Jihad Al-Rashid, Chairman of the National Committee for Cement Companies at the Council of Saudi Chambers, confirmed that the committee has submitted requests to the relevant authorities, including the Ministry of Commerce, to repeal the requirement to collect the difference between domestic and international energy prices for cement.

Al-Rashid explained that all other conditions are met, including the requirement that each factory maintain a strategic stockpile of clinker amounting to no less than 10% of its annual production, noting that specialized committees from the public and private sectors are currently reviewing the conditions and regulations related to cement exports.

Al-Rashid noted that cement sales will continue to decline in the coming months, explaining that the cement market is currently experiencing a lull in demand for cement.

It is noted that a ministerial committee has approved a mechanism for calculating fuel price differentials for cement factories wishing to export their products, with approximate export fees for cement ranging between 85 and 133 riyals per ton.