Saudi Arabian cement makers want export ban lifted

Saudi Arabia’s cement industry is lobbying for the axing of a three-year-old export ban, wishing to supply other countries in the region as well as Ethiopia. Jihad Al-Rasheed, chairman of the Council of Saudi Chambers' cement committee, is reported as saying Saudi firms are ready to ship six million tonnes to Egypt for the recent major infrastructure contracts in the North African country. Qatar's sports facility works ahead of the 2022 World Cup make it a further major potential client. Al-Rasheed is repor
March 20, 2015 Read time: 1 min

Saudi Arabia’s cement industry is lobbying for the axing of a three-year-old export ban, wishing to supply other countries in the region as well as Ethiopia.

Jihad Al-Rasheed, chairman of the Council of Saudi Chambers' cement committee, is reported as saying Saudi firms are ready to ship six million tonnes to Egypt for the recent major infrastructure contracts in the North African country. Qatar's sports facility works ahead of the 2022 World Cup make it a further major potential client. Al-Rasheed is reported by national media saying that Saudi domestic demand is currently about 57.2 million tonnes and will go up by another 2.3 million tonnes in 2015, but domestic overcapacity exceeds 20 million tonnes.

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Saudi Arabia has 22.5mn tonnes of cement worth US$1.41bn stockpiled

Saudi Arabian cement stockpiles are said to have grown to 22.5 million tonnes worth SAR 5.28 billion (US$ 1.41bn), with producers having to cut output by 5-10%. National cement committee chairman Jihad al-Rasheed said that production has risen 5% to 60 million tonnes while demand is 57 million tonnes. An industry source is reported by Saudi media saying that demand has fallen in recent months, particularly in Ramadan. According to al-Rasheed, the government is still considering lifting the cement export ban

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