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KSA announces development projects worth $400m in Yemen

Republican Yemen

The Kingdom of Saudi Arabia announced on Thursday a package of development projects worth $400 million to be implemented in Yemen, Saudi Press Agency (SPA) reported.

The announcement came following a meeting between Rasha Al Alimi, head of Yemen’s Presidential Leadership Council, and Saudi Arabia’s Deputy Minister of Defense Prince Khalid Bin Salman in Riyadh.

The development projects will be implemented by The Saudi Development and Reconstruction Program for Yemen (SDRPY).

“Based on our leadership’s support for the efforts of H.E the Yemeni President, members of the council, and the Yemeni government, the Kingdom is announcing a number of vital developmental projects in Yemen,” Prince Khalid said. “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.”

Al Alimi, for his part, said it was a “productive” meeting that reflects the strong ties between the two countries.

“We believe that this support will be a step to mitigate the suffering of our people,” said Al Alimi.

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