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The Minister of Economy, Industry, and Investment, Eng. Moeen Hashem Al-Mahaqri, has directed the Yemeni Cement Corporation to prioritize exploring external markets for exporting Yemeni cement as part of its future objectives. The minister highlighted the importance of leveraging the new investment law, which offers significant incentives and competitive advantages for exporters.
During a meeting of the corporation's board of directors on Monday, December 30, 2024, Minister Al-Mahaqri emphasized the need for collective efforts to implement the localization plan for cement production. This includes ensuring the local availability of clinker material to support national cement factories and mills. He also noted the financial benefits of the decision to ban clinker imports, which will help the corporation achieve substantial cost savings, opening new opportunities for growth and production.
The minister stressed the importance of reducing production costs at all stages and focusing on delivering high-quality, competitively priced products that meet citizens' needs and developmental requirements. He underscored the need to adopt alternative energy solutions as a key strategy to secure affordable energy and lower production expenses.
Minister Al-Mahaqri also called for expenditure rationalization and enhancing the sustainability of production processes. He urged continuous review and assessment of the corporation's plans and factories throughout 2025, particularly in increasing production capacity and boosting sales volumes. These efforts aim to address challenges, achieve strategic objectives, and meet the aspirations for advancing the corporation's performance.
In conclusion, the minister reiterated the importance of restoring the corporation's status as one of the key pillars of the national economy by improving its operations and strengthening its role in achieving sustainable economic growth.
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