The Saudi Fund for Development (SFD), represented by its CEO Sultan Abdulrahman Al-Marshad, signed today in Islamabad a development agreement with the fraternal Islamic Republic of Pakistan to finance the Mohmand Hydropower Dam Project through a soft development loan provided by the Kingdom of Saudi Arabia through the Fund at a value exceeding USD 240 million. According to Saudi Press Agency, the project aims to enhance the supply of energy and water for agriculture and daily consumption, and protection from flood risks.
About the Author
