Saudi Arabia pledges $90 mln grant to support Palestinian Authority

RIYADH: Saudi Arabia has announced a $90 million grant to support the Palestinian Authority, reinforcing its ongoing commitment to the Palestinian people in 2025, officials said on Tuesday.

The financial aid was delivered during a meeting at the Saudi Embassy in Amman between Stephan Salameh, Saudi Minister of Planning and International Cooperation, and Prince Mansour bin Khalid bin Farhan Al Saud, Saudi Ambassador to Jordan and Non-Resident Commissioner for Palestine.

Saudi officials say that the grant is part of the continuous support of the kingdom for Palestine, aimed at increasing the Palestinian Authority’s financial stability under the difficult economic conditions.

The initiative was welcomed by Palestinian Vice President Hussein Al-Sheikh, who stated that the grant would strengthen financial stability and empower efforts toward meeting pressing needs in Palestine. He also hailed Saudi Arabia’s continued and strong stance in support of Palestinian rights.

“Saudi Arabia’s support is providing critical assistance to the Palestinian government as it works to carry out its duties, particularly in critical areas like health and education,” he said. “This aid will contribute toward easing the social and economic hardships faced by the Palestinians.”

Prince Mansour bin Khalid underscored Saudi Arabia’s historical stance in support of the legitimate rights of Palestinians to self-determination through the establishment of a free Palestinian state. He added that the grant is a reflection of the continuing efforts by the kingdom to provide concrete support for the welfare of Palestinian citizens.

Analysts point out that Saudi financial assistance is crucial in the performance of the Palestinian Authority’s administrative work, financing public services, and other development projects at a time when economic pressures have increased due to regional unrest.

This is the latest in a succession of Saudi Arabia financial packages over the years and underscores the particular strategic role of Riyadh in the Middle East as a lead supporter of Palestinian governance and humanitarian needs. It is anticipated that this aid will reinforce social development projects, strengthen the provision of public services, and respond to urgent needs within Palestinian society.

Observers say this kind of grant offers immediate respite while strengthening diplomatic relations between Saudi Arabia and Palestine. It indicates the greater role played by Riyadh in regional stability and expresses Riyadh’s commitment toward the long-term solution for the Palestinian cause. The $90 million aid package is to be divided into key sectors, while monitoring mechanisms are in place to ensure transparency and effectiveness in responding to important socio-economic challenges.