YSCC Meeting to be Held on June 12 in Sanaa [Archives:2001/22/Front Page]
Yemeni official sources disclosed that Prince Sultan bin Abdulaziz, Saudi Defense Minister, will be heading the Saudi delegation to the Yemeni-Saudi Coordination Council(YSCC) scheduled for June 12 in Sanaa. In the meeting that will be attended by some ministers from both the sides, several agreements in different fields will be signed to further the cooperation between the two countries.
The YSCC resumed its activities last December in Saudi Arabia after being dormant for over 10 years. During the latest the two sides signed several agreements, including rescheduling Yemen’s loans to Saudi Development Fund estimated around $500 million. The Saudi Fund also agreed to grant Yemen another loan of $300 million to finance development projects. It was also agreed that Yemeni students in Saudi Arabia will be granted the same privileges and facilities as their Saudi counterparts.