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Cement Market Value in Saudi Arabia to Increase by 1.66 Million Tons During 2021-2025 | Residential Construction Segment to Provide Multiple Growth Opportunities


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NEW YORK, March 8, 2021 /PRNewswire/ The cement market in Saudi Arabia is set to grow by
1.66 million tons during 2020-2024. Technavio segments the cement market by
application (residential and commercial) and region (Central, Western, Southern, and Eastern). The report identifies the launch of Saudi Vision 2030 as one of the major factors propelling the market growth.
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Cement Market in Saudi Arabia by Application and Region - Forecast and Analysis 2021-2025
In 2016, Saudi Arabia announced Vision 2030, a blueprint for the country s long-term development goals. The plan is focused on the development of various sectors including religious tourism, healthcare, and real estate, retail, and smart cities. Vision 2030 is expected to reduce the country s dependency on oil reserves and boost the construction sector over the next decade. All these factors are positively influencing the growt ....

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