Saudi Arabia: Saudi cement producer Southern Province Cement (SPC) has signed a US$190.1m contract for the installation of a second production line at its plant in Bisha.
The contract will be executed over a period of 20 months. SPC said it will use a combination of Islamic financing and its own funds to finance the project.
In May 2012 the Saudi firm signed a US$188.5m turnkey contract with China's Sinoma for a third production line at SPC's plant in Tuhama. The project is expected to take 24 months to complete.