RIYADH: Saudi Arabia’s cement sector is suffering declines in revenue and high production input costs, as well as a substantial gap between supply and demand, according to the Head of the National Cement Committee Badr Johar. Despite upheaval faced by the sector, its market value stands at SR50 billion ($13 billion), and it continues to contribute significantly to the
RIYADH: A surge in construction activities due to the Red Sea and other development projects in Saudi Arabia is expected to drive the recovery of the cement industry after the demand dwindled last year on account of the pandemic. “The industry will be positively affected by renewed construction in the north, with the Red Sea Project, and residential developments. The effect