Saudi Defense Minister Prince Khalid bin Salman announced on Thursday that the Kingdom was providing new financial support to Yemen, worth 347 million dollars, to cover government employee salaries and budget relief.
The move reflects Riyadh’s ongoing support to the Yemeni economy given the mounting financial challenges.
In a post on the X platform, Prince Khalid said the latest gesture sought to meet the Yemeni government’s urgent need to secure the payment of its employees.
The initiative aims to ease economic pressure and achieve as much financial stability as possible given the complex economic difficulties the country is enduring, he added.
The new aid will cover salaries and operational costs, limit budget imbalances and support economic and social recovery in the medium-term.
Chairman of the Presidential Leadership Council Dr. Rashad al-Alimi expressed his gratitude to Saudi Arabia for its latest support, saying it embodies the depth of the strategic partnership that binds their countries.
“It reflects the Kingdom’s commitment to support Yemen during a critical time that demands strengthening of state institutions and of economic performance,” he added in a post on X.
“The support is a strong message of trust in the government’s reform efforts and the national institutions’ ability to reclaim their role,” he stressed.
“The relationship with Saudi Arabia has become a long-term strategic choice that will build a more sustainable economy, bolster security and stability and back reconstruction and development efforts,” he went on to say.
Al-Alimi underlined the importance of unifying national efforts around this partnership, saying it was a main foundation for restoring state institutions and improving public services.
