In a new move to strengthen the Kingdom’s cement industry and bring stability to local market prices, a national committee has been set up for cement companies under the umbrella of the Council of Saudi Chambers of Commerce and Industry.
The committee held its first meeting at the council’s headquarters in Riyadh on Saturday and elected Zamil Abdul Rahman Al-Muqrin as its chairman.
Al-Muqrin said the committee, which includes investors in the industry, would contribute to strengthening the vital industry.
“The cement industry has a good future as a result of the Kingdom’s tremendous economic growth,” he said.
Al-Muqrin referred to the growing development, infrastructure and real estate projects across the country.
“These projects will increase the demand for cement. As a result, an agency like ours is required to develop this important sector,” he said. He said cement companies in the Kingdom would double their output to meet growing demand. He urged all investors and interested parties to join the committee to make their voice heard.
“The committee will provide a variety of services to its members,” the chairman said. At present the committee includes a number of prominent industrialists and businessmen.