Ministry of Finance Committee to Assess Financial and Service Conditions at the Yemen Red Sea Ports Corporation

A committee from the Ministry of Finance, headed by the Undersecretary for Resource Development and Oversight of Economic Units, Dr. Yahya Al-Saqqaf, reviewed the financial, administrative, and service conditions at the Yemen Red Sea Ports Corporation on Wednesday, January 14, 2026.

During the field visit, the Undersecretary, accompanied by the Assistant Undersecretary for Economic Units at the Ministry of Finance, Dr. Abdul Salam Al-Sunbani, inspected the maritime and commercial activity at the docks of Hodeidah Port, the ongoing dock maintenance work, and the maintenance of ground handling equipment at the incubator hangar.

The two Deputy Ministers of Finance listened to a detailed explanation from Mr. Nasr Abdullah Al-Nusairi, Vice Chairman of the Board of Directors of the Yemeni Red Sea Ports Corporation, regarding the progress of operations at the port of Hodeidah, the extent of the damage inflicted on the docks as a result of repeated attacks by the Zionist enemy, the maintenance and reconstruction work on those destroyed docks, the challenges and difficulties faced by the Corporation’s leadership in maintaining operations and ensuring their continuity, and the efforts made to improve and develop services provided to ships, shipping and commercial companies, investors, and citizens.

The Deputy Ministers of Finance, in a meeting with the leadership of the institution, discussed financial aspects, mechanisms for enhancing financial performance, resource development, improving spending efficiency, and the level of compliance with Ministry of Finance regulations and standards of transparency and oversight, to ensure operational continuity and service development.

The Deputy Minister of Finance for Resource Development stated that the visit was undertaken at the behest of the Minister of Finance and within the framework of a program of field visits to economic units in various governorates to assess financial performance, closely examine their conditions, and address any shortcomings to enhance institutional performance.

Dr. Al-Saqqaf commended the efforts of the institution’s leadership, represented by Chairman of the Board Eng. Zaid Ahmed Taha Al-Washli and his deputy, Mr. Nasr Abdullah Al-Nusairi, and all employees, for maintaining operational continuity at the institution’s ports and improving and developing work mechanisms and resources, despite the extensive damage to the institution’s infrastructure and superstructure. He noted that these efforts have contributed to improved financial and administrative performance.

The Deputy Ministers of Finance affirmed that the achievements made, compared to the scale of the challenges, reflect the national, religious, and ethical responsibility demonstrated by the technical, engineering, financial, and administrative staff, and their loyalty to the institution to ensure the continuity of its services as a lifeline for all the people of Yemen.

Al-Saqqaf pointed out that the Yemen Red Sea Ports Corporation represents a vital economic landmark, a gateway to the world, and a lifeline for Yemenis, supplying more than 70% of the Yemeni population with various goods, commodities, and petroleum products, especially in the densely populated northern regions.

For his part, the Assistant Deputy Minister for Economic Units, Dr. Al-Sunbani, confirmed that the visit to Hodeidah ports aimed to assess the financial situation, strengthen oversight, and review the progress of work in all the corporation’s port facilities, which will positively impact the level of services provided to ships and shipping and commercial companies.
For his part, the Vice President of the Corporation, Nasr Al-Nassiri, expressed his appreciation for the visit of the Undersecretaries of the Ministry of Finance and the assigned committee, as well as the Minister of Finance’s interest and continuous follow-up on the Corporation’s work and activities.

He noted that this support is crucial for the Corporation’s leadership and contributes to strengthening the partnership with the Ministry of Finance, improving financial and administrative performance, and raising the level of maritime and commercial services.

Al-Nassiri emphasized that, despite the current challenges and circumstances, the Corporation’s leadership is giving utmost attention to the process of rehabilitating the infrastructure and superstructure, implementing construction projects, improving the work environment, transitioning from manual to electronic operations, developing resources, and adhering to financial and administrative regulations. This commitment, he added, ensures the provision of services that are tangible for maritime and commercial agencies and companies, as well as for the public.

The meeting was attended by the Directors General of the Corporation: the Office of the Chairman of the Board of Directors, Ali Al-Ansi; the Maritime Operations, Captain Muhammad Al-Sayes; the Container Terminal, Captain Shawqi Murshid; the Technical Affairs, Engineer Fahd Al-Jaboubi; the Projects and Engineering Supervision, Engineer Hussein Gharama; the Docks and Yards, Jaber Kulaib; the Procurement and Warehouses, Engineer Ahmed Salem; the Planning and Statistics, Dr. Wadhah Mujmal; the Human Resources, Engineer Muhammad Al-Saafani; the Financial Affairs, Abdullah Harba; and the Follow-up, Ibrahim Ishaq. Also present were the Deputy Directors General of Financial Affairs, Adel Faqir, and of Containers, Dr. Ahmed Al-Murtada, and members of the committee assigned by the Ministry of Finance.