Saudi Arabia issued 65 steel, cement export licenses: report

30/06/2018 Argaam

 

Saudi Arabia’s Ministry of Commerce and Investment has issued 65 steel and cement export licenses, Abdulrahman Al Hussein, the ministry's spokesman, told Al Eqtisadiah newspaper.

 

The ministry has issued export licenses to 40 steel producers and 25 cement companies, he said.

 

Meanwhile, eight steel and cement export license applications are under study, he added.

 

According to data compiled by Argaam, the Kingdom has canceled cement export fees as of Feb. 1.

 

In July 2017, a ministerial committee suspended steel export fees for two years.

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