Saudi Arabia

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GCC cement sector capacity to hit 120Mt by 2013

GCC cement sector capacity to hit 120Mt by 2013

Cement capacity in the GCC cement sector is expected to hit 120.7Mt in 2013, according to a Global Investment House (GIH) report with rising demand in Saudi Arabia, Qatar and Ku...

Saudi Cement 4Q11 up on higher demand

Saudi Cement 4Q11 up on higher demand

Saudi Cement Co posted a 39.7 per cent rise in its 4Q11 net profit, on higher production and demand. Net profit for the quarter reached SAR212.3m (US$56.6m) compared to SAR152m ...

Ministry steps in to curb escalating Saudi prices

Ministry steps in to curb escalating Saudi prices

Saudi Arabia’s Ministry of Commerce and Industry has intervened to curb a significant rise in cement prices in the western region of the country, Al Eqtisadiah business daily re...