London, 08 January 2015: TechNavio, the independent tech-focused global research firm, has published a report on the Cement Market in Saudi Arabia 2015-2019, which is expected to grow rapidly during the period 2014-2019, posting a CAGR of 5.14 percent.
The Cement market in Saudi Arabia is economical in terms of cost-competitiveness compared to other countries in the world. The raw materials required for the production of cement are available in ample quantities, and the fuel used for heating the kiln feed is also available at a subsidized rate.
“The government is investing heavily in the country’s infrastructure development and major emphasis is placed on the development of public transit systems,” says Faisal Ghaus, Vice President of TechNavio.
“The government is investing heavily in the development of healthcare centers and educational institutes in Saudi Arabia.”
Key Market Drivers
- Boom in Housing Projects in Saudi Arabia
- Increased Investment in Transportation Sector
- Development of Economic Cities in Saudi Arabia
Key Market Trends
- Construction of New Cement Production Facilities
- Increased Use of Blended Cement
- Modernization of Cement Production Systems
Key Market Vendors
- Al Safwa Cement Co.
- Eastern Province Cement Co. Ltd.
- Yamama Cement Co. Ltd.
- Yanbu Cement Co. Ltd.
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
