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

 

 WCT2021

WCT2021

At WCT2021 you will hear from a range of industry leaders and technical experts as they discuss the key challenges facing the cement industry and the latest solutions on offer. Register for free today »

 
 
 

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