Cement Demand in Saudi Arabia to Surge as Major Projects Drive Growth
The cement industry in Saudi Arabia is poised for significant growth over the next seven years, with demand projected to surpass current levels. According to Mohammed Almatrafi, CEO of United Cement Industrial Company, the Kingdom’s cement demand is expected to increase as major infrastructural projects unfold.
Currently, Saudi Arabia’s total cement production stands at around 80 million tonnes annually, while the demand ranges between 50 and 53 million tonnes per year. However, with the hosting of the 2034 FIFA World Cup, Expo 2030, and ambitious development projects like Central Jeddah, the Red Sea project, NEOM, and Qiddiya, the demand for cement is set to rise significantly. Almatrafi referred to the next several years as the “golden years” for Saudi Arabia’s cement sector, driven by these large-scale projects. The developments not only highlight the Kingdom’s commitment to infrastructure and urban growth but are expected to provide a major boost to cement consumption in the country, further accelerating the demand for building materials. With increasing demand expected to outpace supply, the cement industry is set to play a critical role in supporting Saudi Arabia’s ambitious plans for urban and economic expansion in the years leading up to 2030 and beyond.
