Hodeida - Saba:
The Board of Directors of the Yemeni General Corporation for Cement Industry and Marketing, headed by the Minister of Economy, Industry and Investment, Eng. Moeen Hashem Al-Mahaqri approved the corporation's general budget for the year 2025.
The meeting, which was attended by the Chairman of the Board of Directors, Yahya Saleh Atifa, and members of the Board, discussed performance reports and development and modernization plans, including the introduction of alternative energy to reduce production costs.
Minister Al-Mahaqri praised the corporation's efforts in preparing the budget and the spending rationalization plan, stressing the importance of production sustainability, increasing sales, and addressing challenges to achieve the goals of the 2025 plan.
He stressed the need to localize the cement industry and provide clinker locally after banning its import while shifting to alternative energy to reduce costs and improve competitiveness.
For his part, the Chairman of the Board of Directors stressed that approving the budget reflects the corporation's commitment to developing the financial and administrative system, praising the austerity plan that will contribute to enhancing performance, achieving production goals, and increasing market shares.
The meeting also approved the minutes of the previous meeting and took decisions on topics included in the agenda.
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