Saudi-based Al Rajhi Capital has said cement producers in the kingdom are projected to raise their combined capacity to more than 66m tonnes annually by 2015, compared with 47m tonnes in 2012, as the country prepares to meet demand for big infrastructure projects.
“Total cement capacity has risen from 31m tonnes in 2008 to 47m tonnes currently and is expected to increase to over 66m tonnes by 2015,” the report said.
“Overall, we expect demand to rise gradually over the next three years from 41m tonnes in 2010 to 57m tonnes by 2015,” Al Rajhi said. The kingdom has 11 cement companies listed on the Saudi stock exchange.