Saudi Arabia acquired a 15% stake in Pakistan’s Reko Diq mining project for $540 million.

The deal, approved by the federal cabinet, involves two phases: $330 million for 10% in the first phase and $210 million for 5% in the second.

Additionally, Saudi Arabia’s Fund for Development will invest $150 million to boost Balochistan’s mining sector.

Reko Diq, one of the world’s largest untapped copper and gold deposits, holds vast economic potential.

Pakistan and Saudi Arabia’s collaboration promises significant growth in the mining industry.