_1777294237270_124456903.png&w=64&q=75){kind=small}
Kingdom allocates 224M riyals for Yemen
The Kingdom of Saudi Arabia has sought to support the Yemeni economy by providing over 224 million Saudi Riyals through the Saudi Program for the Development and Reconstruction of Yemen. This funding aims to cover operational expenses and salaries to reinforce financial stability and ensure regular salary payments, thereby contributing to economic and social growth. It also helps improve purchasing power, stabilize household incomes, and activate markets. Saudi Arabia is the largest supporter of Yemen, with contributions exceeding $12.6 billion since 2012, including deposits and grants to the Central Bank of Yemen, with the goal of achieving fiscal balance and supporting macroeconomic stability there. Additionally, the program has launched more than 300 developmental projects across eight key sectors to strengthen infrastructure and create employment opportunities, fostering sustainable and comprehensive development in Yemen.
Notice: This Is an AI-Generated Summary
Comments (0)