{"id":89243,"date":"2024-09-02T00:00:00","date_gmt":"2024-09-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/"},"modified":"2024-09-02T00:00:00","modified_gmt":"2024-09-02T00:00:00","slug":"even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/","title":{"rendered":"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H"},"content":{"rendered":"

CONSTRUCTION- <\/p>\n

Saudi cement companies posted a 16% bottom line increase in 1H, despite falling sales<\/strong> and higher fuel costs after Aramco raised prices between 58-136%<\/strong>, Al Riyadh<\/a> reports, citing industry sources. Production costs are expected to rise 8% to 12%, with per-ton costs reaching SAR 135. To counter these challenges, some companies are shifting to methane as a cheaper fuel alternative. The sector also faces declining demand due to reduced residential loans amid high interest rates. Companies are adopting cautious pricing strategies and exploring mergers to cut costs.<\/p>\n

AVIATION-<\/p>\n

PIF-owned developer Red Sea Global obtained an operating license for a water<\/strong> aerodrome at its Shebara Resort in the Red Sea<\/strong>, according to a statement<\/a>. <\/p>\n

SPEAKING OF SEAPLANES- <\/strong>Saudi Arabia and the Maldives will work together under an newly-signed agreement to improve the safety and security of seaplanes and airstrips, according to a statement<\/a>. <\/p>\n

\n

MANUFACTURING- <\/p>\n

Petrochemicals firm <\/strong>Chemanol<\/a><\/strong> plans to start producing methyl diethanolamine (MDEA) in <\/strong>4Q 2027<\/strong>, after it signed a licensing agreement with an undisclosed foreign company that owns the technology to produce the chemical, it said in a disclosure to Tadawul<\/a>. Chemanol aims to produce 25 tons of MDEA annually, which will be primarily earmarked for use in the oil and gas industry.<\/p>\n

FINTECH-<\/p>\n

Riyadh Air customers will be able to process their payments using Noon Payments<\/strong> gateway<\/strong>, in a bid to enhance the customer experience, according to a statement<\/a>. <\/p>\n

\n

INFRASTRUCTURE- <\/p>\n

Saudi Real Estate Infrastructure<\/strong> (better known as Binyah) has secured a SAR 660.4 mn <\/strong>water <\/strong>treatment project<\/strong> with the Royal Commission for Riyadh City, the parent company said in a filing to Tadawul<\/a>.<\/p>\n

\n

TECHNOLOGY-<\/p>\n

King Abdullah Medical Complex in Jeddah has tapped Al Moammar Information <\/strong>Systems<\/strong> for a SAR 59.8 mn project <\/strong>in one of its healthcare facilities, according to a filing to Tadawul<\/a>. The agreement will see MIS offer medical device maintenance and equipment repair services. No further details were provided. <\/p>\n","protected":false},"excerpt":{"rendered":"

Plus: Petrochemicals firm Chemanol plans to start producing methyl diethanolamine in 4Q 2027<\/p>\n","protected":false},"author":1,"featured_media":89244,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[54,93,142,10,208,66,2433],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-89243","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-aviation","tag-construction","tag-enterpriseam-ksa","tag-fintech","tag-infrastructure","tag-technology","wpautop","entry"],"acf":{"mongo_id":"a95bc14e-68c9-4c2f-a2d1-ddf5fdfb5747","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/9\/97.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H","related_issue":[89226],"teaser":"Plus: Petrochemicals firm Chemanol plans to start producing methyl diethanolamine in 4Q 2027","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/9\/.0a77ddcb-f5aa-43b7-b616-3b79890ece91.mp3"},"yoast_head":"\nEven with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H - KSA<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H\" \/>\n<meta property=\"og:description\" content=\"Plus: Petrochemicals firm Chemanol plans to start producing methyl diethanolamine in 4Q 2027\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/\" \/>\n<meta property=\"og:site_name\" content=\"KSA\" \/>\n<meta property=\"article:published_time\" content=\"2024-09-02T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H\",\"datePublished\":\"2024-09-02T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/\"},\"wordCount\":321,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1\",\"keywords\":[\"ALSO ON OUR RADAR\",\"AVIATION\",\"Construction\",\"EnterpriseAM KSA\",\"fintech\",\"infrastructure\",\"Technology\"],\"articleSection\":[\"ALSO ON OUR RADAR\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/\",\"name\":\"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H - KSA\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-09-02T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/ksa\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#website\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"name\":\"KSA\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#organization\",\"name\":\"KSA\",\"url\":\"https:\/\/enterpriseam.com\/ksa\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/42482.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/42482.svg\",\"caption\":\"KSA\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H - KSA","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/","og_locale":"en_US","og_type":"article","og_title":"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H","og_description":"Plus: Petrochemicals firm Chemanol plans to start producing methyl diethanolamine in 4Q 2027","og_url":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/","og_site_name":"KSA","article_published_time":"2024-09-02T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H","datePublished":"2024-09-02T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/"},"wordCount":321,"publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1","keywords":["ALSO ON OUR RADAR","AVIATION","Construction","EnterpriseAM KSA","fintech","infrastructure","Technology"],"articleSection":["ALSO ON OUR RADAR"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/","url":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/","name":"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H - KSA","isPartOf":{"@id":"https:\/\/enterpriseam.com\/ksa\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1","datePublished":"2024-09-02T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/ksa\/2024\/09\/02\/even-with-falling-sales-and-higher-costs-cement-companies-bottom-lines-grew-in-1h\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/ksa\/"},{"@type":"ListItem","position":2,"name":"Even with falling sales and higher costs, cement companies\u2019 bottom lines grew in 1H"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/ksa\/#website","url":"https:\/\/enterpriseam.com\/ksa\/","name":"KSA","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/ksa\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/ksa\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/ksa\/#organization","name":"KSA","url":"https:\/\/enterpriseam.com\/ksa\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/42482.svg","contentUrl":"https:\/\/ent.news\/internal\/42482.svg","caption":"KSA"},"image":{"@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/ksa\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/ksa\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/9\/97.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/89243","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/comments?post=89243"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/posts\/89243\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/issue\/89226"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media\/89244"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/media?parent=89243"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/categories?post=89243"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/tags?post=89243"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/brand?post=89243"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/ksa\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=89243"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}