Saudi King orders import of 10m tonnes of cement
Riyadh, April 16, 2013
Saudi Arabia's King Abdullah has ordered the import of 10 million tonnes of cement to end a shortage in the country, the Saudi Press Agency reported on Tuesday.
King Abdullah wants three to four cement plants to be built over the next three years and has granted 3 billion riyals ($800 million) towards the scheme, SPA reported, citing trade minister Tawfiq Al-Rabiah.
The kingdom has embarked on multibillion dollar infrastructure and housing construction plans, putting pressure on resources such as cement. SPA did not give an estimate of how large the cement shortage was. - Reuters