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Saudi Arabia to finance Mohmand hydroelectric project in Pakistan

Saudi Arabia to finance Mohmand hydroelectric project in Pakistan ....

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Saudi Arabia Approves Rs. 37.4 Billion Loan for Construction of Mohmand Hydropower Dam

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. ....

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Saudi Arabia approves 901mn Saudi riyal funding for Mohmand dam

Jun 9, 2021
ISLAMABAD: Saudi Arabia has approved a funding of 901 million Saudi Riyal for the construction of Mohmand Hydropower Dam, ARY NEWS reported quoting Kingdom’s Ambassador to Pakistan Nawaf Bin Said Al-Maliki on Wednesday.
The Saudi envoy shared this while meeting with the Federal Minister for Economic Affairs Omar Ayub besides also discussing the success of Prime Minister Imran Khan.
He said 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. ....

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