2004 News Story
 

12/12/2004
Saudi-Yemeni Coordination Council signs series of accords to strengthen political and economic cooperation

The Saudi-Yemeni Coordination Council ended the deliberations of its 16th session in Riyadh today by signing a series of accords to strengthen political and economic cooperation, while renewing the pledge to combat terrorism.


The session was co-chaired by Second Deputy Prime Minister, Minister of Defense and Aviation and Inspector-General Prince Sultan bin Abdulaziz, and Prime Minister of the Republic of Yemen Abdulqader Bajamal.

The Saudi-Yemeni Coordination Council issued a joint communiqué at the end of its session in which both sides expressed confidence in the positive steps taken in support of and for developing fruitful cooperation between the two countries in all fields and reiterated their denunciation of terrorism.  The two sides confirmed that the principles of Islam are based on justice, mercy and tolerance and forbid attack on innocent people.

The communiqué gave special attention to the Palestine issue. The two sides agreed that the setback of the Middle East peace process was attributed to the intransigence of Israel and its aggressive policies towards the Palestinian people which categorically contradict the bases and principles of the peace process, international resolutions and the ‘road map’.  Both sides acknowledged that that Arab peace initiative which is based on the initiative presented to the Beirut Arab summit by Crown Prince Abdullah, provided for security and stability to all peoples of the region and guaranteed a permanent, fair and comprehensive peace to the Arab Israeli conflict.  The two sides reaffirmed that peace could not be achieved through unilateral Israeli measures whose goals is to creating new facts on the ground which will undermine final phase of negotiations.

The two sides stressed that the achievement of international peace and security in the region necessitates that Israel join the Nuclear Non-Proliferation Treaty and subject its nuclear facilities to international nuclear safeguards and inspections.  They emphasized the great importance of freeing the Middle East of the nuclear and mass destruction weapons.

The two sides affirmed their keenness on Iraq's territorial integrity, respect for its sovereignty and independence and commitment to the principle of non-intervention in its internal affairs. T hey stressed their desire for Iraq's peaceful coexistence with its neighbors.

The two sides agreed on continual cooperation in the security fields within the framework of the signed security agreement, emphasizing that the security of the two countries is integral.

The two countries signed agreements and memoranda of understanding in a number of areas, including cooperation in dangerous waste processing; sports and youth; culture, customs; Islamic affairs, endowments and guidance; petroleum and mineral resources; and agricultural cooperation.  Saudi Arabia and Yemen also signed an agreement under which Saudi Arabia extends a SR 75 million loan to Yemen's Social Fund for Development and a SR 50 million grant for rehabilitation of Aden Hospital.

The Kingdom agreed that the Saudi Fund for Development allocates U.S. $150 million for developmental projects in Yemen and agreed on the allocation of U.S. $100 million line of credit to finance Saudi exports used in Yemeni projects and a grant of U.S. $1.5 million for de-mining operations in Yemen for a period of three years.

 

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