Saudi Arabia grants Yemen investment loans [Archives:2006/917/Local News]
January 2 2006
SANA'A, Feb. 1 ) The Saudi Development Fund agreed to grant Yemen five loans of 392,500 million Saudi Riyals to finance several development projects.
Loans are dedicated for Hodiedah Central Hospital, Taiz Faculty of Medicine and Medical Sciences and a road in Sa'ada governorate.
The loans come under Saudi soft loans provided through the 16th round of the Yemeni-Saudi coordinating council. The Saudi ambassador in Sana'a delivered the funds consent to Minister of Planning and International Cooperation, Mohamed Ahmed Sofan.
The Saudi Development Fund has provided several grants and executed numerous projects in Yemen. Saudi fund aid previously was affected by fluctuating Yemeni-Saudi relations.
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