Saudi Arabia supports development in Yemen [Archives:2005/854/Local News]

June 27 2005

The Saudi Development Fund (SDF) agreed last week to grant $250 million in loan to Yemen. The sum is allotted for funding a number of developmental and service projects in Yemen, including rural roads and the poverty alleviation strategy.

The Yemeni-Saudi Coordination Council is the responsible party for boosting cooperation between the two bordering countries. It often holds meetings in Sana'a and Riyadh.