ISLAMABAD:
Saudi Ambassador Nawaf bin Said Al-Malki on Friday reaffirmed Riyadh’s unwavering support for Pakistan’s development journey.
Speaking at a ceremony marking the signing of consulting services contracts to support development projects in Pakistan – financed by the Saudi Fund for Development (SFD) – Al-Malki said the projects would provide vital services, boost economic growth, and contribute to the well-being of the Pakistani people.
The Saudi Fund for Development (SFD) has signed consultancy service contracts for three major projects in Pakistan — the King Salman Hospital in Tarlai and the Shounter and Jagran hydropower projects in Azad Jammu & Kashmir — with a combined financing package worth $121 million.
The King Salman Hospital will be funded through a $20 million grant from the Kingdom of Saudi Arabia, while the Shounter and Jagran hydropower projects will receive concessional loans of $66 million and $35 million respectively.
