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Abu Dhabi Crown Prince Orders $20Mln Investment in Yemen’s Business

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The prince of Abu Dhabi ordered to allocate $20 million in investment to Yemen’s small and medium business, United Arab Emirates (UAE) media reported Sunday. 15.05.2016, Sputnik International

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Abu Dhabi Crown Prince Orders $20Mln Investment in Yemen’s Business

14:39 GMT 15.05.2016 (Updated: 10:56 GMT 05.03.2023)

Abu Dhabi's Crown Prince Sheikh Mohammed bin Zayed al-Nahyan (R) inspects a guard of honour during a ceremonial reception at the presidential palace in New Delhi. (File) - Sputnik International

The prince of Abu Dhabi ordered to allocate $20 million in investment to Yemen’s small and medium business, United Arab Emirates (UAE) media reported Sunday.

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MOSCOW (Sputnik) – The UAE is part of the Saudi-led military campaign started in spring 2015 against the Shiite Houthi rebels that took over portions of Yemen in the fall of 2014.

Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed Al Nahyan directed the allocation of $20 million at the directive of President Khalifa bin Zayed Al Nahyan, the WAM Emirati news service reported.

Under the implementation and supervision of the Khalifa Fund for Enterprise Development, the first stage of the funding will include the cities of Aden and Al Mukalla, then expand to other provinces and cities.