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ICESCO Commends Saudi Initiative to Finance Development Projects in Yemen

ICESCO Commends Saudi Initiative to Finance Development Projects in Yemen
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ICESCO Commends Saudi Initiative to Finance Development Projects in Yemen

ICESCO Commends Saudi Initiative to Finance Development Projects in Yemen

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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Saudi FM Meets with Singaporean Counterpart, Signs MoU to Establish Strategic Partnership Council

The Saudi Minister of Foreign Affairs met on Wednesday with his Singaporean counterpart. SPA
The Saudi Minister of Foreign Affairs met on Wednesday with his Singaporean counterpart. SPA
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Saudi FM Meets with Singaporean Counterpart, Signs MoU to Establish Strategic Partnership Council

The Saudi Minister of Foreign Affairs met on Wednesday with his Singaporean counterpart. SPA
The Saudi Minister of Foreign Affairs met on Wednesday with his Singaporean counterpart. SPA

Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah met on Wednesday with Singapore’s Minister of Foreign Affairs Dr. Vivian Balakrishnan.

The two officials reviewed bilateral relations and discussed ways to enhance them in various fields to achieve the aspirations of the two leaderships and their peoples.

Following the meeting, the two ministers signed a memorandum of understanding to establish a Strategic Partnership Council between the two countries. This reflects the commitment of both the Kingdom and Singapore to advance their relations across multiple domains, and aims to increase the volume of trade exchange, which reached $1 billion in 2024, thereby opening new horizons for cooperation between the two nations.

The meeting concluded with a press briefing delivered by Prince Faisal, during which he highlighted that the establishment of the Strategic Partnership Council represents a valuable opportunity to enhance cooperation and partnership across various sectors, particularly within the framework of initiatives linked to Saudi Arabia’s Vision 2030.

Prince Faisal also emphasized that Singapore is one of the world’s most important financial hubs and that the Kingdom looks forward to continuing its collaboration with Singapore to achieve broader economic benefits.