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- China's Sinopec Signs Joint Venture Agreement with Saudi Aramco Worth $4 Billion
- IMF lowers Oman's GDP growth forecast to 2.3% for 2025
- Bahrain All Share Index, Islamic Index close lower
- Gulf Bank issues its fifth Annual Sustainability Report for 2024
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- Continuing excellence and driving innovation key pillars of NBK's success: Shaikha Al-Bahar
- Borouge to boost production capacity to 6.6m tonnes
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- Qatar Stock Exchange index rises by 12.86 points at start of trading
- World-scale Dukhan solar power plant to become operational by 2029: Al-Kaabi
02/04/2014 12:33 AST
Qatar National Cement Company (QNCC) has signed a letter of intent with French company Fives FCB for the construction of a fifth cement production line. The new line will cost around QR950 million to construct and will have a designed capacity of 5000 tpd of clinker. A company spokesman told local press in a communiqué to the Qatar Exchange that Fives FCB (the contractor) and TPF Basse Sambre (the consultant) will work together to finalise the contract details within one month. The fifth production line is expected to become operational within the next 27 months. After the site is handed over, construction will begin with two cement mills that will be delivered in 17 months and 19 months, respectively. The spokesman stated that the new line will be located next to the existing plants 2, 3 and 4. Fives FCB was also the contractor for these plants. Following completion of the new line, the company's total clinker production capacity would be approximately 17 000 tpd and grinding capacity could reach 20 000 tpd of cement. The new production line forms part of the company's strategy to increase its production capacity to meet the growing demand for cement in Qatar in the run-up to the 2022 FIFA World Cup. Due to an increase in construction activity and ongoing infrastructure projects, demand for cement in the country has increased from around 2000 tpd a decade ago to approximately 12 000 - 15 000 tpd today.
World Cement
02/08/2016
Qatar National Cement Company (QNCC) has signed a financing deal with Saudi's Samba Financial Group (Samba) for $100m. The facility, which has a two-year grace period, will go towards financing th
The Peninsula
27/10/2014
Qatar National Cement disclosed the interim financial statements for the period ending September 30, 2014. The interim financial statements revealed a net profit of QR 332 million for the nine month
Qatar Exchange
18/04/2014
Cement demand in Qatar is expected to double in the next three years in view of the $70bn worth projects under execution now, Arqaam Capital said in a report.
Demand is estimated to be at
Gulf Times
| Ticker | Price | Volume |
|---|
| Ticker | Price | Change |
|---|---|---|
| ALPHADHABI | 11.14 | -0.04 (-0.36 |
| IQCD | 12.35 | -0.18 (-1.44 |
| ADNOCLS | 4.63 | 0.01 (0.21 |
| NMDC | 23.86 | -0.84 (-3.41 |
| ADPORTS | 4.02 | 0.03 (0.75 |
29/04/2025
China's state-run Sinopec said on Monday it had signed an agreement with a unit of Saudi Aramco to establish a joint venture company aimed at operating ports, transporting crude oil, and providing ot
Asharq Al Awsat
29/04/2025
Gulf Bank has officially released its Fifth Annual Sustainability Report for the year 2024, titled "From Vision to Execution", highlighting the Bank's advancements in sustainability in line with Kuwa
Kuwait Times
29/04/2025
In an interview with CNBC International, Shaikha Al-Bahar, Deputy Group Chief Executive Officer of National Bank of Kuwait (NBK) affirmed the Group's commitment to maintaining excellence and fosterin
Kuwait Times
29/04/2025
Borouge today announced a series of strategic asset expansion projects to accelerate its growth, contributing annually between $165 million and $200 million (AED600 million - AED730 million) in EBITD
Trade Arabia
29/04/2025
Saudi developer Emaar, The Economic City has signed final agreements with four local banks to reschedule SR3.39 billion ($904 million) in existing debt and secure a new credit facility.
In a
Arab News
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