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English news

28-Mar-2016

Cement export ban to be lifted, reportedly, by government

The Saudi authorities are reported to have agreed upon allowing the export of cement, and thus lifting the current export ban, according to informed sources in the National Cement Committee speaking to Saudi newspaper, Al Eqtisadiah. Meetings are currently being organised between government authorities and representatives of the cement sector to decide on the criteria and timeline for starting the export process. The decision is expected to provide relief to cement producers, given the current excess supply and pressured demand, that has led producers to halting production lines. A committee of related parties has earlier submitted recommendations to the authorities after studying the lifting of the export ban on cement and steel. (Al Eqtisadiah)

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