Saudi Arabia Announces $400m New Development Plan For Yemen

The Kingdom of Saudi Arabia announced a $400 million package of development projects for Yemen and it would be channeled through several schemes in areas of energy, transportation, education, water and healthcare.

The funding will be allocated through the Saudi Development and Reconstruction Program in the war-hit country and it would benefit Yemen politically, economically and socially.

Rashad Al Alimi, head of Yemen’s Presidential Leadership Council met and thanked the Kingdom’s Deputy Defense Minister Prince Khalid Bin Salman for all-time cooperation to Yemen.

During the meeting in Riyadh, Alimi said that Yemen needs such development projects in every area and appreciated Kingdoms’ continued support to Yemen’s peace, security and economy.

The two sides also discussed the latest political development in Yemen, in which Alimi said that it’s time for “Yemenis to reach a comprehensive political solution,” to end the longstanding war in their country.

The warring parties in Yemeni have agreed to renew a nationwide UN-brokered ceasefire for another two months, a development that offered a glimmer of hope to end the eight years deadly civil war in the country.

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