Saudi Arabia, UAE to invest $46b in Pakistan | Sunday Observer

Saudi Arabia, UAE to invest $46b in Pakistan

6 August, 2023

Minister of State for Petroleum Musadiq Malik has said that the Kingdom of Saudi Arabia and UAE have indicated to invest $46 billion in the country’s mineral and mining sector worth 6.1 trillion dollars.

Pakistan will establish a global standard regulator for the mineral and mining sector, Minister of State for Petroleum Musadiq Malik announced at the ‘Pakistan Minerals Summit’.

The Minister said that Saudi Arabia and UAE have indicated an investment of $24 billion and $22 billion respectively in the country’s mine and mineral sector. “We believe that the United States is a major economic power and the force behind it is companies like Apple, Google and Amazon.”

- nation.com.pk

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