Mohmand Dam Fund – The Saudi Fund for Development (SFD) and Pakistan have signed a loan agreement worth 240 million dollars (70 billion rupees) for the Mohmand Dam project.
SFD Chief Executive Officer Sultan Abdul Rahman Al Murshid and Federal Secretary Economic Affairs Kazim Niaz signed the agreement in the presence of Saudi Arabian Ambassador Nawaf bin Saeed Al Maliki. The CEO of Saudi Fund emphasized on strong development cooperation between Saudi Arabia and Pakistan. The agreement is a link of ongoing cooperation by SFD for development projects and programs since its establishment in Pakistan.
