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Saudi program supports youth in Yemen with $7.3 million fund
The program aims to fund and implement projects in key economic sectors in order to create jobs for Yemeni youth and alleviate poverty.
The Saudi Program for the Development and Reconstruction of Yemen (SPDRY) has entered into an agreement of $7.3 million agreement with the Islamic Development Bank Group (IsDB) and the Yemeni government to support sustainable development in Yemen.
Reportedly, the program aims to fund and implement projects in key economic sectors to create jobs for Yemeni youth and alleviate poverty.
SPDRY is part of the kingdom’s efforts to support the economic development of Yemen. Since its launch in 2018, it has carried out 224 development projects and initiatives across the country to assist the Yemeni people in various sectors, according to SPA.
Reportedly, the forged alliance aims to establish a general framework for activating development cooperation in Yemen, addressing challenges related to agricultural production chains, and improving access to markets by addressing current gaps in the trade and production sectors.
In addition, King Salman Humanitarian Aid and Relief Center (KSRelief) has continued to work to improve lives in Yemen.
Recent reports said the center’s water and environmental sanitation project pumped 777,000 liters of water into the camps of Hodeidah Governorate, benefiting 9,800 individuals.
SDRPY provides efforts to build the capabilities of cadres in Yemen, in addition to transferring experiences and developing competencies, and supporting youth to obtain a better standard of living and a higher ability to withstand societal stability to confront various challenges and mitigate or limit their effects.