Riyadh - Mubasher: Qassim Cement Company has signed a $298 million contract with Sinoma International Engineering to establish its fourth production line at the company’s existing plant site in Buraydah City.

The new line will have a production capacity of 10,000 tons per day (TPD), according to a press release.

Omar Al Omar, CEO of Qassim Cement, affirmed that the project is developed to replace certain outdated, low-efficiency production lines by incorporating the latest technological advancements in the field.

In line with the Saudi’s Vision 2030, the initiative contributed to improving energy efficiency and promoting environmental sustainability.

Al Omar added that the project aims to optimize the utilization of the existing plant infrastructure, supporting the company’s sustainable growth strategy focused on maximizing shareholder value, meeting domestic demand, and diversifying product offerings.

In the first half (H1) of 2025, the Tadawul-listed company logged net profits valued at SAR 149.68 million, up 2.77% from SAR 145.63 million as of 30 June 2024.