Islamabad, Pakistan – Feb 28, 2025 – International Resources Holding (IRH), a subsidiary of the Abu Dhabi-based International Holding Company (IHC), has officially signed a Joint Venture Agreement (JVA) with Mari Energies Limited, Balochistan Mineral Resources Limited (BMRL), and the Government of Balochistan (GoB). The agreement grants IRH a 50% (plus one share) stake in two strategically significant Mineral Exploration Licenses (EL302 & EL303) located in Chagai, Balochistan.
The signing ceremony was witnessed by His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, and His Excellency Muhammad Shehbaz Sharif, Prime Minister of Pakistan. This milestone underscores the strengthening of economic and strategic ties between the United Arab Emirates and Pakistan, further enhancing bilateral cooperation in the mining and natural resources sector.
This partnership marks a significant step toward unlocking Balochistan’s untapped mineral potential, bringing substantial foreign direct investment (FDI) into Pakistan’s mining industry. By leveraging advanced exploration and extraction technologies, IRH aims to contribute to the sustainable development of the sector, fostering economic growth and job creation in the region.
Mr. Ali AlRashdi, CEO of International Resources Holding, emphasized the strategic importance of this venture, stating:
“We are honored to embark on this transformative partnership, which aligns with our vision of investing in high-impact projects that drive sustainable economic growth. This agreement reflects our unwavering commitment to fostering innovation, creating employment opportunities, and unlocking Pakistan’s vast mineral wealth. By collaborating with our esteemed partners, we aim to introduce world-class mining practices, ensuring long-term value creation for all stakeholders while strengthening the UAE’s role as a leading investor in the global mineral sector.”
The JVA sets a precedent for future collaborations in the mining industry, reinforcing the UAE’s commitment to fostering economic development in Pakistan. This initiative is expected to pave the way for further investments, technological advancements, and sustainable mining practices, positioning Balochistan as a key player in the global minerals market.
About International Resources Holding
International Resources Holding (IRH), a subsidiary of 2PointZero, founded in 2022, is a dynamic natural resources extractive company with a portfolio of diverse Metals and Minerals. Operating in the entire mining value chain, IRH undertakes upstream, midstream and downstream processes. We embrace the highest standards of safety for people and processes and create in-country value for the communities and countries we partner with through responsible mining practices, social investments, and respect for ecosystem sustainability.
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