City Cement Co invest in alternative energy project

City Cement Co invest in alternative energy project

City Cement Co intends to invest $6.7 million in an alternative energy project, the Saudi-based producer said. The project, anticipated to be completed by the end of the first half of 2015, will be carried out by Chinese engineering company Sinoma. City Cement will use its own funds and/or Murabaha financing for the initiative.

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