More efforts needed to cut emissions as Saudi cement demand grows: Deputy minister

Saudi Arabia has issued a total of 281 licenses to export iron and cement since a ban on the exportation of the commodities was lifted six years ago (Shutterstock)
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Updated 14 October 2022
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More efforts needed to cut emissions as Saudi cement demand grows: Deputy minister

RIYADH: Demand for cement in Saudi Arabia is expected to rise thanks to the construction of ongoing mega projects, but more efforts are needed to curb carbon emissions, the deputy minister for mining development has warned.

Musad Aldaood made the comments during a workshop entitled "Decarbonizing Cement in the Kingdom" held on Oct. 13 by the King Abdullah University of Science and Technology in the presence of CEOs and representatives of cement sector companies and other parties.

The Kingdom has a vital cement sector that will contribute to its sustainability vision and objectives to reach carbon neutrality, the Saudi Press Agency reported citing the deputy minister.

Saudi Arabia largely focuses on environmental sustainability, a pillar of Vision 2030, especially as cement production is one of the energy-intensive industries and is responsible for 8 percent of global emissions, Aldaood added.

The current ratio of clinker in cement in the Kingdom is up to 90 percent, compared to the global average of 75 percent, Director of Mining Activities Development at the Ministry of Industry and Minerals Resources Mosleh Alemrani said, citing a detailed study carried by the Ministry.

Saudi Arabia has issued a total of 281 licenses to export iron and cement since a ban on the exportation of the commodities was lifted six years ago, the Ministry of Commerce told Al Eqtisadiah on Oct. 12.

The ministry reiterated that the issuance of licenses came after the specific conditions and requirements in accordance with the regulatory controls of the ministerial committee were fulfilled.


Closing Bell: Saudi main index closes in green at 11,382 

Updated 27 January 2026
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Closing Bell: Saudi main index closes in green at 11,382 

RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 111.21 points, or 0.99 percent, to close at 11,381.83. 

The total trading turnover of the benchmark index was SR6.37 billion ($1.70 billion), as 204 of the listed stocks advanced, while 56 retreated. 

The MSCI Tadawul Index also rose, adding 13.85 points, or 0.91 percent, to close at 1,533.33. 

The Kingdom’s parallel market Nomu gained 8.39 points, or 0.04 percent, to close at 23,749.38. This came as 30 of the listed stocks advanced, while 45 retreated. 

The best-performing stock was East Pipes Integrated Co. for Industry, with its share price surging 9.94 percent to SR146. 

Other top performers included Tourism Enterprise Co., which saw its share price rise by 9.93 percent to SR14.17, and Thob Al Aseel Co., which saw a 7.84 percent increase to SR3.99. 

On the downside, Saudi Arabian Mining Co. was among the weaker performers, with its share price falling 2.64 percent to SR77.40. 

Saudi Paper Manufacturing Co. saw its shares fall 2.54 percent to SR57.50, while Yamama Cement Co. declined 2.07 percent to SR27.40. 

On the announcements front, Future Vision for Health Training Co. signed a two-year cooperation agreement with King Saud University aimed at strengthening links between academia and professional readiness. 

According to a Tadawul statement, the partnership focuses on the joint development and execution of specialized training programs for university students, aiming to enhance their practical skills and employability. 

The initiative includes coordinated efforts in training design, academic supervision, and program evaluation, with the goal of better preparing graduates for the labor market. 

The agreement, which is renewable by mutual consent, is expected to start generating a positive financial impact in the second half of 2026. The company said no related parties are involved in the deal. 

The company’s share price closed at SR7.30 on Nomu, marking a 1.39 percent decrease.