ADEN, Yemen - Yemen's Presidential Leadership Council (PLC) on Saturday welcomed new Saudi economic support worth 1.38 billion Saudi riyals (about $368 million) to help stabilize the country's fragile economy and advance local reforms.

PLC chief Rashad Al-Alimi said in a statement posted on social media platform X that the grant reflects Riyadh's "strong commitment to the Yemeni people and their aspirations for stability, peace, and development," noting that part of the funds will cover operating costs of the Prince Mohammed bin Salman Hospital in Aden.

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Yemen's Prime Minister Salem bin Buraik also hailed the grant, saying it would reinforce the economy and safeguard the progress achieved under government reforms.

Meanwhile, Saudi Arabia's foreign ministry said the grant, provided through the Saudi Program for the Development and Reconstruction of Yemen (SPDRY), will support the Yemeni government budget, petroleum subsidies, and key public services.

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The new grant comes amid growing frustration in Aden and other southern cities controlled by the Yemeni government, where tens of thousands of public employees have gone more than three months without salaries.

Since the outbreak of civil war in 2014, Yemen's economy has collapsed, with real GDP per capita plunging by more than half and poverty rates soaring. The conflict has split the country between rival administrations, devalued the currency, and left millions reliant on humanitarian aid.