Investments in GCC cement, lime, plaster hit $18bn
Investments in the manufacture of cement, lime, and plaster in the GCC hit $18.1bn in 2015, according to GOIC estimates
Investments in the manufacture of cement, lime, and plaster in the GCC reached $18.1bn in 2015, according to the Gulf Organization for Industrial Consulting (GOIC).
In a report published by the Gulf Industrial Knowledge Centre (GIKC), GOIC experts revealed that the number of GCC factories producing cement, lime, and plaster grew from 59 in 2011 to 69 in 2016 – a compound annual growth rate (CAGR) of 4%.
The segment’s labour force, meanwhile, increased from 25,305 to 26,469 during the same period.
Data from the GOIC’s Industrial Information Unit revealed that the manufacture of cement, lime, and plaster represented approximately 2.4% of the total factories, 47.3% of the total investments, and 9.7% of the total labour force within the field of building materials production last year.
The manufacture of cement, lime, and plaster includes the production of clinkers and hydraulic cements, such as Portland, aluminous, slag, and superphosphate variants.
The report also covered the manufacture of quicklime, slaked lime, hydraulic lime, and plasters of calcined gypsum and calcined sulphate, according to GOIC.