Cement sales in Saudi Arabia saw an annual increase of 1.8 percent in the second quarter of 2024, reaching 10.85 million tonnes, according to recent data.
Figures released by Al-Yamama Cement showed that 95 percent of these sales were domestic, with only 5 percent being exported.
The data covers 17 Saudi cement companies, with Al-Yamama holding the largest share of domestic sales at 12 percent, amounting to 1.28 million tonnes, despite a 7 percent decline during the period.
Qassim Cement followed with a 10 percent share, selling 1.06 million tonnes domestically.
Valued at $1.07 billion in 2023, Saudi Arabia’s cement market is poised for robust growth, with an anticipated compound annual growth rate of 6.10 percent through 2029, according to ResearchAndMarkets.com, a global market research firm.
The Kingdom’s ambitious Vision 2030 initiative, which emphasizes infrastructure development across sectors like transportation, utilities, healthcare, and tourism, is a major driver of the cement industry’s growth.
Large-scale projects, including the Riyadh Metro and mega-projects like NEOM and Qiddiya, are significantly boosting demand, reinforcing its vital role in Saudi Arabia’s construction industry.
Saudi Cement, Yanbu Cement, and Southern Cement each held a 9 percent share of the domestic market in the second quarter of 2024, with sales of around 920,000 tonnes each.
The highest growth in domestic sales was recorded by Umm Al-Qura Cement, which saw a 68 percent increase to 371,000 tonnes during this period, despite holding a relatively small 4 percent market share.
Hail Cement’s sales rose by 49 percent to 407,000 tonnes, while City Cement experienced a 45 percent increase, reaching 617,000 tonnes.
