Saudi Arabia Grants Mining License to United Cement, SPA Says

Saudi Arabia awarded a license to United Cement Co. to exploit for raw materials to produce cement in the Red Sea province of Al Laith, the Saudi Press Agency reported, citing Deputy Minister for Mineral Resources Sultan Shawli.

The Ministry of Petroleum and Mineral Resources plans to grant six more cement mining licenses, the news service said, citing Shawli.

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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