Saudi Arabia’s Northern Region Cement expects its new 1.32Mta cement plant in Al-Muthanna governorate, southern Iraq to begin operating shortly, according to chief executive Obaid bin Saad Al-Subaie.

Speaking to Argaam, Al-Subaie said the investment would support revenue and profit growth in 2027. He did not specify a commissioning date. Earlier stock-exchange disclosures identify the project as a 1.32Mta cement line contracted to Sinoma Overseas Development for US$188m.

Al-Subaie said stronger export sales, increased production and market share in Syria, and contributions from overseas investments had helped offset weaker domestic sales volumes during the third quarter.

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The company expects stable performance in the fourth quarter of 2026 and does not anticipate requiring additional financing next year as its overseas expansion projects approach completion, he added.