SFD grants 150 million dollars to Yemen [Archives:2005/883/Local News]

October 6 2005

SANA'A- Oct. 3- The Yemeni Ministry of Planning and International Cooperation signed an agreement with the Saudi Fund for Development (SFD), in which the latter contribute 150 million dollars to the implementation of suggested projects.

The projects cover the establishment of a medicine faculty and a teaching hospital in Taiz University, establishment of the Hodeida Central Hospital and the faculty of science in Amran University. Additionally, there are many development projects in the fields of electricity, road building, education, water and healthcare in the governorate of Sa'ada.

The Yemeni part presented a proposal of the rural projects that need to be funded by the SFD with a total cost of $107 million.

Engineer Abdullah Hassan al-Shater, Deputy Minister of Planning and International Cooperation for the Projects Sectors, represented the Yemeni government, while Engineer Mohamed Salman al-Arifi, General Manager of the fund's Projects Department, was the representative of the Government of Saudi Arabia.