Economy Ministry Holds Press Event on Saudi Blockade Effects
The Ministry of Economy, Industry, and Investment of Yemen organized a press conference and an exhibition of photographs aimed at showcasing the significant economic losses suffered by the Yemeni economy due to the ongoing Saudi-American blockade over the past 12 years. The report confirmed that the losses exceeded $1.13 trillion, affecting all vital sectors such as foreign trade ($111 billion), industry ($82.5 billion), agriculture and livestock ($111 billion), and oil and minerals ($57 billion). Additionally, economic infrastructure—including airports, ports, roads, power stations, as well as health and educational facilities—was destroyed. These damages have led to disruption of production, a decline in investments, and increased rates of poverty and hunger, with over 31 million Yemenis facing the threat of famine. The event reaffirmed that the Yemeni people will not relinquish their rights, and efforts will continue to liberate the economy from the effects of the blockade. It also called for concerted efforts and the promotion of scientific dialogue to address the damages and restore economic activity.
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