Islamic Development Bank Resumes Financing of 3 Strategic Projects In Yemen

Publish June 27, 2021
islamic finance

A Yemeni government official said that the Islamic Development Bank Group agreed to resume financing three strategic and vital projects in the south of the country, in the areas of agriculture, water and sanitation, in addition to rural development.

Dr. Nizar Basuhaib, Deputy Minister of Planning and International Cooperation, said in remarks to Asharq Al-Awsat that a meeting held in Jeddah with the Islamic Development Bank management resulted in the approval of resuming several strategic projects in Yemen that would have a significant impact on improving the life of the population.

“We had a fruitful meeting with the Islamic Bank in Jeddah, and it was agreed to activate three important and strategic projects for Yemen, including the agricultural project in Abyan, the water and sanitation project in Lahij, and rural development in several liberated governorates,” he stated.

Basuhaib noted that the Yemeni delegation visiting Saudi Arabia, headed by Dr. Waed Badheeb, Minister of Planning and International Cooperation, also met with Muhammad Al Jaber, the Saudi ambassador to Yemen and the general supervisor of the Saudi Development and Reconstruction Program for Yemen (SDRPY), to discuss the project efforts in the country.

“Discussions included strategic planning between the two countries, investments and strategic projects, in addition to raising the capabilities of empowerment, training and rehabilitation,” he underlined, adding that the meeting was successful.

He added that both sides have agreed to develop “a joint strategic plan in the areas of economy and investment, enhance training and rehabilitation, and exchange experiences.”


Latest Stories

Yemen Socio-Economic Update, Issue 59 - April 2021

2021-08-09 04:00:00
The impact of War.. The role of Women in Building Peace.. Required Interventions The Editorial Since the escalation of conflict and war, women in Yemen can said to be the most affected group in the society. These conditions have imposed a new reality on women and re-determined their roles and lifestyles,......
Read More

Abu Dhabi hotels post record occupancy in June-

2021-07-14 04:00:00

Abu Dhabi’s hotel industry has reported its highest occupancy since the start of the pandemic, according to preliminary June"...
Read More

Rimini Street UK Recognized in the Top 20 of the 2021 UK’s Best Workplaces™ for Women

2021-07-02 10:00:00
Rimini Street, Inc. (Nasdaq: RMNI), a global provider of enterprise software products and services, the leading third-party support provider for Oracle and SAP software products and a Salesforce partner, today announced it has been recognized in the 2021 UK’s Best Workplaces™ for Women in the medium-sized firm category. This achievement follows a......
Read More

UAE delivers 60,000 COVID-19 vaccine doses to Yemen's strategic island: gov't source

2021-06-20 07:00:00

The United Arab Emirates (UAE) on Thursday dispatched a plane carrying a shipment of 60,000 COVID-19 vaccine doses to war-ravaged"...
Read More