Saudi Fund for Development gives Yemen loan for power projects

Aug 29, 2001 02:00 AM

Yemen and the Saudi Fund for Development will sign two loan agreements of $ 50 mm for establishing two electrical power stations in Sanaa and Aden, Deputy Minister of Planning and Development for projects sector Abdullah al-Shatir said. For this purpose, vice- chairman of Saudi Fund for Development Yusuf al-Bassam will arrive to sign the loan agreements.
"There are talks between Yemen and the Saudi Fund on the special loans to carry out a number of roads in some Yemeni governorates of $ 150 mm as well as establishing of vocational training institutes of $ 50 mm," Al-Shatir added.

It's worth noting that these agreements come as a result of accord between Yemen and Saudi Arabia that testifies that Saudi Arabia will give Yemen loan of $ 300 mm during the meetings of the 12th round of Yemeni-Saudi coordination council in last 20 June.
Saudi Fund for Development usually gives long-term soft loans for supporting developmental projects in Arab and Islamic poor countries.

Source: BBC Monitoring the Middle East
Alexander's Commentary

Change of face - change of phase

In the period of July 20 till August 3, 2015, Alexander will be out of the office and the site will not or only irreg

read more ...
« April 2020 »
April
MoTuWeThFrSaSu
1 2 3 4 5
6 7 8 9 10 11 12
13 14 15 16 17 18 19
20 21 22 23 24 25 26
27 28 29 30

Register to announce Your Event

View All Events