Please wait...
GulfBase Live Support
- Acwa Power signs $3.5bn Saudi CCGT power plant contract
- Parsons snaps up $475m Saudi Arabia, UAE contracts
- Saudi Luberef records solid 2024 results; revenue hits $2.6bn
- Aljazira Capital, Target launch $266m Saudi real estate fund
- UK's Shard Capital in deal for $7bn Egypt petchem complex
- Vodafone Qatar set to empower startups at Web Summit 2025
- QNB Group recognised for excellence in commercial credit cards growth in Qatar
- Doha Bank announced as platinum level partner of Web Summit Qatar
- GWC wins 'Logistics Project of the Year' award
- QIC Group showcases future of insurance industry at Web Summit
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 | Change |
|---|---|---|
| ALPHADHABI | 11.16 | -0.04 (-0.36 |
| IQCD | 13.65 | 0.15 (1.11 |
| ADNOCLS | 5.19 | 0.02 (0.38 |
| ADPORTS | 4.97 | 0.05 (1.01 |
| NMDC | 24.92 | 0.08 (0.32 |
23/02/2025
Acwa Power Company has announced the signing of a power purchase agreement worth SAR13.4 billion ($3.5 billion) with Saudi Power Procurement Company (SPPC) for large-scale combined cycle gas turbine
Trade Arabia
23/02/2025
Vodafone Qatar has announced its participation in the upcoming Web Summit 2025, one of the world's premier technology conferences. The event will be held from February 23-26, 2025, at the DECC in Doh
The Peninsula
23/02/2025
QNB Group has been presented with an award by Mastercard for having the fastest growing commercial credit card portfolio in Qatar.
This accolade highlights QNB's prominent position in the fi
The Peninsula
23/02/2025
Doha Bank proudly announces its sponsorship as a Platinum Level Partner of the highly anticipated Web Summit Qatar 2025, set to take place from 23rd to 26thFebruary at the Doha Exhibition and Convent
The Peninsula
23/02/2025
Gulf Warehousing Company (GWC) - one of the leading logistics providers in the MENA region, has been honoured with the prestigious 'Logistics Project of the Year' award for its Al Wukair Logistics Pa
The Peninsula
Financial Information Co.
P.O. Box 69410, Jeddah 11547, Saudi Arabia