Saudi Arabia plans to offer seven licenses for cement plants before the end of the year, Okaz reported, citing Deputy Minister for Mineral Resources Sultan Shawli.
A license-holder can own 50 percent of the cement plant while the balance must be sold in an initial public offering, the Jeddah-based newspaper said, citing Shawli. The Ministry of Petroleum and Mineral Resources has selected 16 limestone sites across the kingdom, the newspaper said, citing the official.
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