Saudi Arabia provides over SAR 224 million in new support for Yemen's budget
Saudi Arabia has delivered a new payment of more than SAR 224 million to support Yemen’s budget through the Saudi Program for Development and Reconstruction of Yemen.
Key Takeaways
AI
Acting on the directives of the Saudi leadership, Saudi Arabia has provided a new payment of more than 224 million riyals (SAR) to support Yemen’s budget through the Saudi Program for Development and Reconstruction of Yemen. The funds are allocated to cover operational expenses and salaries, reflecting the Kingdom’s commitment to stability and prosperity for the Yemeni people.
This support aims to help maintain regular government financial flows and salary payments, strengthen fiscal policy efficiency, and encourage economic and social development on a more sustainable path. The economic assistance is expected to boost purchasing power, ensure steady household incomes, and stimulate commercial markets.
Saudi Arabia remains Yemen’s largest historical supporter in humanitarian, development, and economic fields. Saudi interventions, valued at over $12.6 billion between 2012 and 2026, have been fundamental in enhancing the capacity of Yemeni institutions to continue providing services, easing economic and social pressures. This includes deposits and grants to the Central Bank of Yemen to help achieve fiscal balance and support macroeconomic stability in the country.
Development initiatives through the Saudi Program for Development and Reconstruction of Yemen have had a positive impact in establishing the foundations of sustainable development, reducing humanitarian and economic challenges, and achieving comprehensive growth that benefits both current and future generations.
The Saudi Program for Development and Reconstruction of Yemen has launched a range of projects and initiatives across eight vital sectors, totaling 300 development projects and initiatives. These efforts have improved infrastructure and essential services, built the capacities of Yemeni professionals, and created job opportunities, all contributing to sustainable and inclusive development for the people of Yemen.
