Saudi Press

Saudi Arabia and the world
Monday, Jun 02, 2025

Saudi Arabia to finance Mohmand hydroelectric project in Pakistan

Saudi Arabia to finance Mohmand hydroelectric project in Pakistan

Saudi Arabia will give a soft development loan worth more than $240 million to finance a hydropower project in Pakistan.
The Saudi Fund for Development (SFD), represented by its CEO Sultan Al-Marshad, on Friday signed the development agreement to fund the Mohmand Hydropower Dam Project.

The project aims to enhance the supply of energy and water for agricultural use and domestic consumption, as well as protection from flood risks.

At the signing ceremony, the Pakistani side was represented by the Undersecretary of the Ministry of Economic Affairs, Dr. Kazim Niaz. Saudi Ambassador to Pakistan Nawaf bin Saeed Al-Malki and several officials from both sides were present.

By financing this project, the SFD seeks to enhance Pakistan's ability to produce clean and renewable energy, by increasing the production capacity to 800 megawatts of electricity, in addition to storing about 1.6 million cubic meters of water to provide sustainable water sources for agriculture and human consumption.

The project will also enhance water and food security by irrigating more than 6,773 hectares of new agricultural land, increasing the current cropping area from 1,517 hectares to 9,227 hectares, and protecting the region from the impact of floods.

During the ceremony, SFD's CEO Al-Marshad said, "This project is an extension of the support being provided by the government of Saudi Arabia through the Fund since its inception to finance vital economic projects aimed at achieving growth and development in the Islamic Republic of Pakistan. Their number reached 41 development projects and programs with a value of $1.4 billion, in addition to financing oil derivatives with a value exceeding $5.4 billion in the past four years.

On his part, Dr. Niaz thanked the Kingdom for supporting various development sectors in Pakistan through the SFD and contributing to the financing of this vital project, citing the importance of the project and its developmental impact on the country and its people. He said the project will contribute to the provision of sustainable energy as well as water sources that ensure water and food security.

Dr. Niaz praised the development efforts made by the Kingdom through the Fund since 1976 to achieve social development and sustainable economic prosperity.

The development projects and programs financed by the Saudi Fund for Development in the energy sector at the level of African and Asian countries amounted to 76 since the beginning of its development activity in 1975. Of these 33 projects were in African countries, 42 projects in Asian countries, and one project in Latin America. This is in addition to the Fund's active role in supporting and developing renewable energy sector, which numbered 35 projects in 23 developing countries around the world.
Newsletter

Related Articles

Saudi Press
0:00
0:00
Close
Paris Saint-Germain's Greatest Triumph Is Football’s Lowest Point
OPEC+ Agrees to Increase Oil Output for Third Consecutive Month
Turkey Detains Istanbul Officials Amid Anti-Corruption Crackdown
Meta and Anduril Collaborate on AI-Driven Military Augmented Reality Systems
EU Central Bank Pushes to Replace US Dollar with Euro as World’s Main Currency
European and Arab Ministers Convene in Madrid to Address Gaza Conflict
U.S. Health Secretary Ends Select COVID-19 Vaccine Recommendations
Trump Warns Putin Is 'Playing with Fire' Amid Escalating Ukraine Conflict
India and Pakistan Engage Trump-Linked Lobbyists to Influence U.S. Policy
U.S. Halts New Student Visa Interviews Amid Enhanced Security Measures
Trump Administration Cancels $100 Million in Federal Contracts with Harvard
SpaceX Starship Test Flight Ends in Failure, Mars Mission Timeline Uncertain
King Charles Affirms Canadian Sovereignty Amid U.S. Statehood Pressure
Iranian Revolutionary Guard Founder Warns Against Trusting Regime in Nuclear Talks
UAE Offers Free ChatGPT Plus Subscriptions to Citizens
Lebanon Initiates Plan to Disarm Palestinian Factions
Iran and U.S. Make Limited Progress in Nuclear Talks
The Daily Debate: The Fall of the Dollar — Strategic Reset or Economic Self-Destruction?
Trump Administration's Tariff Policies and Dollar Strategy Spark Global Economic Debate
OpenAI Acquires Jony Ive’s Startup for $6.5 Billion to Build a Revolutionary “Third Core Device”
Turkey Weighs Citizens in Public as Erdoğan Launches National Slimming Campaign
Saudi-Spanish Business Forum Commences in Riyadh
Saudi Arabia and Spain Sign MoU to Boost SME Sectors
UK Suspends Trade Talks with Israel Amid Gaza Offensive
Iran and U.S. Set for Fifth Round of Nuclear Talks Amid Rising Tensions
Russia Expands Military Presence Near Finland Amid Rising Tensions
Indian Scholar Arrested in Crackdown Over Pakistan Conflict Commentary
Israel Eases Gaza Blockade Amid Internal Dispute Over Military Strategy
President Biden’s announcement of advanced prostate cancer sparked public sympathy—but behind closed doors, Democrats are in panic
A Chinese company made solar tiles that look way nicer than regular panels!
Indian jet shootdown: the all-robot legion behind China’s PL-15E missiles
The Chinese Dragon: The True Winner in the India-Pakistan Clash
Australia's Venomous Creatures Contribute to Life-Saving Antivenom Programme
The Spanish Were Right: Long Working Hours Harm Brain Function
Did Former FBI Director Call for Violence Against Trump? Instagram Post Sparks Uproar
US and UAE Partner to Develop Massive AI Data Center Complex
Apple's $95 Million Siri Settlement: Eligible Users Have Until July 2 to File Claims
US and UAE Reach Preliminary Agreement on Nvidia AI Chip Imports
President Trump and Elon Musk Welcomed by Emir of Qatar Sheikh Tamim with Cybertruck Convoy
Strong Warning Issued: Do Not Use General Chatbots for Medical, Legal, or Educational Guidance
Saudi Arabia Emerges as Global Tech Magnet with U.S. Backing and Trump’s Visit
This was President's departure from Saudi Arabia. The Crown Prince personally escorted him back to the airport.
NVIDIA and Saudi Arabia Launch Strategic Partnership to Establish AI Centers
Trump Meets Syrian President Ahmad al-Shara in Historic Encounter
Trump takes a blow torch to the neocons and interventionists while speaking to the Saudis
US and Saudi Arabia Sign Landmark Agreements Across Multiple Sectors
Why Saudi Arabia Rolled Out a Purple Carpet for Donald Trump Instead of Red
Elon Musk Joins Trump Meeting in Saudi Arabia
Trump says it would be 'stupid' not to accept gift of Qatari plane
Quantum Computing Threatens Bitcoin Security
×