المملكة: The Kingdom maintains the stability of the Yemeni economy by supporting the energy sector
I put Saudi Arabia development and maintaining stability is at the top priority of bilateral relations with the Republic of Yemen, based on the keenness of the Custodian of the Two Holy Mosques and His Highness the Crown Prince – may God protect them – to improve the lives of the Yemeni brothers.
This comes to support the efforts of the Yemeni government to serve the brotherly Yemeni people, meet their needs, and alleviate the suffering of the Yemenis in light of the difficult economic conditions that their country faces.
The oil derivatives grant operates more than 70 power generation stations in various Yemeni governorates
The Kingdom’s provision of urgent support to Yemen comes with worth $150 million, to cover the needs of operating diesel and diesel power stations in various Yemeni governorates, in implementation of the directives of the wise leadership – may God protect them – and with the follow-up of His Royal Highness Prince Khalid bin Salman, Minister of Defense.
Supporting the Yemeni people
This support reflects the Kingdom’s firm approach to supporting the sisterly Republic of Yemen, supporting the Yemeni people, and alleviating their human suffering, especially in light of the rising temperatures, including It contributes to the stability of electricity services and the continuity of their operation, supporting the vital and service sectors related to electrical energy, and enhancing the elements of development and stability in Yemen.
The oil derivatives grant comes to support the electricity sector, enhance living and social stability, and raise the capacity and efficiency of Yemeni institutions
The support provided by the Kingdom of oil derivatives worth $150 million comes as an extension of the Kingdom’s continuous support to the brotherly Yemeni people and the granting of oil derivatives, to operate more than 70 power stations in various Yemeni governorates, as the Kingdom provided grants for oil derivatives in 2018 worth $180 million, and a grant in 2021 worth $422 million, in addition to a grant in 2022 worth $200 million, and a grant in 2026 worth $81.2 million.
Saudi oil derivatives
Saudi oil derivatives played an important role in the stability of the energy sector in Yemen and the continued operation of vital and service facilities, and contributed to enhancing the efficiency of government institutions, stimulating the Yemeni economy, and improving daily life in various Yemeni governorates.
Grants of petroleum derivatives provided by the Kingdom to Yemen have contributed positively to the operation of power generation plants and raising the reliability of electric power in hospitals, medical centers, roads, schools, airports, ports, and government and private facilities, in addition to supporting industrial activity and enhancing commercial activity.
Development Projects
The Saudi Program for the Development and Reconstruction of Yemen presented a number of development projects to raise the capacity to generate electricity and increase the reliability of the electrical network, including establishing power generation stations and providing modern electric generators with all their accessories, in addition to Enhancing the efficiency of existing generators, which contributed to raising the production capacity of electricity and improving the level of services provided to the population in the beneficiary areas.
For decades, the Kingdom has continued to provide economic and development support in all its forms to the government and the brotherly Yemeni people, and the latest statistics from the Saudi aid platform indicate that the total amount provided by the Kingdom to Yemen has reached $27.7 billion, making it among the first countries to receive Saudi development aid.
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