Skip to content Skip to Search
Skip navigation

Saudi fund to invest $101m in Pakistan’s green projects

SFD CEO Sultan Abdulrahman Al-Marshad and Pakistan's ministry of economic affairs secretary Dr Kazim Niaz at the agreement signing ceremony SPA
SFD CEO Sultan Abdulrahman Al-Marshad and Pakistan's ministry of economic affairs secretary Dr Kazim Niaz at the agreement signing ceremony

The Saudi Fund for Development (SFD) will provide $101 million in soft loans to support Pakistan’s green energy projects.

The first agreement is for an investment of $66 million to construct the 48 megawatts (MW) Shounter Hydropower station, which will be connected to Pakistan’s national electricity grid, the state-run Saudi Press Agency reported.



The project involves dam construction, water diversion, purification structures, excavation of the main water transport tunnel, powerhouse and discharge tunnel construction and transmission line supply.

The second loan agreement of $35 million will help establish the Jagran-IV Hydropower project, which has a capacity of 22 MW.

The project entails the construction of a dam, powerhouse, water diversion, and purification building, as well as providing generators, transformers, necessary equipment and transmission lines.

Since 1976, the SFD has supported 41 development projects and programmes in Pakistan through soft loans and grants worth more than $1.4 billion.

Latest articles

The funding of Midas is among the 'biggest ever' Series A fund raise by a Turkish fintech

Turkish fintech Midas raises $45m for new products

Turkish fintech startup Midas has raised $45 million in equity funding to expand its services and launch new products. The new products include cryptocurrency trading, mutual funds and savings accounts. The funding is among the “biggest ever” Series A fund raise by a Turkish fintech and comes less than three years after Midas was launched.  […]

Plenary founder and director Paul Oppenheim, Plenary CEO David Lamming and Ahmed Ali AlShamsi, director of energy and utilities at ADQ

ADQ buys stake in Australian investment company

The UAE’s investment fund ADQ has acquired a 49 percent stake in Australian infrastructure investor Plenary Group as part of its expansion drive. The Abu Dhabi state-backed company will acquire all shares currently owned by Canadian pension fund Caisse de dépôt et placement du Québec, which will continue to invest in a range of Plenary’s […]

Over 400 global food brands are taking part in the SaudiFood Manufacturing show in Riyadh this month

Saudi Arabia’s food factory count rises to 1,300

The total number of food factories operated by the Saudi Authority for Industrial Cities and Technology Zones (Modon) has reached 1,300, across 36 cities. The increase signifies the growing capacity of the domestic food industry and its localisation efforts, the state-run Saudi Press Agency reported. Food industry companies have recorded a growth rate of more […]

Garden, Nature, Outdoors

UAE commits $50m to development fund

The UAE has committed $50 million to the second phase of the Lives and Livelihoods Fund 2.0 (LLF 2.0), a multi-donor initiative targeting sustainable economic development in the Islamic Development Bank’s (ISDB) 57 member countries. The funding will be deployed by LLF 2.0 to support critical projects in health and infectious diseases, agriculture, and social infrastructure in low […]