Saudi Arabia to provide $368 million in economic support to Yemen

Saudi Arabia will provide 1.38 billion riyals ($368 million) in economic support to Yemen, the Kingdom’s foreign ministry said in a statement on Saturday.

The grant will be given through the Saudi Development and Reconstruction Program for Yemen with the aim of supporting the government’s budget, subsidies for petroleum derivatives and the operating budget of Prince Mohammed bin Salman Hospital in Aden, the statement added.