Yamama Cement’s SAR 4.2 bln plant set to go online in 30 months, says GM

Yamama Cement Co., Saudi Arabia’s fourth-largest cement producer, will start production at its newest plant within a 30-month period, general manager, Jihad Bin Abdulaziz Al Rashid said in a televised interview.

The project, which will be partially financed from the company’s own resources, is scheduled to be fully completed in 39 months, Al Rashid noted. He added that the environment-friendly, fuel-efficient plant will use “top-notch” technologies.

Ground improvement works are set to take four months to complete in order to prepare the area for construction. The cement produced by the plant will serve the central region, Al Rashid added.

Yamama Cement inked an agreement on Tuesday with Germany’s ThyssenKrupp Industrial Solutions to build the new SAR 4.2 billion facility, which includes a 20,000-ton clinker plant, according to data available on Argaam.

As part of the project, the company will build two production lines at a cost of SAR 2.7 billion; a power plant at SAR 470 million; a gas facility at SAR 420 million; a crude oil project at SAR 280 million; a residential city at SAR 300 million; and surrounding roads at a cost of about SAR 30 million.