Saudi cement producers to see more growth: report
Cement demand in the Arab world’s largest economy will rise to 49m tonnes and 52m tonnes in 2012 and 2013, respectively
Saudi Arabia’s biggest lender by assets, the National Commercial Bank (NCB), has said cement producers in the Kingdom are likely to maintain their competitive advantage over global players in the coming two years, backed by sizeable government funding of physical and social infrastructure, access to subsidised fuel and limestone, and the proximity to respective markets.
Given the ongoing construction boom, NCB predicts thatdesigned clinker capacity will reach 55m tonnesby 2013, with cement consumption increasing to 53m tonnes.
Cement demand in the Arab world’s largest economy will rise to 49m tonnes and 52m tonnes in 2012 and 2013, respectively, the report said.
