| Element List | Explanation |
|---|---|
| Introduction | Qassim Cement Company pleased to announce the signing of a contract with Sinoma International Engineering for the project of establishing a fourth production line at its plant site in Buraydah city, with a production capacity of 10,000 TPD. |
| Date of Announcement of the Award | 2025-08-14 Corresponding to 1447-02-20 |
| Contract Subject Matter | Project of establishing a fourth production line at its plant site in Buraydah city with a production capacity of 10,000 TPD |
| The Entity with Which the Contract was Signed | Sinoma International Engineering Company |
| Date of Signing the Contract | 2025-08-14 Corresponding to 1447-02-20 |
| Contract Value | 298 million USD |
| Contract Details | The contract was signed with Sinoma International Engineering Company based on a complete EPC contract for a cement production line with a capacity of 10,000 TPD at the company’s current plant site in Buraydah city according to the latest technologies in cement industry. |
| Contract Duration | 24 Months |
| Financial Impact and the Relevant Period | It is expected that this project will enhance energy efficiency, which will positively impact production costs, starting from the commencement of commercial operations. |
| Related Parties | None |
| Additional Information | On this occasion, Eng. Omar Al-Omar, CEO of Qassim Cement Company, emphasized that the project is designed to replace certain outdated, low-efficiency production lines with a modern, advanced line. This initiative aligns with the Kingdom’s objectives to enhance energy efficiency and promote environmental sustainability. He further stated that the project aims to optimize the utilization of the existing plant infrastructure and marks a pivotal contribution to the company’s sustainable growth strategy—focused on maximizing shareholder value, meeting domestic demand, and diversifying product offerings in accordance with Saudi’s Vision 2030. Eng. Al-Omar concluded by extending his sincere gratitude for the unwavering support received from the Ministry of Energy, the Ministry of Industry and Mineral Resources, and all governmental entities that facilitate and empower the industrial sector across the Kingdom. |
| Attached Documents | Attached Documents |