Riyadh, 2 July 2022 (TDI): Saudi Arabia announced $400 million packages of developmental programs in Yemen to boost the economy.
Prince Khalid bin Salman, the Deputy Minister of Defense, tweeted on Thursday:
The initiatives include 17 development projects in 6 sectors, valued at $400M, in addition to $200M in oil derivatives for power stations, affirming KSA’s unwavering commitment to alleviate the suffering in Yemen and achieve security, peace, stability, and economic development.
— Khalid bin Salman خالد بن سلمان (@kbsalsaud) June 30, 2022
The developmental projects were announced in a meeting between the head of Yemen’s Presidential Leadership Council, Dr. Rashad Al Alimi, and the Kingdom of Saudi Arabia’s deputy defense minister, Prince Khalid bin Salman.
The developmental projects include transportation, energy, education, healthcare, and water.
These projects aim to elevate the social and economic conditions in war-torn Yemen. The projects will be carried out by the Saudi Development and Reconstruction Program for Yemen (SDRPY).
Additional support is also provided in the energy sector to operate power plants to help meet the needs of the Yemeni people.
Saudi Arabia’s keen support for Yemen
Yemen has been struggling with multiple challenges for decades. High poverty rates, food insecurity, and fragile infrastructure, amongst other challenges, have limited development.
Due to these challenges, Yemen has become the world’s least developed countries.
According to the UN, “The seven-year conflict in Yemen has resulted in more than 150,000 causalities with millions of civilians as displaced persons.”
The efforts for development in Yemen by the Kingdom of Saudi Arabia reflect the keen desire of the Kingdom to alleviate the economic, social, and political situation in the country.
Prince Khalid bin Salman also conveyed the greetings of the custodian of the Two Holy Mosques, King Salman bin Abdulaziz and Crown Prince Mohammad bin Salman, Deputy Prime Minister and Minister of Defense to the Yemeni Presidential Leadership Council, Dr. Rashad Al Alimi.
Prince Khalid bin Salman also expressed his hope for the people of Yemen to achieve peace, security, and stability.
Mohammad Saeed Al Jaber, Kingdom of Saudi Arabia’s ambassador to Yemen also attended the meeting.