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Foreign Ministry condemns provocative language of UK Foreign Ministry in dealing with human rights of Yemeni people
[02 October 2022]
Statement by the national delegation regarding the temporary truce
[01 October 2022]
Speaker inaugurates Central Market, Messenger Grain Cereal Crops
[01 October 2022]
Information Minister, Rima Governor briefed on needs of Batkha mosque in Mazhar
[01 October 2022]
Shura Council President congratulates Nigerian counterpart
[01 October 2022]
Parliament Deliberating over Riots in Iran
[02 October 2022]
30 Palestinian detainees remain on hunger strike for 8th day
[02 October 2022]
Zionist enemy shut down two major checkpoints near Nablus
[02 October 2022]
Scores of Israeli settlers break into Al-Aqsa
[02 October 2022]
Occupation forces kill a Palestinian man in Al-Eizariya
[02 October 2022]
Capital, Sana'a witnessed military, security parade, largest in history of region
[22 September 2022]
September 21st Revolution … End of guardianship projects
[20 September 2022]
Yemeni Center for Human Rights, Saba Agency organize press conference on alleged truce
[19 September 2022]
Representatives House approves Development, Oil Committee report of warns against continuing to loot Yemen's wealth
[07 September 2022]
Yemen Military Parade.... new victorious force
[04 September 2022]
  US-Saudi Aggression
Aggression forces commit 122 violations of armistice in past 24 hours
[01 October 2022]
Aggression forces commit 140 violations of armistice in past 24 hours
[30 September 2022]
One citizen was killed by explosion of aggression mine remnants in Marib
[30 September 2022]
Aggression commits 177 violations of armistice within 24 hours
[29 September 2022]
Aggression commits 224 violations of armistice within 24 hours
[28 September 2022]
KFAED grants Yemen $85 mln
KFAED grants Yemen $85 mln
KFAED grants Yemen $85 mln

SANA'A, May 28 (Saba) - The Kuwaiti Fund for Arab Economic Development (KFAED) on Tuesday granted Yemen $85 million to reconstruct affected areas due to 2011 events and developing Aden electricity network.

The grant's agreements were signed by Minister of Planning and International Cooperation Mohammed al-Sa'adi and KFAED Director General Abdul Wahab al-Badr.

Under the first agreement, the Kuwaiti Fund grants $50 million to contribute to financing a project of reconstructing areas ruined during the 2011 events through carrying out and rehabilitating infrastructure and service projects and public facilities in governorates of Abyan, Aden, Lahj, Sana'a, the capital Sana'a, Sa'ada, Ammran, Hajjah, Shabwa and Taiz.

The second agreement lays down that the KFAED donates $35 million contribute to financing a project of developing the electricity network in Aden governorate.

After the signing ceremonies, the KFAED Director General said that by the first agreement's grant, Kuwait fulfilled the financial pledge made to Yemen in the donor meeting held in London in 2006.

The second agreement is an outset of financing projects via the Kuwaiti grant gifted to Yemen in the 4th Friends of Yemen meeting held in New York in 27 September 2012.

Kuwait donated Yemen $200 million in the 2006 London meeting and the projects agreed to be funded by this donation are under construction. In 2012 meeting, Kuwait granted Yemen $500 million. The Yemeni and Kuwaiti sides have tied up all procedures to allocate the sum and measures are underway to begin the implementation.



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UPDATED ON :Sun, 02 Oct 2022 11:32:13 +0300