Release Date: 05-Feb-2013
The cement consumption in Saudi Arabia is expected to surpass 60 Million Tons by 2015 from around 53 Million Tons in 2012 as per new research study “Saudi Arabia Cement Sector Analysis” published by KuicK Research. As per the report findings, increasing spending on infrastructure projects, favorable policy support and economic environment will drive the cement consumption in Saudi Arabia in coming years.
The cement sector in Saudi Arabia benefits from the strong domestic market situation, buoyed by the government’s continued investment on physical and social infrastructure, supported by the favorable oil price movements. Other allied factors include a young demographic structure, increasing urbanization. The domestic producers enjoy a distinct competitive advantage, supported by the growing demand and the geographically distributed production setup. Consumption levels in Saudi Arabia varied widely across different regions and there were specific pockets of demand. The geographical focus of vendors helped take care of the demand. However the Central region was the major demand/ consumption center and accounted for more than 30% of the domestic consumption in 2012.
For more information visit: “Saudi Arabia Cement Sector Analysis”