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Saudi’s cement sector prepares for large-scale growth

Posted on : 11 Jun, 2012

 

The Cement sector in the Middle East is witnessing a sure and steady growth owing to the massive infrastructure developments taking place in the region, especially Saudia Arabia with its mega infrastructure plan worth $400 billion.

 

The CEO of Najran Cement Company in Saudi, Ahmed Zigail said, “Cement production witnessed a remarkable development where it rose from 23.8 million tons in 2005 to 43 million tons in 2010 then jumped to 48 million tons in 2011.” He also stated that the “Cement sector is poised to remain key business activities mostly benefiting from economic boom witnessed by the Kingdom in light of high growth rates related to mega developmental and construction plans adopted by the Saudi government.” Mr. Ahmed Zigail confirmed that the Kingdom’s plans to build 1.65 million new housing units by 2015 will push demand on cement during the next 5 years.

 

He also pointed out that investment in the cement industry means investment for community where construction sector represents 9 percent of non-oil GDP in the Kingdom, which is considered a main driver for growth of cement sector.

 

According to another industry expert, “The volume of cement production in the Kingdom is predicted to touch 56 million tons in 2013 where demand is setfor 60 million tons compared to production level of 48 million tons in 2011.”

 

The surge in the Middle Eastern cement markets have paved the way for CMT to bring its 7^th Middle East CemenTrade conference to Muscat on 02-03 October.  The conference is designed to highlight market outlook and challenges in Saudi, Oman, Yemen, Iran, Iraq, and Kuwait including other analytical topics on trends that currently reign the cement industry. Further details on the conference will be available shortly. In the meantime, one may contact grace@cmtsp.com.sg for further information or Pre-Register for the event now.

 

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