Riyadh Cement: The growth in the leadership of major projects ensures the stability of the sector

The cement industry sector in Saudi Arabia is facing some pressure, which is the high cost of production and instability of prices, but the growth of the expected demand by 14% at the Kingdom level and 20% of the Riyadh region, led by major projects, supports the price stability and overcoming housing projects, according CEO or re -centh cement company. The quarterly profits of “Riyadh Cement” fell by about 11% year -on -year to reach 57.5 million Riyale, which was affected by the increase in production costs due to the rise in fuel prices. Nevertheless, Al -ayed pointed out that the company, given the first half of the year, shows a conservative level of profits achieved in the same period last year, as it fell by only 1%, and this was due to the success of the administration in the control of costs.