Kingdom highlights role in Yemen’s economic stability at Washington roundtable

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The Saudi delegation was led by the program’s assistant supervisor-general, Hassan Al-Attas. (SPA)
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The Saudi delegation held bilateral meetings to boost international cooperation and support Yemen’s sustainable development. (SPA)
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The Saudi delegation held bilateral meetings to boost international cooperation and support Yemen’s sustainable development. (SPA)
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The Saudi delegation held bilateral meetings to boost international cooperation and support Yemen’s sustainable development. (SPA)
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Updated 18 October 2025
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Kingdom highlights role in Yemen’s economic stability at Washington roundtable

  • More than 265 development initiatives implemented across 16 governorates, boosting government efficiency, private sector growth

RIYADH: A delegation from the Saudi Development and Reconstruction Program for Yemen participated in the World Bank’s discussion, “Enabling jobs in fragile and conflict-affected environments: A roundtable on stimulating private investments.”

The discussion was held on the sidelines of the International Monetary Fund and World Bank annual meetings in Washington, the Saudi Press Agency reported on Saturday.

The Saudi delegation was led by the program’s assistant supervisor-general, Hassan Al-Attas, who highlighted Saudi Arabia’s role in strengthening Yemen’s economic stability as its largest supporter, providing more than $26 billion in development, economic and humanitarian aid over the past decades.

The event was attended by World Bank Managing Director of Operations Anna Bjerde; ministers from the UK, Belgium, Germany, Somalia, Guinea and Ethiopia; Multilateral Investment Guarantee Agency Vice President of Operations Junaid Ahmad; and representatives of international organizations.

Al-Attas noted that since 2018, Saudi Arabia had provided direct deposits and grants to Yemen’s Central Bank and Ministry of Finance, including a $2 billion deposit for basic food imports, with additional support exceeding $12 billion between 2012 and 2025.

This financial aid helped to ease the Yemeni government’s budget burden, protect the Central Bank’s foreign currency reserves, provide oil derivative grants, stabilize markets, improve liquidity, and enable private sector activity, he added.

Al-Attas reviewed the program’s development experiences and lessons learned from its interventions, which are based on supporting the government sector, investing in infrastructure and human capital, and stimulating the private sector.

He added that this framework had strengthened institutions, limited the depletion of foreign reserves, and enabled ministries to implement more efficient economic and financial policies.

Al-Attas said that the program had delivered more than 265 development projects and initiatives across 16 Yemeni governorates, covering eight vital sectors, with direct supervision from five of the program’s executive offices, at a total cost of $1.145 billion.

The Saudi delegation held bilateral meetings with Yemeni Minister of Planning and International Cooperation Waed Abdullah Badhib; executive director of Saudi Arabia’s office at the World Bank Group, Suhail Al-Saeed; Estonian Ministry of Finance international relations adviser, Marten Ross; and World Bank senior adviser, Jeehan Abdul Ghaffar.

The meetings aimed to enhance international cooperation and support joint efforts for sustainable development in Yemen.


Trump designates Saudi Arabia as Major Non-NATO Ally

Updated 19 November 2025
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Trump designates Saudi Arabia as Major Non-NATO Ally

  • Announcement came during a black-tie White House dinner honoring Crown Prince Mohamed Bin Salman
  • The Crown Prince stressed that today marks a new phase in bilateral cooperation, with economic ties expanding across unprecedented sectors

WASHINGTON: US President Donald Trump has on Tuesday announced that the US will formally designate Saudi Arabia as a Major Non-NATO Ally, marking a significant elevation in defense ties between Washington and the Kingdom.
He revealed the decision during a black-tie White House dinner honoring Crown Prince Mohammed bin Salman.
“Tonight, I’m pleased to announce that we’re taking our military cooperation to even greater heights by formally designating Saudi Arabia as a major non-NATO ally — something that is very important to them,” Trump said. 
“And I’m telling you now for the first time, because they wanted to keep a little secret for tonight,” he added.
The new status paves the way for deeper military cooperation and carries strong symbolic weight, with Trump saying it will advance U.S.–Saudi defense coordination “to even greater heights.”
Crown Prince Mohammed bin Salman thanked Trump for a “warm and great welcome,” adding, “We feel home.” 
He referenced the historic foundations of the U.S.–Saudi relationship, noting that the partnership dates back nearly nine decades to the meeting between President Franklin D. Roosevelt and King Abdulaziz, the founder of modern Saudi Arabia.


He also pointed to upcoming milestones for both nations, America approaching its 250th anniversary and Saudi Arabia nearing its 300th year, saying these celebrations underscore the long arc of shared cooperation.
Reviewing the history of the alliance, the Crown Prince highlighted joint efforts across World War II, the Cold War, and the long fight against extremism and terrorism. Yet he stressed that today marks a new phase in bilateral cooperation, with economic ties expanding across unprecedented sectors.
“Today is a special day,” the Crown Prince said. “We think the horizon of economic cooperation between Saudi Arabia and America is bigger and wider in many areas. We’ve been signing a lot of agreements that can open the door to develop the relationship deeper in many areas, and we’re going to work on it.”
He emphasized that the opportunities ahead are substantial, adding, “We believe the opportunities are huge, so we have to focus on implementation and keep increasing the opportunities between our two countries.”
Trump repeatedly expressed appreciation for the Crown Prince’s partnership and leadership, highlighting major agreements signed during the visit, including deals on civil nuclear energy, critical minerals, and artificial intelligence, describing the scale of investment as unprecedented.
Trump emphasized that Saudi Arabia is undertaking a major expansion of its defense capabilities, referencing the Kingdom’s plans for nearly $142 billion in purchases of U.S. military equipment and services, which he called “the largest arms purchase in history.”
He framed the acquisition as part of a broader strategy to enhance Middle East security and reinforce the Kingdom’s role as a stabilizing force.
In addition to the Major Non-NATO Ally designation, Trump announced that the U.S. and Saudi Arabia had signed a historic strategic defense agreement. 
He said the pact would create “a stronger and more capable alliance” and support what he called the closest the Middle East has ever come to “truly everlasting peace.”
Trump thanked the Crown Prince for “for all the help” in shaping what he described as a historic moment for regional peace and U.S.–Saudi cooperation, and for playing a central role in recent diplomatic breakthroughs, including steps that contributed to ending the war in Gaza. 
“Even the great experts… are calling it a miracle,” he said of recent regional shifts.
Both leaders framed the moment as the beginning of a new chapter.