Saudi Arabia’s Cement Capacity Exceeds Demand, Watan Reports

Saudi Arabian cement (ARCCO) production capacity exceeds demand in local markets, al-Watan reported, citing Ali al-Ayed, the Saudi Industrial Development Fund’s director general.

Cement demand may reach 55 million metric tons next year, while the capacity of 18 cement producers is at 59 million tons, the newspaper said.

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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