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Saudi Cement Prices Jump More Than 20% in Medina, Al-Madina Says

Dec. 14 (Bloomberg) -- Cement prices in the Muslim holy city of Medina have jumped to between 17 and 20 riyals ($4.50 to $5.30) a bag in the past few days, from an average of 14 riyals, because of scarcity, Al-Madina reported, citing contractors and landowners.

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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