Saudi Arabia will give its impoverished neighbour Yemen aid worth US$3.25 billion (S$4.2 billion), Saudi Foreign Minister Prince Saud Al-Faisal told a meeting in Riyadh on Wednesday, urging other nations to take similar steps.
'To ensure Yemen's security and stability, the kingdom will provide US$3.25 billion to support development projects there which will be agreed upon with the Yemeni side,' he said at the opening of the Friends of Yemen meeting.
'The Yemeni government is exerting courageous efforts, but without the help of its brothers and friends, Yemen will not be able to solve the crises it is facing,' said Prince Saud.
Yemeni Prime Minister Mohammed Basindawa urged at the meeting for aid for his country which was rocked by an uprising last year that forced former strongman Ali Abdullah Saleh to step down in February.
Citation: http://www.straitstimes.com/BreakingNews/World/Story/STIStory_802150.html
Most of the Middle-East countries are rich in crude oil ,and it enriches economy of those countries. But, Yemen is not the case. In addition to it, Jasmine revolution will put off improvement of Yemeni economy.
And, I wonder what is the chance to improve Yemeni economy.
