Islamabad: Pakistan is seeking a USD $3.5 billion loan from Saudi Arabia to help build the Diamer-Bhasha Dam. During a visit by a Saudi delegation, Pakistani officials made the request, as reported by news sources. Saudi Arabia will review the proposal with their financial advisor before responding.
According to details, the dam project costs USD 8 billion, with USD 4 billion coming from outside Pakistan. Pakistan has secured USD 500 million through a Euro Bond. Pakistan is asking for $2.3 billion from Saudi Arabia as a low-interest loan and an additional USD 1.2 billion as equity. Saudi Arabia has already contributed USD 240 million to the project.
Once completed, the dam will be Pakistan’s largest and the world’s tallest Roller Compacted Concrete dam. It will generate 4,500 megawatts of electricity and store ample water to support Pakistan’s energy and water needs.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
