New 6000tpd Saudi cement plant for Al Baha Cement

New 6000tpd Saudi cement plant for Al Baha Cement
15 March 2018

Saudi Arabia’s Al Baha Cement Co plans to built a new cement plant with a capacity of 6000tpd of sulphate-resisting Portland cement as well as the potential to produce white and grey cement.

The project represents an investment of US$100m, for which the company will be raising finance from banks. The carry out the funding process, Al Baha Cement is inviting to submit bids for a financial consultancy contract.

The Al Baha Chamber of Commerce and Industry and Saudi investors have formed the above-mentioned project company, under which the cement plant will be developed. The Minister of Commerce and Industry has approved the license for establishing the company.

To date the feasibility study has been completed and all licenses and permits have been obtained, according to Inside International Industrials. A land usufruct agreement has also been signed. EPC tendering is expected to take place in the 2H18.

Once the project is completed, Al Baha Cement will be registered as a listed joint stock company with 50 per cent of the company’s shares held by the founders and the remainder offered for public subscription at actual cost.

Published under Cement News