Saudi Arabia: Riyadh Cement has awarded Tianjin Cement Industry Design and Research Institute a US$14.9m contract for the implementation of its ‘Light House’ project, which aims to improve the efficiency and sustainability of its operations. The contract has a duration of 24 months. The Chinese company will deploy digital technologies, automation, industry 4.0 applications, AI, advanced data analytics and process optimisation, as well as implement predictive maintenance and other solutions to improve energy efficiency.
The financial impact of the project will be reflected in Riyadh Cement’s financial results according to the implementation phases of the contract, with the operational and financial benefits expected to be realised progressively throughout the project period.
