Saudi cement companies are being urged to maintain a strategic reserve of the commodity to prevent any future shortage.
A directive to this effect has been issued by Commerce and Industry Minister Tawfiq Al-Rabiah, SPA reported.
The minister issued the order as he addressed top executives of cement companies.
It was a follow-up meeting to assess whether the firms are adhering to their commitment to import additional cement stocks in the wake of a recent royal order aimed at ending the shortage.
Each company is being asked to build up strategic reserves in addition to their regular market supplies.
The reserve stocks should match a company’s two months’ output, Al-Rabiah said.
Companies may punitive action if they failed to adhere to the latest directives, the report said.
The first consignment of imported cement will arrive in the Kingdom within the next two weeks, said Zamil Al-Muqrin, chairman of the National Committee for Cement Companies.
Saudi cement firms urged to maintain reserve stocks
