KSA assistance to Arab nations exceeds SR200bn

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The Kingdom has provided Arab countries with more than SR200 billion in foreign aid between 1990 and 2013, a Saudi economist said.
“SR163.5 billion was offered in the form of financial assistance and loans, SR12.4 billion as donations to societies and organizations and SR11.4 billion as multiparty aid,” economic consultant Fadi Al-Ajaji said in a statement to Al-Riyadh daily on Monday.
Total Saudi undertakings to aid Arab countries amounted to SR67 billion from January 2011 to the end of June 2012.
The largest sum of aid was delivered in 2011, amounting to SR20.4 billion.
The Sultanate of Oman and Bahrain topped the list of recipient countries receiving a total of SR18.8 billion in Saudi aid, Al-Ajaji said. The aid was delivered within the framework of an agreement of the Gulf Cooperation Council countries to offer $20 billion as an aid package to Oman and Bahrain.
Kuwait, Qatar and the United Arab Emirates also contributed to the aid. Egypt ranked second on the list of recipients of Saudi aid with SR15 billion allocated to its government and most recently $5 billion pledged in economic aid.
Out of a promised SR13.5 billion worth of Saudi economic aid including the supply of diesel and crude, Yemen received SR1.3 billion in the period between January 2011 and June last year.
Meanwhile, the Saudi government pledged SR9.9 billion to Jordan, of which the government has received $1.4 billion in the form of budgetary support. The remaining amount will be paid as part of the GCC aid of $5 billion, which will be equally borne by Kuwait, Qatar, Saudi Arabia and the UAE.

 

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