Yemen plans $130 million port, road in Mahra to move minerals
Yemen plans to start building a port in the Qishn area of the eastern Mahra region at a cost of $130 million in two months, Deputy Transport Minister Naser Shuraif said.
This week, the government approved a deal with Ajham Energy & Mining Co. for the construction of the Arabian Sea port in an area bordering Oman and involving a 50-year concession, Shuraif said by phone.
The deal stipulates the construction of the port within about three years and includes building a road for $45 million to transport the minerals to the maritime hub.
The country has been devastated by a seven-year conflict that spurred a humanitarian catastrophe. The project will provide an opportunity for improvement, the official said.
(By Mohammed Hatem)
More News
Nornickel believes 2026 will bring dividends, CEO says
Nornickel did not pay full-year dividends for 2022, 2023 and 2024.
December 27, 2025 | 07:42 am
{{ commodity.name }}
{{ post.title }}
{{ post.date }}
Comments