Saudi Arabia Provides 224 Million Riyals in Support of Yemen to Cover Expenses and Salaries

Saudi Arabia, through the Saudi Program for the Development and Reconstruction of Yemen, has provided a new tranche of support for the Yemeni budget amounting to more than 224 million Saudi riyals, allocated to cover operational expenses and salaries, "in the Kingdom's commitment to achieving stability and prosperity for the brotherly Yemeni people," according to the Saudi Press Agency (SPA).

The support aims to "contribute to the regularity of government financial flows and salary payments, and to support the efficiency of fiscal policy, which stimulates the progress of economic and social development towards a more sustainable path, and positively reflects on enhancing purchasing power, regular income for families, as well as revitalizing commercial markets."

SPA reported that the Kingdom is the largest historical supporter of Yemen in humanitarian, developmental, and economic aspects, noting that the developmental and economic interventions provided by the Kingdom, valued at over 12.6 billion dollars between 2012 and 2026, "have formed a fundamental pillar in enhancing the capacity of Yemeni institutions to continue providing services to the brotherly Yemeni people, and alleviating the severity of economic and social pressures, including deposits and grants for the benefit of the Central Bank of Yemen, achieving a level of financial balance and supporting macroeconomic stability in the brotherly Republic of Yemen."

Saudi Arabia and Yemen signed an agreement to supply petroleum derivatives to support the operation of electricity generation stations in various Yemeni governorates.

It added that the developmental interventions through the Saudi Program for the Development and Reconstruction of Yemen "have achieved a positive impact in establishing the foundations of sustainable development, reducing humanitarian and economic impacts, and achieving comprehensive development that benefits present and future generations."

The Saudi Program for the Development and Reconstruction of Yemen has presented a matrix of development projects and initiatives in eight vital and essential sectors, totaling 300 development projects and initiatives. These have contributed to enhancing the efficiency of infrastructure and basic services, building the capacities of Yemeni personnel, and providing job opportunities, which contributes to achieving sustainable and comprehensive development for our brothers in Yemen.