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ICESCO Commends Saudi Initiative to Finance Development Projects in Yemen

ICESCO Commends Saudi Initiative to Finance Development Projects in Yemen

Friday, 1 July, 2022 - 14:30

The Islamic World Educational, Scientific and Cultural Organization (ICESCO) has welcomed Saudi Arabia’s announcement to finance a set of development projects in Yemen.


Saudi Arabia announced on Thursday a number of vital development projects that will be implemented in Yemen, reported the Saudi Press Agency.


The Saudi Development and Reconstruction Program for Yemen (SDRPY) will implement 17 projects, worth $400 million, that cover six sectors, including energy, transportation, education, water, health, and building state institutions.


It will provide $200 million to provide oil derivatives to operate power stations to meet the needs of the Yemeni people and ease their suffering.


In a statement issued Friday, ICESCO praised the support plan, and reiterated willingness to cooperate with SDRPY and with the rest of the partners in implementing the project, especially in education, health and all related fields.


ICESCO congratulated the wise Saudi leadership and the people of the Kingdom for the generous support that enhances Yemen’s stability and unity.


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