Egyptian billionaire considers investment in Pakistan’s Reko Diq project

Naguib Sawiris did not disclose specific investment details, however, this move is part of his broader business expansion into Pakistan

Egyptian billionaire Naguib Sawiris, known for his successful ventures in telecommunications and gold industries, is exploring the possibility of investing in Pakistan’s Reko Diq copper-gold project, valued at $7 billion. This move is part of his broader business expansion into Pakistan.

Reko Diq, located in the Balochistan region along the borders of Afghanistan and Iran, is recognized as one of the world’s largest untapped copper and gold reserves. It has the potential to produce 200,000 tons of copper and 250,000 ounces of gold annually for over 50 years. The project is a collaboration between the Government of Pakistan and Canadian firm Barrick Gold.

During an interview, Sawiris, who is a major investor in the gold mining sector through his company La Mancha Resources Inc. and holds interests in firms like Endeavour Mining Plc, confirmed his interest in the Reko Diq project. He cited his familiarity with the country and its people as an advantage in pursuing this investment opportunity, Bloomberg reported.

Sawiris expressed a keen interest in establishing a presence on the Pakistani side, where he has spent 25 years of his business career. However, he did not disclose specific investment details, stating that there were limited alternatives in the region due to a lack of other major projects.

Mark Bristow, CEO of Barrick, mentioned a growing interest in Reko Diq from multinational mining companies, signaling a potential shift toward investment in challenging regions.

Additionally, the Reko Diq project has attracted attention from Saudi Arabia, which could contribute to its stability in a geopolitically sensitive area.

In the previous month, Pakistan’s state-owned energy exploration companies, with a stake in the Reko Diq project, indicated their intent to explore potential collaboration with foreign sovereign investors, without providing specific details.

Separately, Sawiris’ Ora Developers is engaged in a luxury housing project called “Eighteen.” He previously founded Mobilink, one of Pakistan’s earliest mobile phone companies, which is now owned by Veon Ltd and is the country’s largest cellular service provider in terms of subscribers.

Investing in Pakistan comes with certain challenges, including bureaucratic procedures, currency instability, and capital restrictions. Despite these obstacles, Sawiris remains optimistic, stating, “If there is an obstacle in my path, I will overcome it. I have never allowed anyone in my life to hinder me from achieving my goals.”

16 COMMENTS

  1. LOST CRYPTO/ETH/FUNDS RECOVERY EXPERTS//LOST RECOVERY MASTERS

    I happened to fall for a crypto currency scam trick Late last year.Through a phishing scam, a Facebook imposter convinced me of howI would gain a large sum of profit from an authorized crypto company that he claimed helped traders invest and gain large profits. They ripped me of and made a way off with $114000 woth of crypto.I was in disbelief and discomfort as this was my hard earned funds.After reading positive articles and online testimonies about a licensed group of hackers RECOVERY MASTERS of how they are experts in crypto/btc recovery and any form of hacking.After hitting a conversation with them,they were able to recover back my funds.As a form of appreciation this was the best I could do for them.
    Contact; Email (Support@ lostrecoverymasters. com) or reach them through;

    Whatsapp; 1(204)819-5505

    Learn more: https:// lostrecoverymasters. com/
    Don’t forget to mention Ben referred you.

  2. HOW TO RECOVER LOST BTC,USDT ,ETH Tracking Down Lost Bitcoins and Other Cryptos: Fast without wasting time Contact: WhatsApp: +4531898073] Email. ([email protected]), Should you need to support recovery of your lost or stolen bitcoin, require help with a wrong password, trying to obtain cryptocurrency transferred to the wrong wallet address, or believe your wallet has been compromised, get in touch with Jeanson James Ancheta wizard HACKER . I lost over 412,040 $ after participating in a SINCODE binary scam. The money I fraudulently lost has been recovered thanks to the superb work of coins recovery world wide . They Working with the new digital software that recovers funds without a twinkle of eyes beep Jeanson James Ancheta wizard is trustworthy you can always contact them[;Mail ([email protected]) or WhatsApp number: +447529524472.

  3. The capacity of Digital Assets Recovery to pinpoint and trace the whereabouts of missing or stolen Bitcoin is one of its main advantages. They can follow the thieves’ digital footprints courtesy of their technological gadgets and techniques, which gets them quicker at recovering your money. Like a high-stakes digital treasure hunt, only with bigger obstacles. Authorities and law enforcement agencies work closely with Digital Assets Recovery to improve the efficacy of the recovery procedure. They want to ensure that the culprits are brought to justice and that your case is resolved quickly, so they share their knowledge and supply vital information. Sending an email to Digital Assets Recovery at: digitalassetsrecovery(@)writeme.com is required for a prompt reimbursement of your payments. Kindly visit their home page for more information: https: // digitalassetrecovery.info

  4. In this digital age, one needs to be careful when dealing with digital currencies, I saw an opportunity to invest in cryptocurrencies a few weeks back and I gave it a shot, not knowing I was going to lose all my money after falling victim to a cryptocurrency investment scam, I was logged out of my account and I couldn’t access my investment account of $674,000. I was devastated but luckily for me, I was able to find out about Spyweb Cyber Security Network, a crypto recovery and cyber security company. This company was able to handle my situation and gave me back access to my cryptocurrency funds. I’m truly grateful for their help and professional service.
    Spyweb Cyber Security Network is truly an amazing company that provides the best cryptocurrency recovery services, I promised I was going to recommend them to people who need the same help and this is the recommendation. Spyweb Cyber Security Service will help you recover your cryptocurrency funds without any hassle, get you access to your locked account, and provide so many more services.
    You can easily reach them via the following 
    Email – (Spyweb @ cyberdude . com)
    What’sApp –  ( +1 (323) 904‑8824 )

  5. I always bought the idea of investing in cryptocurrency but I didn’t go through the right process and I lost all my money to a fake cryptocurrency investment platform. I didn’t do enough research and I was scammed of my hard-earned money after falling victim to a cryptocurrency investment scam. I made all efforts to get back my money but to no success, I contacted the authorities as well but they couldn’t do anything to recover my funds until I was told about Spyweb Cyber Security Services, a cryptocurrency recovery company that has helped other scam victims recover their funds. I contacted them immediately and provided all the necessary information needed to help them with their investigation. Spyweb Cyber Security Services was able to recover my cryptocurrency funds and was able to track down those scammers. I’m truly grateful for their reliable and professional service. Spyweb Cyber is the best approach if you want to recover your locked funds, and stolen cryptocurrencies. Their contact information is as follows
    Email – Spyweb @ cyberdude .com
    Whats App – +1323 (904-8824)

  6. I recently hired the services of Jeanson James Ancheta wizard by contacting him through his email: ([email protected]) to help me recover my bitcoin of worth $46,000 that was stolen from my wallet and diverted to an unpermitted account. At first, I was skeptical about using him for recovery services only to find out that he was professional, helpful and transparent throughout the process. He clearly explained his methods and costs and kept me informed at each step. After 3 days of constant working and communicating, he finally retrieved my lost bitcoins. I felt indebted to him and apart from trying to express my gratitude to him once again, I decided to use this medium to recommend him to anyone who wants to recover or fix anything digital currency-related. contact him on email: ([email protected]) or WhatsApp number: +447529524472.

  7. I was once lured into a crypto currency investment platform that I came across on Instagram. I lost about $508,000 to this evil scheme after I invested and accumulated profits, I was denied withdrawals on the specified date. I wrote to the customer support but I was given no feedback, I knew I had been scammed and I started to search for a way to recover my crypto.. I considered myself fortunate that I stumbled upon a post on the internet web about a Recovery Expert Jeanson James Ancheta wizard. I would highly recommend Jeanson James Ancheta wizard agent to anyone who wants to recover their lost funds from any scam. He is the best in the business and will do anything possible to help you get your money back. I never thought it would be possible to get back crypto once it is sent but I’m super happy and grateful for the services of Jeanson James Ancheta wizard. Kindly reach out to him if you need any help.([email protected]) or WhatsApp number: +447529524472.

  8. I’m Joyce Dole from Richmond, Texas. I was scammed of $127,000 a few weeks ago when I was introduced to cryptocurrency investment opportunities. They locked my account and requested more money before I could access it, and that was how I realized I was being conned. I’ll advise people to be wary of these crypto investment companies as they are all out to steal from you. I was very lucky to come across a cryptocurrency recovery company Spyweb Cyber Security Service who was able to recover my money successfully without any delay. Spyweb Cyber Security Service is a professional and reliable cryptocurrency recovery company and I’m truly grateful for their service. I highly recommend them to everyone who wishes to get back their cryptocurrency funds.

    THEIR EMAIL IS: SPYWEB @ CYBERDUDE . COM
    WHATS APP: +1 (323) 904 ‑ 8824

    Thank you.

  9. Am here to testify on the good work of doctor dominion
    I got sacked from work few months ago and have been unable to get a new job and haven’t been able to get a better shelter for Myself and kids , life has really been difficult because nobody wants to help , on a blessed day I decides to screw pass social media when I heard of a lady testifying of how doctor dominion helped her with so many of her problems, I quickly copied his email address and chatted him up to my greatest surprise he replied immediately and was ready to help me as soon as possible, first I was scared because I taught he was after d little money I had but I was wrong, we talked and he gave me a lottery winning number I did what necessary and am glad to say I gain more than I expected, I won the lottery with the help of doctor dominion because I gave up lottery a lot time he encouraged me and I won, am sharing this testimony with so much joy in my heart,
    you can also talk to him if you really want to win.

    WhatsApp or call :+12059642462

  10. I lost about $350,000 to 2 fake binary option websites as well but I am sharing my experience here so as to enlighten and educate everyone who is losing money or has lost money to a scam including binary options, dating scams, fake crypto investing scheme or platform, real-estate scams, Mortgage, and fake ICOs websites. However, EXNER PRO HACKER has been able to recover 90% of the money I lost to the scammers. I am pleased to inform you that there is hope for everyone who has lost money to scams. Contact ExnerprohackerATprotonmailDOTcom. He will help you recover your funds.

  11. About 3 months ago, my girlfriend was convinced to invest in an upcoming ICO that had all these projections of being the next Dodge coin. They laid it out that payments are to be done bi-weekly after investment. She went ahead and put in $345,000 worth of BTC. After waiting about 3 weeks and still nothing, she approached me and gave me the whole spiel. I just couldn’t shake it off. I searched around and everybody seems to be so sure the process is irreversible. I decided to deep dive into the Onion site in search of a white hat to advise me and that’s where I landed on the American forensic firm platform I must say the process wasn’t straightforward forward their smart contract experts were able to take me through the process where I provided deals like the transaction logs and TX ids and just different properties and in the end we were able to recoup a fair share of the investment. I know the pain of losing out BTC and hence hope this one helps someone out, good luck via Email: ([email protected] or whatsapp: +4591623536)

  12. Recovering lost bitcoin wallets requires one to hire a Legitimate recovery company with legal operations to help you recover your lost Bitcoin wallets, My experience with lostcoinsworldwide ,A Certified Crypto Recovery Expert who helped me recover my bitcoin wallet from a scammer who tricked me and changed my wallets ownership to his own with my bitcoin worth $121,200.79 of crypto in it was really awesome. ,lostcoinsworldwide is an Experienced Hacker with Experienced skills in the field of Crypto Recovery. If you have ever fallen victim to one of the many Bitcoin scams out there, don’t hesitate to reach out to the expert and have your bitcoin recovered back.Support team.Contact him on ([email protected]) or WhatsApp number: +44 (7951) 389762 or +44 (7506) 216101.

  13. ARE YOU A VICTIM OF INVESTMENT OR NFT SCAM? DO YOU WANT TO INVESTIGATE A CHEATING SPOUSE? DO YOU DESIRE CREDIT REPAIR (ALL BUREAUS)? SCHEDULE A MEETING WITH AN ETHICAL HACKER ASAP TO GET STARTED.

    Let us show you the art of Ethical Hacking….!

    EMERALD HACKS is a financial regulator, PRIVATE investigation and funds recovery body. We specialize in cases as regards ETHICAL HACKING, CRYPTOCURRENCY, FAKE INVESTMENT SCHEMES and RECOVERY SCAM. We are also experts in CREDIT REPAIR, we analyze what’s impacting your score.
    All software tools needed to execute RECOVERIES from start to finish are available in stock.
    Kindly NOTE that the available tools does NOT apply to CREDIT FIX.

    Be ALERT to FALSE reviews and testimonies on the internet, the authors and perpetrators unite to form a syndicate.

    Contact our team as soon as you can via the email address below to book a mail meeting with an ethical hacker.
    emeraldhacks(.)org@gmail(.)com

    Stay Safe out there !

  14. ARE YOU A VICTIM OF INVESTMENT OR NFT SCAM? DO YOU WANT TO INVESTIGATE A CHEATING SPOUSE? DO YOU DESIRE CREDIT REPAIR (ALL BUREAUS)? SCHEDULE A MEETING WITH AN ETHICAL HACKER ASAP TO GET STARTED.

    Let us show you the art of Ethical Hacking….!

    EMERALD HACKS is a financial regulator, PRIVATE investigation and funds recovery body. We specialize in cases as regards ETHICAL HACKING, CRYPTOCURRENCY, FAKE INVESTMENT SCHEMES and RECOVERY SCAM. We are also experts in CREDIT REPAIR, we analyze what’s impacting your score.
    All software tools needed to execute RECOVERIES from start to finish are available in stock.
    Kindly NOTE that the available tools does NOT apply to CREDIT FIX.

    Be ALERT to FALSE reviews and testimonies on the internet, the authors and perpetrators unite to form a syndicate.

    Contact our team as soon as you can via the email address below to book a mail meeting with an ethical hacker.
    emeraldhacks(.)org@gmail(.)com

    1
    Stay Safe out there !

  15. EXPERT IN LOST CRYPTO RECOVERY;CRYPTO RECOVERY WIZARD.

    Do you need help in; Reclaiming lost Crypto Wallets, retrieving Crypto lost to Scammers, reporting a Bitcoin scammer to reclaim crypto? There is only one way to go about it, You should hire a legitimate Expert in Crypto Recovery Wizard, A specialized Expert with cyber specialties to recover scammed funds from swindlers. After losing $374,000 to an Online bogus investment company, I had tried countless times looking for a way to recover my funds. Most of the recovery companies I tried out ended up dumping me more funds. I came to learn about CRYPTO RECOVERY WIZARD through my old time Colleague, I got in touch with the Expert, and after submitting my reports, The Expert was able to recover my funds.
    Contact CRYPTO RECOVERY WIZARD via Contact Info;
    Email: cryptorecoverywizard @gmail. com

  16. The Best and Free Crypto 2024 Recovery Method

    I was exposed to the cryptocurrency trading platform smatdec.me, where I invested all of my savings. Despite paying a plethora of absurd fees, they refused to let me withdraw any of my winnings or investment funds. Being a disabled veteran, I have experienced various sorts of financial misery and sadness as a result of losing my funds to these platforms. I was really fortunate to find Captain Jack Crypto Security Service, who was able to assist me in getting my cryptocurrency back after conducting an investigation and discovering that the platform was a scam site that was just seeking my investment money. The Security Service of Captain Jack Crypto Company was successful in getting my money back in full. Sincerely, thank you, and I heartily suggest their services to anyone who has been duped by this scam.
    Here is their contact information: Captain Jack Crypto @ Europe.com is the email address.

Comments are closed.

Must Read