The Yemeni governorate of Socotra on Friday received the first shipment of fuel products provided under a Saudi grant through the Saudi Program for the Development and Reconstruction of Yemen (SPDRY).
The grant will support electricity generation in several districts and cover power generation stations across Yemen’s governorates.
The fuel grant comes as part of a recently announced Saudi package of developmental and economic support, comprising 28 development projects and initiatives valued at 1.9 billion Saudi riyals.
The program has signed an agreement with Yemen’s Ministry of Energy and Electricity to purchase fuel products from PetroMasila to supply more than 70 power generation stations across various governorates.
The initiative aims to strengthen institutional capacity, support the stability of the electricity sector and continuity of services, ensure the operation of vital national facilities, and stimulate economic recovery and growth in the country.
The total volume of fuel products amounts to 339 million liters of diesel and fuel oil, valued at $81.2 million, to operate power plants in different governorates. The supplies are expected to enhance the efficiency of government institutions and boost Yemen’s economy.
The grant is expected to have a positive impact on improving services for Yemenis by increasing the reliability of electricity supply for hospitals, medical centers, roads, schools, airports, and ports, as well as strengthening economic and commercial activity.
SPDRY has previously provided fuel grants worth $180 million in 2018, $422 million in 2021, and $200 million in 2022, in addition to the current grant for 2026.
