ONESTONE CONSULTING S.L.

Prospects of the GCC cement industry

1 Map of the GCC countries

WEO 2015 of IMF

2 GDP development in GCC countries

WEO 2015 of IMF

Alpen Capital

3 Construction sector investments

Alpen Capital

GIH, OneStone Consulting

4 Cement capacity development

GIH, OneStone Consulting

OneStone Consulting

5 Cement demand development

OneStone Consulting

6 Cement production development

OneStone Consulting

7 Cement export development

OneStone Consulting

8 Cement import development

OneStone Consulting

9 Cement data for Saudi Arabia

OneStone Consulting

Yamama Cement

10 Production figures 2014

Yamama Cement

TKIS

11 Cement plant of Eastern Province Cement

TKIS

12 Cement plant of Al Safwa Cement

TKIS

OneStone Consulting

12 Cement data for UAE

OneStone Consulting

Gulf Cement

13 Cement plant in the UAE

Gulf Cement

OneStone Consulting

14 Main cement producers in UAE

OneStone Consulting

15 Cement data for Qatar

OneStone Consulting

Fives FCB

16 Cement plant of QNCC

Fives FCB

OneStone Consulting

17 Cement deliveries in Qatar

OneStone Consulting

18 Cement demand outlook 2019

OneStone Consulting

19 PCC outlook 2019

OneStone Consulting

Fives FCB

Panoramic view of QNCC

Fives FCB

The cement demand growth rate in Saudi Arabia declined to 2.4 % in 2014 from 13.2 % in 2013. The country has about a 60 % market share in the GCC. But despite falling oil prices and challenging fiscal budgets in the GCC, the cement industry is expected to revive, due to huge construction investments in the region. The following market review takes a detailed look into the cement industry, reviews the market drivers and gives an outlook to 2019.

1 Introduction

The Gulf Cooperation Council (GCC) consists of the six Islamic monarchies of Bahrain, Kuwait, Kingdom of Saudi Arabia (KSA), Oman, Qatar and the United Arab Emirates (UAE) (Fig. 1). The GCC countries have a combined land area of 2.67 million km^², a population of about 51.6 million and a nominal GDP of 1.65 US$ bn, which corresponds to an average of 33 000 US$ per capita, with the highest in Qatar and the lowest in Oman. The GCC economy is largely dependent on its hydrocarbon sector. As a result of the decline in oil prices the countries are experiencing large losses of fiscal...