Gulf Finance House's $2 Billion Cement Project to Help Meet Booming Demand in Middle East

JOHANNESBURG--May 8, 2008--Researched by Industrial Info Resources (Sugar Land, Texas)--Demand for cement in the Middle East and North Africa (MENA) region is being pushed along at pace by an enormous growth in the real estate sector, as well as major private and state-driven infrastructure projects. European demand for cement produced in the MENA region has been also spurred production expansion. The Gulf Cooperation Council (GCC) says cement consumption is expected to rise 40% in the next three to five years from the current level of 62 million tons per annum.