Saudi Fund for Development Grants $40M for King Salman Hospital in Pakistan
Saudi Arabia grants $40M for King Salman Hospital in Pakistan’s Hazara district. Riyadh also renews a $1.2B oil payment facility to support Pakistan’s economy.
Saudi Arabia’s Economic Support for Pakistan
- $40M SFD Grant: Funding allocated for King Salman Hospital in Hazara.
- $1.2B Oil Facility: Saudi Arabia extends Pakistan’s deferred oil payment agreement.
- $1.4B SFD Investment: Supporting energy, water, transport, and infrastructure projects.
New Saudi-Pakistan Development Projects
Gravity Flow Water Supply Scheme (Mansehra): Pakistan secures a $41 million loan from SFD to provide clean drinking water to 150,000 residents.
Skill Training for Pakistani Workers: Saudi Arabia will introduce training programs to equip Pakistani workers with modern skills aligned with Vision 2030.
Why This Matters?
- Improves Pakistan’s healthcare and infrastructure.
- Reduces economic burden with Saudi’s oil payment support.
- Creates employment opportunities for skilled Pakistani workers.
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