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Saudi Arabia Approves Rs. 37.4 Billion Loan for Construction of Mohmand Hydropower Dam Saudi Arabia has approved a funding of 901 million Saudi Riyal (Rs. 37.4 billion) for the construction of Mohmand Hydropower Dam, says the Economic Affairs Ministry. According to an official statement issued by the Ministry, Saudi Arabia Ambassador to Pakistan Nawaf Bin Said Al-Maliki met the federal minister for Economic Affairs Omar Ayub Khan here on Wednesday. The Saudi Ambassador briefed the Minister of Economic Affairs on the recent successful visit of the Prime Minister of Pakistan Imran Khan to Saudi Arabia. According to the Ministry, the Saudi envoy shared that funding of 901 million Saudi Riyal was approved for the construction of Mohmand Dam from the Saudi Development Fund. The funding is for 25 years and an interest rate of two percent will be charged on it, said the envoy of Saudi Arabia.

Saudi arabiaOmar ayubEconomic affairs ministrySaudi development fundEconomic affairsEconomic affairs omar ayub khanSaudi riyalMohmand hydropower damSaudi arabia ambassadorPakistan nawaf bin said al malikiSaudi ambassadorPrime ministerPakistan imran khanMohmand damSaudi developmentSwat river