Saudi Cement Prices Jump 50% in Medina in Week, Al-Madina Says

Cement prices in the Muslim holy city of Medina jumped to 23 riyals ($6) a bag in the past week, from an average of 15 riyals, Al-Madina reported, citing contractors and landlords.

Cement prices in Jeddah on the Red Sea rose 25 percent to 19 riyals over the same period, the newspaper added.

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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