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A statement from the Republic Presidency about the Fast-Track to absorb Saudi- Emirati support
[30/06/2022 07:23]

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.

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