Saudi Arabia welcomes Hadi's decision and announces $3 billion in support for Yemen

7 April, 2022
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Saudi Arabia welcomes Hadi's decision and announces $3 billion in support for Yemen

Saudi Arabia welcomed Yemeni President Abd Rabbo Mansour Hadi's issuance of a declaration today, Thursday, establishing the Presidential Leadership Council, and announced the provision of urgent support to the Yemeni economy in the amount of 3 billion US dollars.


And Saudi Arabia announced that it had decided to provide urgent support to the Yemeni economy in the amount of 3 billion US dollars, as follows: stability in the Republic of Yemen and an end to the Yemeni crisis.”

First - Providing $2 billion, divided equally between Saudi Arabia and the UAE, in support of the Central Bank of Yemen.

Second - providing one billion US dollars from the Kingdom, including 600 million dollars for the Fund to support the purchase of oil derivatives, and 400 million dollars for projects of development initiatives.


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