Saudi Arabia: Saudi City Cement Co to invest US$6.7m in alternative energy project


Updated Fri, 05 Dec 2014 13:37:45 GMT

Saudi cement producer City Cement Company has announced that it intends to invest US$6.7m in an alternative energy project. The Chinese engineering company Sinoma will carry out the project, anticipated to be completed by 30 June 2015. Without providing further details on the nature of the project, City Cement said that it will use its own funds and/or Murabaha financing to fund it.