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(From Gulf Construction)
The National Commercial Bank (NCB) of Jeddah presents an in-depth study of the cement industry in Saudi Arabia
he Saudi cement industry - which was facing an overcapacity problem five years ago - is currently producing higher quantities while undergoing a huge expansion at an estimated investment of SR10 billion ($2.67 billion). With the existing annual capacity of 21.4 million tonnes of clinker, the eight listed cement companies can produce Portland cement equivalent to 23 million tonnes. These eight companies are expanding their production capacity by 52.6 per cent above the current level, equivalent to 11.25 million tonnes, ...