Riyadh: Saudi Foreign Minister Saud Al-Faisal has announced that Saudi Arabia will grant Yemen $3.25 billion as aid for development projects, media reported on Wednesday.
According to reports, in a speech delivered before participants of Yemen’s Friends meeting held on Wednesday in Riyadh, the minister said that assistance provided to Yemen aims at strengthening the state’s stability and security.
“I assert one more time our support to Yemen to back all the phases of the political initiative to help achieve security, stability and prosperity in facing the threats of extremism and terrorism,” Saud al-Faisal told envoys.
Another meeting, specifically directed at aid pledges, will be held in Riyadh in late June, with a ministerial meeting to follow on the side-lines of the United Nations General Assembly in September.
About 30 states and organization are taking in the meeting, in particular the oil-rich GCC states, the United States, the United Nations and the European Union
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