Bahrain stops cement imports from Saudi Arabia
Cement companies in Bahrain have stopped importing cement from Saudi Arabia following a change in export laws that has increased the price. United Cement Company chief executive Faisal Shehab said that the four cement companies in Bahrain used to import a total of 25,000t/week, according to the Gulf Daily News. In March 2017 the law changed in Saudi Arabia allowing producers to export cement.
However, the law has specified that companies should repay government subsidies and this has increased the price of exports to Bahrain by nearly 50%. The imported cement represents about half of Bahrain requirements. Previously, Bahrain imported cement from Saudi Arabia under a special arrangement set up in 2009. Bahrain producers are now seeking alternative imports from the UAE.
"I was surprised by the large number of participants in the Conference. It indicates that the cement industry is interested in the demand of cement, which very closely connected to the s...
Michael Weingaertler, construction market expert, Austrian Institute of Economic Research (WIFO), Austria
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