Recently, Qassim Cement, a Saudi-listed company, signed an engineering, procurement and construction (EPC) contract worth 298 million US dollars (about 1.12 billion Saudi riyals) with China's Sinoma International Engineering Company to build a fourth production line at its plant in Buraidai, Saudi Arabia. The new production line will have a production capacity of 10000 tons of clinker per day, and the contract will be valid for 24 months. The project will use the latest technology in the cement industry and aims to replace some of the outdated and inefficient equipment with modern and advanced production lines
, Qasim Cement said. Omar Al-Omar, CEO of the company, pointed out that this move is in line with the Kingdom's goal of improving energy efficiency and promoting environmental sustainability, and marks a key step in the company's sustainable growth strategy. The focus is on maximizing shareholder value, meeting domestic demand and diversifying product offerings in line with Saudi Vision 2030.