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Saudi Arabia Announces $3 Billion in Urgent Support to Yemen

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Saudi Arabia Announces $3 Billion in Urgent Support to Yemen

Saudi Arabia welcomed the announcement of Yemeni President Abd Rabbo Mansour Hadi on launching the Presidential Council under the Yemeni constitution and the Gulf initiative and its executive mechanisms.

The Kingdom confirmed its full support for the Presidential Council and its supporting entities to enable it to exercise its duties in implementing effective policies and initiatives to achieve security and stability in Yemen and end the crisis, reported the Saudi Press Agency (SPA).

In this regard, Saudi Arabia announced providing urgent $3 billion support to the Yemeni economy.

The support includes $2 billion from Saudi Arabia and UAE to support the Central Bank of Yemen. The Kingdom will also grant $1 billion for petroleum products and development.

Riyadh called for an international conference to support Yemen's economy and said it would give $300 million to the United Nations aid response to Yemen's humanitarian crisis.

It aims to alleviate the suffering of the Yemeni people and improve their living and service conditions, calling for an international conference to mobilize the financial resources necessary to support the Yemeni economy and the Central Bank of Yemen and provide oil derivatives.

The Kingdom urged the Presidential Council to start negotiations with the Houthis under UN supervision to reach a final and comprehensive political solution that includes a transitional period that will move Yemen to peace and development and for the Yemeni people to enjoy security and stability.

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Saudi Arabia Pursues Efforts to Quell Sudan Crisis

Saudi Deputy Foreign Minister Waleed Al-Khuraiji at the Second Consultative Meeting on Enhancing Coordination of Peace Initiatives and Efforts in Sudan (SPA)
Saudi Deputy Foreign Minister Waleed Al-Khuraiji at the Second Consultative Meeting on Enhancing Coordination of Peace Initiatives and Efforts in Sudan (SPA)
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Saudi Arabia Pursues Efforts to Quell Sudan Crisis

Saudi Deputy Foreign Minister Waleed Al-Khuraiji at the Second Consultative Meeting on Enhancing Coordination of Peace Initiatives and Efforts in Sudan (SPA)
Saudi Deputy Foreign Minister Waleed Al-Khuraiji at the Second Consultative Meeting on Enhancing Coordination of Peace Initiatives and Efforts in Sudan (SPA)

Saudi Deputy Foreign Minister Waleed Al-Khuraiji reaffirmed the Kingdom’s ongoing efforts to resolve the Sudanese crisis. He expressed Saudi Arabia’s openness to international initiatives aimed at bringing peace to Sudan.
At the Second Consultative Meeting on Enhancing Coordination of Peace Initiatives and Efforts in Sudan, held in Djibouti, Al-Khuraiji discussed the Kingdom’s ongoing efforts to resolve the Sudanese crisis.
He mentioned that Saudi Arabia, in partnership with the United States, facilitated talks between the Sudanese Armed Forces and the Rapid Support Forces, leading to the Jeddah Declaration on May 11, 2023, which aimed to protect civilians.
Al-Khuraiji also noted the continuation of talks with the involvement of the African Union and IGAD, emphasizing Saudi Arabia’s support for African-led solutions.
He reiterated Saudi Arabia’s commitment to restoring stability in Sudan and urged all parties to act with wisdom, show restraint, and support positive initiatives.
Al-Khuraiji also met with EU Special Representative for the Horn of Africa, Annette Weber, on the sidelines of the consultative meeting.
In separate meetings, he also met with the UN Envoy for Sudan, Ramtane Lamamra, and US Special Envoy for Sudan, Tom Perriello.
During these meetings, they reviewed the latest developments in Sudan, explored ways to strengthen bilateral cooperation, and discussed topics of mutual interest.
The Sudanese Coordination of Civil Democratic Forces (Taqaddum) expressed support for international and regional meetings, hoping they would bring positive results to ease the suffering of the Sudanese people.
They urged the need that discussions focus on ensuring humanitarian aid reaches those in need, protecting civilians, and achieving an immediate ceasefire.
Taqaddum highlighted the importance of international legal frameworks for civilian protection and safe passageways during the conflict.
They called on international and regional partners to quickly bring both sides back to negotiations, build on the Jeddah agreements, and secure a binding ceasefire with effective monitoring.
Taqaddum also stressed the need for a unified negotiation platform to achieve peace.