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Cement Sec<strong>to</strong>r<br />
» The Kingdom has huge limes<strong>to</strong>ne deposits.<br />
» There are currently eight producers in Saudi Arabia with a <strong>com</strong>bined annual capacity of around 31mn<br />
<strong>to</strong>ns.<br />
» The planned capacity additions will increase <strong>the</strong> annual capacity <strong>to</strong> 43mn <strong>to</strong>ns by <strong>the</strong> end of 2008 and<br />
49mn by <strong>the</strong> end of 2009.<br />
» The export ban announced by <strong>the</strong> Saudi Ministry of Trade in early June <strong>to</strong> control inflation, should have<br />
a negative effect on <strong>the</strong> industry’s sales growth, albeit on a limited scale and in varying degrees among<br />
different producers.<br />
Sec<strong>to</strong>r Statistics<br />
2003 2004 2005 2006 2007<br />
Cement Sold by KSA (000 Tons) 24,566 25,364 26,079 26,924 30,330<br />
Price per Ton in KSA US$) 48.0 53.3 58.8 64.9 68.0<br />
EV/Ton (US$) 428.2 688.6 829.6 600.7 560.7<br />
Cost per Ton in KSA (US$) 23.5 24.0 24.1 24.9 26.0<br />
Per Capita Cement Consumption (Kg) 1,004 1,007 1,016 1,045 1,104<br />
Source: Company Annual Reports & Industry Statistics<br />
Global Investment House 55 Saudi Arabia Economic Overview - January 2009