Saudi Arabia has proposed a 15% stake in Pakistan’s Reko Diq mining project through Manara Minerals, with an additional grant for local road infrastructure. The SIFC has approved the proposal framework, but the final decision will be made by Pakistan’s Cabinet Committee on Inter-Governmental Commercial Transactions. The deal aims to enhance economic relations between the two countries and boost local employment.
Pakistan is targeting up to $5 billion in Saudi investments in mining and agriculture by mid-2025. The agreement is expected to improve infrastructure and create job opportunities, further strengthening economic ties.
