President Saleh meets AFESD’s Director-General

SANA’A, March 07 (Saba)- President Ali Abdullah Saleh met here on Monday with the Arab Fund for Economic and Social Development (AFESD)’s Director-General and Chairman of the Board of Directors, Abdulatif al-Hamad. At the meeting, President Saleh al-Hamad reviewed areas of cooperation between Yemen and the Fund as well as the projects funded by the Fund in Yemen. Al-Hamad pointed out that, during his current visit to Sana’a, four finance agreements were signed for a number of projects worth USD 328.8 million . The agreements included contributions of the AFESD in financing the phase II of the gas power plant in Marib province with USD 150 million, USD 100 million for the Social Fund for Development, USD 42 million for the project of Dhamar-Husseinyah road ,USD 35 million for the phase III of the crossroads project in the capital Sana’a, and USD 800 thousand million for the renovation project of Al- Jame’a Al-Kabeer ( the Big Mosque) in the old city of Sana’a. They also touched on measures to accelerate the implementation of the Taiz Airport development project, which is funded by the AFEST. President Saleh praised the existing relations between Yemen and the Arab Fund, expressing his appreciation for the role played by the Fund in serving and improving the development in Yemen. BA Saba