Saudi commerce ministry issues 132 steel, cement export licenses: report

Saudi Arabia’s Ministry of Commerce and Investment has issued 80 steel export licenses and 52 cement export licenses since the approval of the updated exports regulations, Al-Eqtisadiah newspaper reported, citing the ministry’s spokesman Abdulrahman Al-Hussain.

The ministry received 21 requests for cement export licenses and 30 requests for steel license in the past nine months (since the beginning of this Hijri year).

The issued licenses met all regulatory requirements set by the ministries of commerce, finance, industry and environment, he said, adding that the rise in issued licenses reflects the growth of cement and steel exports.