Within the framework of the efforts of the Saudi Program for the Development and Reconstruction of Yemen, it continues to work to enhance stability and development in the country by signing two new agreements aimed at improving infrastructure and providing economic opportunities for citizens. These agreements seek to support vital projects that contribute to rebuilding society, enhancing food security and providing basic services. This step is considered part of the Kingdom of Saudi Arabia’s commitment to Yemen and its people in achieving sustainable development and building a better future for all.
Development agreements between the Saudi program and the Yemeni government
The Saudi Development and Reconstruction Program for Yemen and the Yemeni government signed two development agreements and a memorandum of cooperation. These agreements aim to support the Yemeni government’s efforts to enhance economic stability, improve basic services, and build institutional capabilities. This step comes within the framework of the continuous support provided by the Kingdom of Saudi Arabia to the Yemeni people, which reflects the Kingdom’s commitment to stability and development in the region.
Budget support and oil derivatives
The signed agreements included an agreement to support the Yemeni government’s budget deficit, in response to the government’s priorities in facing urgent economic and development challenges. This agreement also aims to lay the foundations for economic, financial and monetary stability in Yemen, in addition to an agreement to supply the government with the oil derivatives necessary to operate power plants in various governorates, which contributes to improving the level of services and increasing electricity operating hours, and reduces the burden on the bank. The Central Bank of Yemen provides hard currency to purchase fuel from global markets.
Strengthening cooperation with the Ministry of Interior
The agreements also included a memorandum of cooperation between the program and the Yemeni Ministry of Interior. This memorandum aims to support the ministry’s efforts in building its technical and technical institutional capabilities, and transfer expertise with counterpart agencies in the Kingdom of Saudi Arabia, which contributes to raising the efficiency of institutional performance and developing the ministry’s infrastructure. This cooperation reflects the Kingdom of Saudi Arabia’s keenness to support the Republic of Yemen in various vital fields, contribute to building and developing Yemeni institutions, and achieve stability. Economic.
Achievements of the Saudi program
It is worth noting that the Saudi Program for the Development and Reconstruction of Yemen presented (265) development projects and initiatives in (8) basic and vital sectors, such as education, health, water, energy, transportation, agriculture and fisheries, and developing and supporting the capabilities of the Yemeni government, which reflects the Kingdom’s pioneering role in supporting development and stability in Yemen, and contributes to improving the level of services provided to the Yemeni citizen.
