Saudi cement industry poised for upturn
Saudi Arabia's cement industry is expected to continue to grow due to a sharp rise in construction projects, according to reports. Contract awards through the first three quarters of 2011 reached SR179.5 billion, a staggering 125 per cent increase over the same period last year, National Commercial Bank (NCB) said its weekly bulletin.
Production in September rose by 27 per cent compared to levels in September of 2010, thereby reaching 3.2 mt. Cement exports are still on the rise climbing by 5.8 per cent over the last three quarters.