SANAA: Yemen's prime minister said on Thursday that his country needs some $48 billion over a decade in order to catch up with GCC economies. A committee comprising Yemen and the six monarchies of the Gulf Cooperation Council concluded the money was needed to carry out development projects and enable the Yemeni economy to integrate with Gulf counterparts, Abdel Kader Bajammal told a meeting of GCC and Yemeni ministers.Ministers from Yemen and GCC members Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the UAE met in Sanaa to discuss Yemen's economic integration with the Gulf bloc and to prepare for a Yemen donors' meeting slated for November 15-16 in London.
Bajammal said the $48 billion required through 2015 would be spent mainly on upgrading Yemen's infrastructure, combating poverty and unemployment and boosting education.
| They could perhaps do that after they shoot all the turbanned holy men. |
| Yemen: the Turkey of the GCC. |