19 Hrs
Source:
الاقتصادية
Saudi Arabia invests $150M in Yemen's power sector
Saudi Arabia and Yemen signed an agreement to supply petroleum derivatives valued at $150 million, aimed at supporting the operation of more than 70 power stations in Yemen. This support seeks to enhance the stability of electricity services and improve living conditions, especially amid rising temperatures. It also includes backing PetroMasila to achieve the sustainability of its services. This initiative is part of a series of Saudi grants directed towards Yemen’s energy sector since 2018, with the goal of alleviating the suffering of the population and promoting economic growth.
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