While challenges exist in terms of reduced ownership and external demands, the partnership offers promising opportunities for investment, job creation, and economic development. It is imperative for stakeholders to work together collaboratively to ensure the success of this project and leverage the potential benefits for the people of Pakistan and the region at large.  In recent developments concerning the Reko Diq project in Pakistan, Barrick Gold has declined to part with its stake, resulting in Pakistan agreeing to sell 15% of its shares to Saudi Arabia. This decision would diminish Pakistan’s ownership in the project from 50% to 35%, turning the country into a minority shareholder. The Saudi investment also comes with demands for a permanent arbitration court and involvement in Reko Diq blocks, signaling a significant shift in the dynamics of this venture. Challenges and Opportunities: The decision to sell shares to Saudi Arabia signifies a strategic move that has both challenges and opportunities for Pakistan. While the reduction in ownership might raise concerns over control and influence in the project, it also opens doors for increased investment and collaboration with a key player in the region. The involvement of Saudi Arabia could potentially enhance the investment climate in Pakistan and attract further opportunities for economic growth. Economic Impact: The declining investment levels in Pakistan, reaching its lowest point since 1972, raise alarms about the urgency to attract foreign investment and stimulate economic activity. The partnership with Saudi Arabia in the Reko Diq project presents a timely opportunity to infuse capital and expertise into the local economy, potentially revitalizing the investment landscape and creating employment opportunities for the people of Balochistan. Government officials have expressed confidence in the decision to convert Pakistan’s stake in Reko Diq to a minority share, citing past successful venture experiences with major companies. The government’s conscious approach to this shift indicates a strategic mindset towards maximizing the benefits of the partnership with Saudi Arabia while safeguarding Pakistan’s interests in the project. Role of SIFC and Future Prospects: The involvement of SIFC in facilitating the valuation process and negotiations for the Reko Diq project highlights the importance of expert consultancy in complex investment deals. With the project nearing operational stages, the partnership with Saudi Arabia and the Balochistan government’s continued involvement are crucial for its success. The signing of the Free Trade Agreement with the Gulf Cooperation Council further underlines Pakistan’s commitment to fostering international collaboration and economic growth. For decades, the Reko Diq mining project has been fraught with legal and operational challenges. The collaboration between Pakistan and Barrack Gold initially promised to unlock the potential of one of the world’s largest untapped copper and gold deposits. However, persistent complications have delayed the project, exacerbating Pakistan’s economic woes. In a bid to inject fresh investment and expertise, the involvement of Saudi Arabia could be a much needed catalyst.