dam project

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International

Saudi Arabia to finance $240 million Pakistan dam project

Saudi Arabia has signed an agreement to finance a Pakistani dam project, worth over $240 million. According to the Saudi Press Agency (SPA), the Mohmand Hydropower Dam Project on the Swat River in north-west Pakistan is to be funded through a "soft development loan." Financed by the Saudi Fund for Development (SFD), the project reportedly aims to enhance the supply of energy and water for agriculture and daily consumption, strengthen protection […]

today9 April 2023

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International News

Ethiopia, Egypt, Sudan reach ‘major common understanding’ on dam

Ethiopia's prime minister said on Tuesday his country, Egypt, and Sudan reached a "major common understanding which paves the way for a breakthrough agreement" on a significant dam project that has led to sharp regional tensions and fears of military confrontation. Egypt and Sudan view the dam as a serious threat to vital water supplies, while Ethiopia considers it essential for its electrification and development. The statement by Abiy Ahmed's […]

today22 July 2020

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