Islamabad / Quetta: An investment of up to 1 billion dollars from Saudi Arabia is expected soon in Rekodic Copper Gold Project located in Chagai district of Balochistan.
Saudi Arabia is expected to invest in the project next month for which the Special Investment Facilitation Council (SIFC) is trying to clear hurdles.
For the smooth completion of the Saudi investment, the Prime Minister will form a committee of the Ministry of Finance, which will include all the stakeholders on behalf of Pakistan.
This special investment facility is a testament to the Council’s successful efforts to provide a business-friendly environment for foreign investment in the country.
The Saudi investment will pave the way for more foreign investment in the country and help achieve the mandate of the Special Investment Facilitation Council.
After this investment, Pakistan and Saudi Arabia will sign agreements to further invest in the mining sector.
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