Skip to main content

Saudi Arabia considering lifting partial export bans on cement

Published by
World Cement,


Reuters has reported that Saudi Arabia is considering dropping partial export bans on cement to relieve oversupply in the local market.

The Saudi government are considering whether or not to ease restrictions on cement after local production doubled to exceed the storage capacity of the kingdom's largest companies.

The Saudi government originally imposed a ban on cement exports in 2008 to push prices down and accommodate demand from large government-funded infrastructure projects.

New activity in the Saudi construction sector has slowed down recently as a slump in oil prices has forced the government to cut spending on non-essential projects.


Edited from source by Joseph Green. Source: Reuters

Read the article online at: https://www.worldcement.com/africa-middle-east/07122015/saudi-arabia-lifting-partial-export-bans-cement-129/

You might also like

Sustainability 2020

Sustainability 2020

An online conference focusing on sustainability in the cement industry. Join us for presentations covering topics such as: Alternative fuels, air pollution control, dust control, carbon capture and more. Register for free today »

 

CEMEX-Tec Award celebrates tenth anniversary

The company is celebrating the tenth year of the CEMEX-Tec Award, which recognises entrepreneurs and students that develop high-impact proposals and projects regarding sustainable development, innovation, and social entrepreneurship.

 
 

Embed article link: (copy the HTML code below):