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ABOUT USStrategic Outlook for Cement Industry in the Kingdomof Saudi Arabia•Country Overview•Cement Industry Snapshot•Cement demand: Past, Future, Demand Drivers, Demand Dispersion•Cement Capacity: Existing and Future•Market Characteristic: Market Shares, Product Mix, Packaging, Customer Segmentation, Prices•Input Materials•Key Challenges•Future Outlook & Opportunities largest economy in the worldwith a GDP of over $1 trillion, estimated to grow at4% over next 4-5 years.Saudi Arabia: A Country OverviewVision 2030 aims at diversifying the economy,empowering citizens, creating a vibrant environmentfor both local and international investors, andestablishing Saudi Arabia as a global leaderSaudi Arabia is one of the top oil producing country.Oil contributes approximately 45% to GDP, 90% toexports, and 75% to government revenue, reflecting itspivotal role in the national economy.A major surge in infrastructure development backed bymega-projects like NEOM, the Red Sea Project . UpcomingFIFA World Cup 2034 and Asian Winter Games 2029 areexpected to further fuel the developmentSaudi Arabia has the world's third-largestimmigrant population with foreign nationalsmake up 41% of Saudi Arabia’s population.Saudi Arabia is member of both G20 and OPEC+ and plays asignificant role in global economy and oil market Saudi Arabia is the 19th STATISTICS ON APP USAGESaudi Arabia Cement Industry: At A Glance202449 mio tCementConsumptionCementCapacityNumber ofPlayers87 mio tpa17Number ofIntegrated UnitsNumber ofGrinding UnitsPer CapitaConsumption1,470 kgNumber ofPlants22ConsumptionDensity23 t/ km ABOUT USSaudi Arabia: Past Cement Consumption10 yrs CAGR = -1.4%5 yrs CAGR = 3.0 %Growth started again in2019 as new Giga Projectswere announced underVision 2030Growth declined in 2021due to Covid 19 anddemand has again startedpicking up in 2024* CAGR = Compound Annual Growth Rate ABOUT USSaudi Arabia: Demand Drivers✔Key drivers for the recent spurt of growth in cement demand are Giga Projects like NEOM (a futuristiccity), the Red Sea Project (a luxury tourism destination), King Salman park, etc. under the government’s✔These giga-projects involve housing, tourism, infrastructure, and industrial zones that will consume cementin bulk. Saudi Arabia aims to develop these sectors to reduce the country's dependence on oil.✔Saudi Arabia plans to build over 1 million affordable housing units by 2030 under the Sakani Program andMinistry of Housing initiatives.✔The government has allocated funds toward roads, airports, railways (like the Riyadh Metro and SaudiLand Bridge), and utility networks.✔Urban expansion in Riyadh, Jeddah, Dammam, and new economic zones is also boosting construction✔For FIFA World Cup 2034, there are plans to build 11 new stadiums and refurbish four existing ones. Apartfrom these, new roads, hotels, upgrading of existing infrastructure is also planned. Vision 2030.activity. ABOUT USSaudi Arabia: Estimated Future Cement DemandCement demand is expected to grow at an average of 5% to 8% p.a.Under Most Likely scenario cement demand is expected to reach 73 mio t in 2030 growing at an average of 7%p.a.Cement demand has been projected based on correlation of cement demand with GDP, Population, Timeand cement demand from Giga Projects over next 5-6 years ABOUT USSaudi Arabia: Cement CapacityRegionCentralWesternEasternSouthernNorthernTotal - 2024•17 cement companies•22 plants and•Total cement capacity of 86.6 mio t.•Yamama Cement: 3.5 mio tpa in 2025,Relocationand upgrade of an existing production line to a newsite•Eastern Cement and Qassim 3.5 mio tpa each by2028.•Southern Province Cement: 1.7 mio tpa by 2028.Capacity (2024)Future Capacity Addition– around 12 mio tpaEasternSaudi(Hofuf)Saudi(AinDar)YamamaRiyadhCityNajranNajranSouthern(Bisha)EasternIntegrated UnitGrinding UnitEastern ProvinceRiyadh Capacity (miotpa)Capacity Share22.522.015.916.69.786.6 ABOUT USSaudi Arabia: Demand Dispersion (2024)Riyadh14.930%Makkah8.617%Madinah4.710%EasternProvince6.212%Najran2.14%Asir2.75%Jizan1.63%Al Bahah0.41%Tabuk2.25%Qassim2.55%Hail1.02%NorthernRegion0.61%Al Jawf0.92%CentralDemand: 18 mio tDemand Share: 37%PCC of Cement: 1,650 kgCD: 33 t/ km2: 13 mio t: 1,250 kg: 1,890 kgSouthern: 7 mio tDemand Share: 14%: 1,480 kg: 27 t/ km2EasternDemand: 7 mio tDemand Share: 15%PCC of CementCD: 11 t/ kmDemandPCC of CementCD ABOUT USSaudi Arabia: Demand-Capacity Gap2024Future Projections ABOUT USSaudi Arabia: Market Shares •Yamama is the marketleaderin with 12% marketshare followed by•Southern Cementwith10% share.•Other major players areSaudi cement, QassimCement &Yanbu cementwith 9% market shares each•These top 5 playerstogether have around50% market share.•Balance 50% share iswith rest of the 12players. ABOUT USSaudi Arabia: Product Mix, Packaging & CustomerSegmentationProduct MixPackagingCustomer SegmentationAbout 40-45% of the cement is sold directly to end users and therest 55-60% is sold through distribution channel 12 ABOUT USSaudi Arabia: