KSA Approves PKR 37.4 Bn for Construction of Mohmand Dam
According to news reports, the Kingdom of Saudi Arabia (KSA) has granted PKR 37.4 billion for the construction of the 800MW Mohmand Dam in Islamabad.
Nawaf bin Saeed Al-Malkiy, the SAUDI ambassador to Pakistan, announced that the Saudi Fund for Development (SFD) is accessible at a 2% interest rate with a 25-year return period. In order to strengthen trade ties, the Saudi ambassador promised Pakistan assistance on all fronts.
The Water and Power Development Authority is constructing the dam on the Swat River in Mohmand district, Khyber Pakhtunkhwa, at the moment (WAPDA). The previously mentioned project will irrigate 16,000 acres of land and promote agriculture in the region.
The project was approved in March 2019 with a budget of $2.2 billion, and the foundation was poured in May 2019. The scheduled date of commissioning is July 2024.
In addition, Minister of Economic Affairs Omar Ayub noted that the dam will improve the energy security and hydroelectric potential of the region. Mr. Ayub told the reporters that the administration is concentrating on the production of environmentally friendly and cost-effective electricity.
The Mohmand dam is anticipated to solve the flooding issue in the regions of Charsadda, Naushera, and Peshawar.
For more information, please get in touch with Al Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005