http://www.english.hadhramaut.info Saudi Fund to allocate $ 115 million for development projects in Yemen [The Source: 26Sep.net - 16/05/2007] Deputy PM for Economic Affairs and Minister of Planning and International Cooperation, Chairman of the Yemeni side in Ministerial Follow-up Committee of Yemeni –Saudi Coordination

 Council met today in Riyadh Engineer Yousef Al-Bassam, Vice Chairman of Saudi Fund for Development.
 During the meeting they discussed cooperation relations between Yemen and Saudi Fund for Development within the framework of the funding existing between the two sides through the provided appropriations to Yemen in form of soft loans, the billion dollars from Saudi Arabia to Yemen at donors conference in London.
 The two sides agreed to allocate additional funds from the new grant as follows : Amount of $ 75 million to finance the public works project and $ 20 million for basic education schools establishment as well as the allocation of $ 20 million to complete funding for the Central Hospital of Hodeidah.
 And by this agreement, the rate of allocated financial amounts from Saudi Arabia to Yemen is 65% spread to a number of development projects.