The commitment to expedite the first phase of an investment package worth $5 billion was affirmed by both countries during an official meeting between Prime Minister Shehbaz Sharif and Saudi Crown Prince Mohammad bin Salman at Al-Safa Palace in Makkah Al-Mukarramah on April 7, 2024. Their discussions primarily focused on strengthening the fraternal relations between the two nations and exploring avenues for enhanced collaboration across various sectors. Read: Pak aims to lift bilateral trade with KSA up to USD 20 bn The joint statement emphasized the Kingdom&#8217;s supportive role in Pakistan&#8217;s economy and the mutual desire to strengthen trade and&hellip;<\/p>\n","protected":false},"author":18,"featured_media":64649,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012],"tags":[58045,58042,58043,58044],"persona":[],"class_list":{"0":"post-96790","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"tag-foreign-investment-pakistan","9":"tag-ksa-investment-in-pak","10":"tag-pak-saudia","11":"tag-saudi-arab-investment-in-pakistan","12":"cat-15012-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Balochistan&#039;s Mining Sector Set for Boost with KSA&#039;s Investment<\/title>\n<meta name=\"description\" content=\"Saudi Arabia is expected to invest up to $1 billion in the Reko Diq Copper Gold project located in Balochistan&#039;s Chagai district...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/balochistans-mining-sector-to-get-ksa-investment.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Balochistan&#039;s Mining Sector Set for Boost with KSA&#039;s Investment\" \/>\n<meta property=\"og:description\" content=\"Saudi Arabia is expected to invest up to $1 billion in the Reko Diq Copper Gold project located in Balochistan&#039;s Chagai district...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/balochistans-mining-sector-to-get-ksa-investment.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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