FRANCE GRANTS €37.5MLN FOR FUNDING POWER PROJECT IN YEMEN

SANA'A, Feb. 22 (Saba)-Yemen and France signed on Monday an
agreement of funding a project of electricity in rural regions at
sum of € 37 million.

Under the agreement, the French agency for development would present
€ 37.5 million as contribution of the French side to the project in
addition to World Bank and Islamic Bank for Development.

The agreement was signed by the Deputy Prime Minister and Minister
of Planning and International cooperation Abdul Kareem al-Arhabi
from the Yemeni side and Director of the French agency Christian
Flamant and French ambassador to Sana'a Joseph Silva from the
French side.

Al- Arhabi appreciated the French contribution to the development
process in Yemen, affirming concern of the Yemeni government to
enhance its ties with France.

AH