BUA Foundation donates ambulances to aid fight against COVID-19
The governors of Jigawa and Sokoto States have received ambulances from the BUA Foundation to support the fight against the COVID-19 crisis.
Africa & The Middle East
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Bloomberg: Dangote Cement Plc reports surge in sales from Nigeria
The company's sales from Nigeria rose 5.6% to 179.3 billion naira, Bloomberg reports.
Construction industry updates from GlobalData
GlobalData shares forecasts for the construction industries across the world in the midst of the coronavirus pandemic.
GlobalData: Low oil prices in Saudi Arabia to impact on infrastructure activity
The company forecasts that the Saudi government’s revenues will suffer from the low oil prices and that this will likely impact upon infrastructure projects in the pipeline.
WCA welcomes CPAI as an Affiliate Member
The World Cement Association has welcomed the Cement Producers Association of Iraq (CPAI) as an Affiliate Member of its international network.
Bamburi Cement Group FY 2019 profit before tax up 17%
Bamburi Cement Group delivered improved profitability for the full year ended December 2019, posting a 17% jump in profit before tax to KShs 0.73 billion as compared to KShs 0.62 billion in 2018.
Communities respond to Lafarge Africa’s COVID-19 intervention
The company receives thanks for its N500 million intervention fund to provide medical infrastructure, food and essential medications to its host communities in response to the COVID-19 pandemic.
Iran sees increase in cement and clinker exports
As reported by the Eghtesadonline news website, over 17.5 million tons of clinker and cement were exported from Iran in the past Iranian calendar year.
CEMEX shares Q1 2020 financial and operational results
The company’s results show a 2% growth in sales, reaching US$3.1 billion.
BUA Cement donates COVID-19 relief materials to host communities
The company has donated 350 bags of rice and 22 500 facemasks to Okpella, Okpekpe, Ibie and Elele Communities.
Dangote Cement announces successful issuance of bonds
The company has announced the successful issuance of NGN 100 billion series 1 fixed rate senior unsecured bonds, due April 2025, under its NGN 300 billion bond programme.
FLSmidth to handle Yanbu Cement Company’s efficiency upgrades
Yanbu Cement Company (YCC) signed an agreement in early 2020 for an efficiency upgrade, focusing on reducing heat and power consumption.
GlobalData: Egypt’s construction energy market outlook remains positive despite COVID-19 delays
The country’s government is still pursuing investments in the energy market, which is a positive outturn for the construction industry in Egypt, GlobalData reports.
GlobalData: Construction output in MENA region to take downturn
In light of an increased number of COVID-19 cases in the region and a slump in oil prices, GlobalData has cut its construction output growth forecast for the MENA region for 2020 to - 0.8%.
UAE Construction Update
GlobalData has provided an update on construction news in the UAE.