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    Local, Italian companies partner up to establish food retail chain in Egypt

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    Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

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    Azerbaijan, Iraq discuss prospects of relations

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    Oman inks pack to bolster role of SMEs in food systems

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      Turkey eyes $5bn bilateral trade with Qatar

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      Deal signed to set-up first factory in Qatar to assemble electric vehicles

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      Foundation stone laid for new 700-bed hospital is Salalah, Oman

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      Iraq set to award new Faw Port deals

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      Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

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      Miral’s premier Abu Dhabi waterfront project work on track

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        Investments in renewables in Egypt reach LE6 bn: Official

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        Acwa Power inks finance deals for 900MW Dubai solar park

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          Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

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          UAE sends medical aid to Iraq to fight COVID-19

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          UAE launches phase III trial of inactivated Covid vaccine

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          COVID-19 vaccine could be available by autumn: Oxford University

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          Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

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          Saudi to be among world’s big leisure tourism hubs by 2030

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          Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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          Ministry signs agreement to support Oman’s honey industry

          Ministry signs agreement to support Oman’s honey industry

          Local, Italian companies partner up to establish food retail chain in Egypt

          Local, Italian companies partner up to establish food retail chain in Egypt

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Egypt’s agriculture minister stresses importance of boosting intra-regional trade cooperation among African states

          Azerbaijan, Iraq discuss prospects of relations

          Azerbaijan, Iraq discuss prospects of relations

          Oman inks pack to bolster role of SMEs in food systems

          Oman inks pack to bolster role of SMEs in food systems

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          MAFWR, Port of Duqm sign MoU

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            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Egypt’s Trade minister, Hungarian ambassador discuss economic relations

            Turkey eyes $5bn bilateral trade with Qatar

            Turkey eyes $5bn bilateral trade with Qatar

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Deal signed to set-up first factory in Qatar to assemble electric vehicles

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Railway line to be built between Mosul, Turkey: governor of Nineveh

            Local, Italian companies partner up to establish food retail chain in Egypt

            Local, Italian companies partner up to establish food retail chain in Egypt

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            Madayn working on major Oman industrial city projects

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Foundation stone laid for new 700-bed hospital is Salalah, Oman

            Iraq set to award new Faw Port deals

            Iraq set to award new Faw Port deals

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Egypt implements 164 service and development projects at LE4.8 billion in North Sinai

            Miral’s premier Abu Dhabi waterfront project work on track

            Miral’s premier Abu Dhabi waterfront project work on track

            Aecom wins Neom utilities infrastructure design contract

            Aecom wins Neom utilities infrastructure design contract

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              Investments in renewables in Egypt reach LE6 bn: Official

              Investments in renewables in Egypt reach LE6 bn: Official

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              Egypt signs 8 gas exploration contracts worth $934mn over 15 months

              JGC lands $3.7bn Iraq refinery upgradation project deal

              JGC lands $3.7bn Iraq refinery upgradation project deal

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              Tadweer opens phase 2 of solar power plant at Al Dhafra

              France to help Iraq generate electricity, will invest in education, science: Macron

              France to help Iraq generate electricity, will invest in education, science: Macron

              Acwa Power inks finance deals for 900MW Dubai solar park

              Acwa Power inks finance deals for 900MW Dubai solar park

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                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                Coronavirus: UAE conducting human trials for Covid-19 vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                GSK to develop plant-based COVID-19 vaccine with Canada’s Medicago

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                Egyptian COVID-19 drug to be on market in two weeks: Health Ministry

                UAE sends medical aid to Iraq to fight COVID-19

                UAE sends medical aid to Iraq to fight COVID-19

                UAE launches phase III trial of inactivated Covid vaccine

                UAE launches phase III trial of inactivated Covid vaccine

                COVID-19 vaccine could be available by autumn: Oxford University

                COVID-19 vaccine could be available by autumn: Oxford University

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                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Qatar has ‘solid’ line-up of infrastructure, hospitality projects to prepare for large influx of visitors in 2022: OBG

                Saudi to be among world’s big leisure tourism hubs by 2030

                Saudi to be among world’s big leisure tourism hubs by 2030

                Qatar’s hospitality sector peaks despite turbulent 2020

                Qatar’s hospitality sector peaks despite turbulent 2020

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Accor inks deal to manage first Swissôtel-branded hotel and residential project in Qatar

                Staycations to stimulate Qatar’s hospitality sector

                Staycations to stimulate Qatar’s hospitality sector

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

                Quarantine rule to give a boost to Qatar’s hospitality industry in Q3: CWQ report

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              Cement demand in Qatar expected to grow

              The Peninsula

              June 9, 2013
              in Infrastructure
              0

              Triggered by a boom in real estate and construction activities in Qatar and Oman, revenue of GCC cement companies grew by 13.8 percent to reach $1.4bn in Q1 2013.

              The top-line of Qatari companies increased the most during the quarter by 10 percent. Oman stood second reporting a growth of six percent, while Saudi Arabia reported an increase of 3.2 percent during the first quarter.

              Qatar witnessed a sizeable increase in profitability by 12.8 percent year-on-year in Q1, 2013. Profitability reached $47.2m in the first quarter as compared to $41.8m in Q1, 2012. Consolidated revenues of the sector increased by 10 percent to $106.5m during Q1, 13 as compared to $96.7m in Q1, 12. The reported increase in the sales revenue can be to the growth in sales reported by Qatari Investors Group Company. It's revenue increased by 37.4 percent, a market analysis by Global Investment House (GIH)noted.

              Cement price in Qatar have remained mostly constant since last couple of years. In Q1, 13, average cement prices in Qatar remained around same at $70.1/ton which was equal to the average in 2012 and 2011. The same prices have prevailed since last couple of years because of government control.

              The report noted debt levels of the Qatar's cement sector decreased by 6.0 percent to $291.5m in Q1, 13 as compared to $310.0m in Q1, 12. Qatar National Cement Company was able to shed off more than 75 percent of its debt during the period.

              In terms of margins, Qatari gross margins rose to 49.1 percent in the first quarter of the current year as compared to 42.5 percent witnessed in Q1, 12. Amongst the two companies, Qatari Investor Group profit was higher at 56.7 percent while that of Qatar National Cement Company (QNCC) was at 45.6 percent.

              Net margins increased to 44.3 percent in Q1, 13 compared to 43.2 percent in the same period last year. Qatari companies are shifting to a more efficient and operative environment, as non-core income contribution to net profits deceases and all other factors including revenue and operating profit increase.

              The analysts noted that QNCC is going to increase its cement capacity by 0.93mtpa to 5.36mtpa owing to expectation of increase in demand in the coming years. QNCC is expected to increase capacity by a new 5,000tpd production line to face upcoming demand and to continue to position itself as the largest producer in Qatar.

              The GIH Global Research estimates that the demand for 2013 provided by government authorities to the Company are higher than current demand of 3.5-4.0mtpa (metric tons per annum).

              The estimated the average demand in Qatar during 2013-15 would be 5.5mtpa which is expected to rise further to 10.0mtpa during 2017-20 as the large scale projects related to the World Cup 2022 near.
              The Peninsula
              9 June

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