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- Emerson launches global LNG solutions center in Qatar
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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 | 10.64 | -0.18 (-1.67 |
| IQCD | 12.44 | 0.31 (2.55 |
| ADNOCLS | 4.34 | 0.08 (1.87 |
| ADPORTS | 4.24 | 0.26 (6.53 |
| NMDC | 22.20 | 0.32 (1.46 |
11/04/2025
QNB Group, one of the largest financial institutions in the Middle East and Africa (MEA) region, posted a first quarter (Q1, 2025) net profit of QR4.3bn ($1.2bn), an increase of 3% compared to same p
Gulf Times
11/04/2025
PureHealth Holding, the largest healthcare group in the Middle East, has announced, following its Annual General Assembly (AGM), shareholder approval for its first-ever dividend distribution since li
Khaleej Times
10/04/2025
The Dubai-based Al Ansari Financial Services is now the GCC's biggest non-banking financial services company.
The DFM-listed Al Ansari - which also operates the UAE's biggest remittance firm
Gulfnews
10/04/2025
Kuwait-based real estate development company Mabanee and global hospitality major Hilton has announced the signing of an agreement for the development of its prime project - Hilton Kuwait Resort - th
Trade Arabia
10/04/2025
Beyon Cyber, part of the Beyon Group, has been recognized with three major accolades at the 2025 Cyber Security Excellence Awards, one of the industry's most renowned awards, voted on by the global c
Trade Arabia
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