Infrastructure losses in Yemen as a result of US-Saudi Aggression


https://www.saba.ye/en/news3231640.htm

Yemen News Agency SABA
  Infrastructure losses in Yemen as a result of US-Saudi Aggression
[29/ March/2023]
SANA'A March 29.2023 (Saba) -There are no overall estimates of the losses caused to infrastructure in Yemen during the eight years of aggression, and the available estimates are conclusions published in April 2017 by a joint study by the World Bank, the United Nations, the Islamic Development Bank, and the European Union.

Infrastructure and capital losses in Yemen were estimated at $15 billion, of which $7 billion was economic losses in nominal terms, and more than $7.3 billion in the production and services sectors.

The cost of housing damage only in the cities of Sana'a, Aden, Taiz and Zanzibar is $ 3.6 billion, and the cost of rebuilding power facilities in the four cities is about $ 139 million, mostly to repair power plants that have been damaged or destroyed.

It confirmed that 17 percent of schools in 20 governorates needed massive reconstruction, and estimated the cost of damage to schools at $269 million.

The Minister of Transport in the Salvation Government, Zakaria Al-Shami, in a statement on March 27, 2019, estimated the infrastructure losses at $ 4.3 billion.

In a World Bank report published in June 2021, Yemen's losses at the level of infrastructure in 16 major cities amounted to $ 6.9-8.5 billion.

The capital, Sana'a, ranked first in the list of the most destroyed cities, followed by the city of Taiz, and the governorates of Aden and Hodeidah were severely affected.

Infrastructure was extensively destroyed, including main roads, bridges and internal roads in most cities.

In local estimates published on February 1, 2022, the Yemeni economy lost $ 126 billion of its GDP, the exchange rate of the national currency against foreign currencies deteriorated by more than 300%, and revenues fell to the lowest levels.

M.M




resource : SABA