Yemen’s Al-Mahra Receives 2nd Batch of New Saudi Oil Derivatives Grant 

Gulf

December 25th, 7:35am

Aden - Asharq Al-Awsat

The second batch of the new oil derivatives grant is delivered to al-Mahra. (SDRPY)

Yemen’s al-Mahra province received on Saturday the second batch of the new Saudi oil derivatives grant.  The Kingdom had announced that it would be providing the war-torn country with USD 200 million in oil grants through the Saudi Development and Reconstruction Program for Yemen (SDRPY).  The first batch totaled 70,000 tons of fuel and the second batch included 4.5 million liters of diesel fuel.  The grant is an extension of Saudi Arabia’s constant support of Yemen at the directives of Custodian of the Two Holy Mosques King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince and Prime Minister.  The latest batch will help operate over 70 power plants in Yemen.   It will directly go to operating hospitals and medical clinics, schools, government buildings, airports and ports. It will help boost economy and trade and ultimately improve living conditions throughout Yemen.  A previous grant, worth USD 422 million, helped stabilize the Yemeni economy and bolster the state budget.   It helped increase the purchasing power of citizens and improve security, services and living conditions.   The grant was paid in full over the course of a year. 

from Asharq AL-awsat https://english.aawsat.com/home/article/4062366/yemen%E2%80%99s-al-mahra-receives-2nd-batch-new-saudi-oil-derivatives-grant%C2%A0