The minister also revealed that Saudi mining company Manara Minerals is actively exploring investment opportunities in Pakistan’s Reko Diq mine, one of the world’s largest undeveloped copper-gold deposits.

This announcement follows recent remarks by Pakistan’s Petroleum Minister Musadik Malik, who expressed optimism about significant investments from Manara Minerals within the next two quarters.

Manara Minerals, a joint venture between Saudi Arabia’s Ma’aden and the $925 billion Public Investment Fund (PIF), has been pursuing global investments as part of Saudi Arabia’s efforts to diversify its economy. In May last year, Manara executives visited Pakistan to discuss acquiring a stake in the Reko Diq project, which Barrick Gold and the Government of Pakistan jointly own.

The potential investment underscores Saudi Arabia’s growing interest in Pakistan’s mining sector and

Saudi Arabia’s Development Fund (SDF) is considering a $100 million investment in Pakistan’s mining infrastructure, Saudi Mining Minister Bandar Alkhorayef announced on Wednesday during the Future Minerals Forum in Riyadh.

The minister also revealed that Saudi mining company Manara Minerals is actively exploring investment opportunities in Pakistan’s Reko Diq mine, one of the world’s largest undeveloped copper-gold deposits.

This announcement follows recent remarks by Pakistan’s Petroleum Minister Musadik Malik, who expressed optimism about significant investments from Manara Minerals within the next two quarters.

Manara Minerals, a joint venture between Saudi Arabia’s Ma’aden and the $925 billion Public Investment Fund (PIF), has been pursuing global investments as part of Saudi Arabia’s efforts to diversify its economy. In May last year, Manara executives visited Pakistan to discuss acquiring a stake in the Reko Diq project, which is jointly owned by Barrick Gold and the Government of Pakistan.

The potential investment underscores Saudi Arabia’s growing interest in Pakistan’s mining sector and