Saudi Arabia will provide oil derivatives to Yemen and the Arab Coalition will provide the Central Bank of Yemen with a deposit, officials confirmed during a meeting held at the headquarters of the Saudi Foreign Ministry in Riyadh on Tuesday.
The meeting was attended by a number of ambassadors and members of the diplomatic corps. It was chaired by Saudi Ambassador to Yemen Mohammed bin Saeed Al Jaber, who also serves as director of Comprehensive Coordination of Humanitarian Affairs in Yemen, and spokesman for the Coalition Forces to Support Legitimacy in Yemen Col. Turki Al-Malki.
It dealt with aspects of the humanitarian operations in Yemen, which are aimed at meeting the needs of the Yemeni people in all regions and delivering commercial shipments and oil derivatives to all Yemeni areas, including Sanaa and Hodeidah.
The meeting also explained that the humanitarian plan aims at the restoration of trade flows and the humanitarian situation to the way it was before November 6.
According to a statement issued Tuesday, Saudi Arabia will provide oil derivatives to Yemen to support the economy and alleviate the suffering of the Yemeni people. The coalition will provide the Central Bank of Yemen with a deposit to maintain control of the exchange rates and improve the living conditions of the people.
The goals of the plan takes into consideration the threat posed by Iranian-backed Houthi militias to the security of the Kingdom of Saudi Arabia, the countries of the region and international water trade routes.
The Houthi militias had fired more than 250 ballistic missiles, at least 80 of which targeted the Kingdom.
Officials said that Saudi humanitarian contributions amounted to more than $900 million, including direct and indirect aid to Yemeni displaced people and joint programs with the legitimate Yemeni government worth more than eight billion dollars.
The comprehensive humanitarian plan for Yemen includes delivering four World Food Program (WFP) mobile cranes and installing them in Hodeidah port.
The plan aims to increase the capacity of Yemeni ports and allow the country to receive imports amounting to 1.4 million tons per month compared to 1.1 million tons per month in 2017.
It also aims to increase the capacity of the ports in Aden, Mukalla and Mokha to 500,000 tons per month of oil derivatives as soon as possible, up from 250,000 tons per month in 2017.