UAE cement consumption seen up to 11Mt in 2005

UAE cement consumption seen up to 11Mt in 2005
10 November 2005


UAE’s cement consumption is expected to grow to 11Mt in 2005 because of the booming construction sector, the Gulf Organization for Industrial Consulting (GOIC) said in a report published in early November 2005. 

Eleven cement companies operate in the UAE, of which eight are integrated cement manufacturers and only Ras al-Khaimah Co for White Cement & Construction Materials is specialised in white cement production. 

The combined net profit of the eight cement and building materials companies listed on the Dubai Financial Market (DFM) soared 102% year-on-year to AED1.31bn  (US$356.7m) in the first nine months of 2005.

Published under Cement News