Government, IFM annual meetings conclude in Amman
The annual consultative meetings between the government team and the International Monetary Fund (IMF) mission concluded today, Thursday, in Amman, Jordan.
Gaza Civil Defense says remains of 137 martyrs recovered in Rafah since ceasefire
The Gaza Civil Defense announced that the bodies and remains of 137 have been recovered from the city of "Rafah" in the southern Gaza Strip since the ceasefire began.
China leads world in production, sales of new energy vehicles
China has ranked first in the world for ten consecutive years, in terms of the production volume and sales volume of new energy vehicles, which amounted to 12.888 million units and 12.866 million units, respectively.
Liverpool Qualifies for Champions League round of 16
Liverpool FC qualified for the last 16 of the UEFA Champions League after defeating its guest Lille of France 2-1 in the match that brought them together at Anfield Stadium in Liverpool.
User Name: Password:
A statement from the Republic Presidency about the Fast-Track to absorb Saudi- Emirati support
[30/06/2022 07:23]

ADEN - SABA
An authoritative official source in the Presidential Leadership Council said the brethren in the Kingdom of Saudi Arabia (KSA) agreed to adopt a fast-track to absorb the Saudi-Emirati finances estimated at three billion and 300 million USD, commencing with a package of developmental projects and oil shipments to operate government-owned electricity generate stations.

The statement noted that His Excellency President Rashad al-Alimi, Chairman of the Presidential Leadership Council (PLC) received today, Thursday, in his residence in Riyadh the Vice Minister of Defense in the Kingdom of Saudi Arabia (KSA) His Royal Highness Prince Khaled bin Salman bin Abdulaziz.

The PLC's members Sultan al-Erradah, Abdullah al-Alim and Othman Mujalli were in presence."
Prince Khaled bin Salman conveyed the noble directives of the Custodian of the Two Holy Mosques King Salman bin Abdulazia and His Crown Prince, His Royal Highness Prince Mohammed bin Salman about endorsing a plan for the urgent developmental intervention in Yemen.

Under the urgent paln, the brothers agreed to support a package of developmental projects with total cost $400 million in addition to 200 million to secure fuels of the government-run power stations in the government-held governorates.

The plan includes 17 developmental projects and programs in 6 crucial sectors as follow:
First the: Endorsement the proposal of the urgently needed developmental projects:
The Saudi Program for Development and Reconstruction Yemen (SPDRY) is launching a package of the crucial projects that serve all governorates, with giving priority to the temporary capital Aden, the sector include ( energy, transport, education, water, health and building the state's institutions).

The work shall be started on the following projects:
1-Project of establishing electricity generate station operate on gas in Aden.
2- Project of establishing the network of medium voltage in Aden governorate.
3-Project for establishing the distribution network of low voltage in Aden.
4-Project of establishing the distillation of sea water for Aden city with total capacity 10 thousand cubic meters.
5- Project of developing Aden airport second (phase).
6- Project to improve the efficiency of the aviation and telecoms in Aden international airport.
7-Project of carrying out the marine road in the Aden city.
8-Project of enlightening the raods with solar energy systems in Aden governorate.
9-Project of bolstering water resources by using clean energy in Aden governorate.
10-Project of building-up the state's institutions.
11-Project of establishing sporting venues for youths in Aden governorate.
12-Project of establishing center for rehabilitating the disabled children in Aden governorate.
13-Project of operating and administering al-Gumhory Hospital in Aden.
14-Project of establishing and furnishing the University Hospital and the Cancer Center at Hadramout University.
15-Project of establishing center for tumors treatment in Taiz governorate.
16-Project of establishing and furnishing medicine college in Taiz governorate.
17-Project of carrying out Taiz-al-Kadaha- al-Mokha highway in Taiz governorate.

Second: Insuring operating electricity generate stations:
Ministry of Electricity and Energy and General Corporation for Electricity and its all branches to make urgent benefit from the shipment of oil fuels provided by the SPDRY with an amount of ($30)million to secure operation electricity generate stations out of total amount ($200) million for this same purpose during upcoming stage.

Third: Sustainable oil derivatives fund:
The Yemeni government and all authorities in charge in the Republic of Yemen are urged to accomplish the procedures about the oil derivatives fund with total amount ($900) million the Kingdom of Saudi Arabia pledged ($600) and United Arab Emirates pledged $300).

Fourth: Deposit into the Central Bank of Yemen CBY):
The CBY is ordered to accelerate necessary reforms to use the Saudi-Emirati deposit totaling ($2bllion) in order to transform the funds into the CBY' account.

High committee will be created to follow-up the implementation of this urgent plan.


Government, IFM annual meetings conclude in Amman
Al-Zubaidi confers with Swiss Special Envoy to Middle East over developments in Yemen
Yemen welcomes White House decision to designate Houthis FTO
PM chairs a meeting with some executive directors at IMF HQ
President al-Alimi welcomes re-designation Houthis as a foreign terrorist organization
Foreign Minister discusses latest developments with Omani several minsters
Maj. Gen. al-Zubaidi meets Foreign Ministers of Jordan and Indonesia
Amb. Major participates in annual ceremony of Swiss Confederation
PM seeks active partnership with UN
FM receives a copy of the credentials of the Sudanese Ambassador

About Saba News Agency | Usage Agreement | Contact Us