Saudi Arabia welcomed on Thursday the decision by the Yemeni President Abdrabbuh Hadi to form of the Presidential Leadership Council in Yemen as part of the efforts to end the conflict in his country.
In a statement carried by the Saudi Press Agency (SPA) , Saudi Arabia welcomed the gesture, which came in line with the GCC peace initiative and the Saudi efforts to push for stability and peace in Yemen. The Kingdom expressed full support to the newly established Presidential Leadership Council , affirming that Saudi Arabia would provide assistance to enable the council to achieve its goals ending the conflict in Yemen.
In this regard, Saudi Arabia announced it would provide the Yemeni economy with USD three billion, adding that this would be followed by USD two billion shared with the UAE to support the central bank of Yemen.
Saudi’s support to the Yemeni central bank would include USD 600 million to help Yemen in purchasing oil derivatives and another USD 400 million to push for development projects.
Saudi Arabia also announced it would provide USD 300 million for humanitarian response in Yemen spearheaded by the UN this year to lessen the suffering of the Yemeni people.
The Kingdom urged the Presidential Leadership Council to start negotiating with the Houthis under UN supervision to reach a final and sustainable peace deal ensuring the security and development in Yemen.