Saudi Arabian Cement Companies: Upgrading Through Leveraging Overcapacity

The Kingdom of Saudi Arabia’s annual cement production capacity of 72.4 million tonnes is the highest of any Gulf country. From 2001-2005, Saudi cement production grew at a compound annual growth rate of almost 8%. However, its annual production in 2018 of 42.2 million tonnes represented a drop of nearly 46% from its historical high of 61.5 million tonnes in 2015.