Saudis Set Cement Factory Price at 12 Riyals a Bag, SPA Reports

Saudi Arabia set the factory price of a cement bag at 12 riyals ($3.20) and the retail price at 14 riyals, the official Saudi Press Agency reported, citing Minister of Commerce and Industry Tawfiq al-Rabea. The price of bulk cement has been fixed at 240 riyals a ton, it said.

Cement supply will grow 15 percent annually after the ministries of petroleum and commerce agreed to provide the fuel to operate expansions at existing plants, the Riyadh-based news service said.

To contact the reporter on this story: Mourad Haroutunian in Riyadh at

To contact the editor responsible for this story: Shaji Mathew at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.