Saudi grants Yemen 200 million dollars

RIYADH - Oil-rich Saudi Arabia has agreed to provide its impoverished neighbour Yemen with a grant worth 200 million dollars and two loans worth 42 million dollars.

By (AFP)

Published: Wed 14 Nov 2007, 4:59 PM

Last updated: Sat 4 Apr 2015, 11:16 PM

The agreement was signed late Tuesday after a meeting here between senior Saudi and Yemeni government officials to discuss bilateral relations.

Part of the grant will be used to build a power plant in the city of Marib in Yemen, one of the world’s poorest states.

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