Yemen Wins $329M Development Aid from Key Arab Donor

The Arab Fund for Economic and Social Development and Yemen have entered into five development aid accords worth nearly $329 million.

Yemeni Minister of Planning and International Cooperation Abdul-Karim al-Arhabi and AFESD Director-General Abdullatif Al-Hamad signed the agreements on March 6 in Sanaa, Yemen News Agency reports.

The deals involve the following:

- $42 million to help complete the Dhamar-Husaineya road project.

- $150 million for the second gas power plant project in the Mareb governorate.

- $100 million for the fourth phase of the Social Fund for Development.

- $35 million for the third phase of the major intersections project in Sanaa.

- $1.8 million to complete the restoration of the grand mosque in the old city of Sanaa.

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  • Eliza Villarino

    Eliza Villarino currently manages one of today’s leading publications on humanitarian aid, global health and international development, the weekly GDB. At Devex, she has helped grow a global newsroom, with talented journalists from major development hubs such as Washington, D.C, London and Brussels. She regularly writes about innovations in global development.