Latest news with #MoeenAl-Mahakri
Saba Yemen
18-03-2025
- Business
- Saba Yemen
Economy & Finance Ministers direct support for cotton & iron gin manufacturers
Sana'a - Saba: Economy, Industry and Investment Minister Engineer Moeen Al-Mahakri and Finance Minister Abdul Jabbar Ahmed made phone calls to the director of Al-Habashi brothers' factory for iron industries in the industrial zone and the director of the cotton gin factory in the city of Zabid in Hodeida province, to check on the safety of workers and assess the extent of the damage to the two factories as a result of the raids they suffered from the US aggression. The Economy and Finance Ministers expressed their condemnation of the blatant US aggression, which deliberately targets economic facilities in a manner that reveals the malevolent intentions to destroy the capabilities of the Yemeni people. They directed the General Authority for Investment and other relevant government agencies to provide all aspects of support to these two factories, provide facilities, exemptions and special privileges, as well as the necessary compensation, and stand by them until they rebuild , restore their activities and return workers to their jobs. The Ministers of Economy and Finance emphasized the government's commitment to support and care for national capital , investors in all situations and whatever the challenges. Whatsapp Telegram Email Print more of (Local)
Saba Yemen
20-02-2025
- Business
- Saba Yemen
Economy Minister visits number of factories in Sana'a
Sana'a - Saba: The Economy, Industry and Investment Minister Moeen Al-Mahakri was briefed on Thursday on the work progress in one of the new pharmaceutical factories in Sana'a province. Minister Al-Mahakri, along with Deputy Minister of Industry Ayman Al-Khalqi, listened to an explanation from the factory's administrative and technical staff about the production activity, which amounts to 50 pharmaceutical items, including dialysis solutions, tablets and liquids, in addition to 60 new items that are being finalized for inclusion in the production plan. The Economy Minister expressed his satisfaction with the advanced level of the factory's equipment and commitment to the best pharmaceutical manufacturing standards and practices, as well as the factory's plans to develop the production process. He also visited the Khairat "Yam" factory for the production of salsa, pulp and mango paste concentrates in western Sana'a province and reviewed the progress of construction work at the factory. The factory officials confirmed that the installation of the production lines is expected to be completed within three months. The Economy Minister Al-Mahakri praised the orientation of national capital to such investments that rely on local raw materials, absorb farmers' products, contribute to achieving additional value for agricultural products, and prevent depression for agricultural products in seasons of abundance. He reviewed the progress of the production process in one of the factories producing sanitary diapers for children in western Sana'a province, and listened to an explanation from factory officials about the production capacity, which currently reaches 200,000 pieces per day and is capable of doubling production by 300 percent. The Minister stressed that the Ministry is working on the path of localizing and protecting local industries and achieving added value to the national economy, by providing support and assistance to local factories to cover the needs of the local market and protect local products from imported products, stressing the local factories commitment to the highest quality standards and providing products at appropriate prices for citizens. The Minister praised the responsibility and awareness shown by the national capital in moving towards productive projects and keeping pace with the plans and strategies of the government of change and construction to make a qualitative leap in local industrial activity, enhance national industrial capabilities, reduce dependence on imported products and work to push the national economy to broader horizons. Whatsapp Telegram Email Print more of (Local)
