Islamabad: Saudi Arabia is likely to invest up to one billion dollars in Ricodic.
According to Finance Ministry sources, the shares of OGDCL and PPL will be sold to Saudi Arabia. The investment from Saudi Arabia is likely to be made next month.
Sources say that the prime minister will form a committee to invest in Saudi Arabia’s Rekodic. The Ministry of Finance Committee will also include officials from OGDCL, PPL and Ministry of Energy.
Sources in the Ministry of Finance say that a summary of the Ministry of Finance and Energy will be sent to the Prime Minister for the formation of the committee. There will be a government agreement between.
It should be noted that the past governments have also been claiming that this project is a game changer and that Balochistan can get 33% financial benefits from it.
