GOIC: Investments worth 18.1 billion USD in the manufacture of cement, lime and plaster in the Gulf

The Gulf Organization for Industrial Consulting (GOIC) announced that investments in the manufacture of cement, lime and plaster in the GCC reached 18.1 billion USD in 2015.

In its report published by the Gulf Industrial Knowledge Centre (GIKC), GOIC stated that the number of factories manufacturing cement, lime and plaster in the GCC jumped from 59 in 2011 to 69 in 2016, a compound annual growth rate (CAGR) of 4%. In addition to that, the report highlighted the surge of investments from 15435 million USD to 18102 million USD, a CAGR of 4.1% for the same period, while labour force expanded from 25304 to 26469 workers, a CAGR of 1.1%. 

Furthermore, data of 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 in the field of building materials manufacture in 2015. 

The manufacture of cement, lime and plaster includes the manufacture of clinkers and hydraulic cements, including Portland, aluminous cement, slag cement and superphosphate cements, the manufacture of quicklime, slaked lime and hydraulic lime and the manufacture of plasters of calcined gypsum or calcined sulphate.

GOIC’s GIKC publishes detailed industrial reports in GCC countries. They are classified in a user-friendly fashion on GIKC’s website to facilitate access to the information. The reports tackle various areas including: food, medical supplies, plastics, textiles, leather, chemicals and petrochemicals, engineering, the environment, recycling and other important sectors. GIKC’s website is available in Arabic and English to provide a source of comprehensive industrial information in the Gulf. It offers a unique set of GOIC’s industrial studies, industrial investment opportunities and updated reports on several industrial sectors. You can visit www.knowledge.goic.org.qa for more reports to purchase or download for free.