The Saudi Government Has Put Greater Emphasis on The Development of Healthcare

In recent years, the Saudi government has put greater emphasis on the development of healthcare, education and public services, resulting in a massive drive to develop the underlying infrastructure. The government has also announced the development of half a million residential units to drive stimulus in the domestic property market and help to cater for the country’s high youth population. The statistics which were sourced from a report release by Al Rajhi Capital featured a quote from their head of research, Dr. Saleh Alsuhabibani who said; “This pace of growth in Saudi Arabia is the highest in the GCC and the strong increase in net profits is purely organic due to higher cement dispatches, strong demand and effort by the government to stabilize cement prices in the Kingdom. " The report also confirmed that Saudi remains the cheapest manufacturer of cement by up to $14 per ton, making it a very attractive market for its GCC neighbours as an exporting economy. Source: uaecement