Islamic Development Bank Resumes Financing of 3 Strategic Projects In Yemen

Part of the meeting of the Saudi and Yemeni Ministers of Planning and Economy (SPA).
Part of the meeting of the Saudi and Yemeni Ministers of Planning and Economy (SPA).
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Islamic Development Bank Resumes Financing of 3 Strategic Projects In Yemen

Part of the meeting of the Saudi and Yemeni Ministers of Planning and Economy (SPA).
Part of the meeting of the Saudi and Yemeni Ministers of Planning and Economy (SPA).

A Yemeni government official said that the Islamic Development Bank Group agreed to resume financing three strategic and vital projects in the south of the country, in the areas of agriculture, water and sanitation, in addition to rural development.

Dr. Nizar Basuhaib, Deputy Minister of Planning and International Cooperation, said in remarks to Asharq Al-Awsat that a meeting held in Jeddah with the Islamic Development Bank management resulted in the approval of resuming several strategic projects in Yemen that would have a significant impact on improving the life of the population.

“We had a fruitful meeting with the Islamic Bank in Jeddah, and it was agreed to activate three important and strategic projects for Yemen, including the agricultural project in Abyan, the water and sanitation project in Lahij, and rural development in several liberated governorates,” he stated.

Basuhaib noted that the Yemeni delegation visiting Saudi Arabia, headed by Dr. Waed Badheeb, Minister of Planning and International Cooperation, also met with Muhammad Al Jaber, the Saudi ambassador to Yemen and the general supervisor of the Saudi Development and Reconstruction Program for Yemen (SDRPY), to discuss the project efforts in the country.

“Discussions included strategic planning between the two countries, investments and strategic projects, in addition to raising the capabilities of empowerment, training and rehabilitation,” he underlined, adding that the meeting was successful.

He added that both sides have agreed to develop “a joint strategic plan in the areas of economy and investment, enhance training and rehabilitation, and exchange experiences.”



Saudi Arabia Reiterates its Support to Lebanon, Syria and Their People

Prince Mohammed bin Salman, Crown Prince and Prime Minister, chairs the cabinet meeting in Riyadh. (SPA)
Prince Mohammed bin Salman, Crown Prince and Prime Minister, chairs the cabinet meeting in Riyadh. (SPA)
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Saudi Arabia Reiterates its Support to Lebanon, Syria and Their People

Prince Mohammed bin Salman, Crown Prince and Prime Minister, chairs the cabinet meeting in Riyadh. (SPA)
Prince Mohammed bin Salman, Crown Prince and Prime Minister, chairs the cabinet meeting in Riyadh. (SPA)

The Saudi government underscored on Tuesday the Kingdom’s support to Lebanon and Syria and their people and efforts to help them reclaim their natural position in their Arab and international fold.

Prince Mohammed bin Salman, Crown Prince and Prime Minister, chaired the cabinet meeting that was held in Riyadh.

The cabinet reviewed the visits carried out by Foreign Minister Prince Faisal bin Farhan bin Abdullah to Lebanon and Syria last week.

Crown Prince Mohammed briefed the ministers on the telephone talks he held with US President Donald Trump and the meeting he held with Italian Prime Minister Giorgia Meloni.

Discussions focused on developing relations between their countries and on regional and international developments.

The cabinet hoped that the establishment of the Saudi-Italian Strategic Partnership Council will boost bilateral communication and cooperation at all levels, ultimately achieving common interests and benefits.

The cabinet praised the participation of the Kingdom's delegation in the annual meeting of the World Economic Forum (WEF) in Davos, Switzerland, which highlighted the ongoing advancements in fulfilling the objectives of the Kingdom Vision 2030, as well as the initiatives and contributions that are reshaping the global economic landscape, fostering transformational innovation, and unleashing human potential.

Moreover, the cabinet deemed the announcement that the Kingdom will host the World Economic Forum’s global meeting on a regular basis as an affirmation of its leadership as a global hub for international dialogue, highlighting its role in shaping the global development agenda and bolstering multilateral action to achieve prosperity for all.