Eastern Cement May Spend $533 Million on Expansion, Awsat Says

Eastern Province Cement, a Saudi building materials maker, may invest as much as 2 billion riyals ($533 million) in doubling production to 22,000 tons a day, Asharq al-Awsat reported, citing General Manager Zamil Al Mokrin.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at mharoutunian@bloomberg.net

To contact the editor responsible for this story: Shaji Mathew at shajimathew@bloomberg.net

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