The government is considering presenting five major mineral projects to the United Arab Emirates for investment, which is expected to bring in 5.5 billion dollars in investment and generate 2.8 billion dollars in annual exports.
To capitalize on the country’s 8 trillion dollar mineral resources, a mining conference will be held in April to promote investment. With the cooperation of the SIFC, the Reko Diq project is expected to become operational by 2028, involving a 5.5 billion dollar investment and an anticipated 2.8 billion dollars in annual exports.
The projects under consideration include the copper smelter project with an annual production capacity of 80,000 tons, located in Chagai, Waziristan, Gwadar, and the “Balochistan Mineral Resources Limited” copper blocks.
In collaboration with the SIFC, there are also plans to connect Gwadar and Chagai to the rail network, which will improve mineral transportation.
Ongoing consultations are being held between Mari Petroleum and the Government of Balochistan for attracting international investment in the mineral sector. Through these efforts, the SIFC aims to stabilize the country’s economy by promoting investment in the mining sector.
