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Gulf states invested USD18.1 bln in cement, lime, plaster production in '15 - report.

DOHA, June 19 (KUNA) -- The Gulf Organization for Industrial Consulting (GOIC) announced Sunday that the Gulf Cooperation Council (GCC) member states' investments in manufacturing cement, lime and plaster have reached USD 18.1 billion in 2015. In its report published by the Gulf Industrial Knowledge Centre (GIKC), the GOIC stated that the number of factories manufacturing cement, lime and plaster in the GCC jumped from 59 in 2011 to 69 in 2016, a compound annual growth rate (CAGR) of 4 percent. In addition to that, the report highlighted the surge of investments from USD 15.43 billion to USD 18.10 billion, a CAGR of 4.1 percent for the same period, while labour force expanded from 25,304 to 26,469 workers, a CAGR of 1.1 percent. Furthermore, data of GOIC's Industrial Information Unit revealed that the manufacture of cement, lime and plaster represented approximately 2.4 percent of the total factories, 47.3 percent of the total investments and 9.7 percent of the total labour force in the field of building materials manufacture in 2015. The manufacture of cement, lime and plaster includes the manufacture of clinkers and hydraulic cements, including Portland, aluminous cement, slag cement and superphosphate cements, the manufacture of quicklime, slaked lime and hydraulic lime and the manufacture of plasters of calcined gypsum or calcined sulphate. The Doha-based GOIC is a regional organization that brings together the United Arab Emirates, the Kingdom of Bahrain, the Kingdom of Saudi Arabia, the Sultanate of Oman, the State of Qatar, the State of Kuwait and the Republic of Yemen. It is an advisory knowledge-based institution aiming at developing regional industries by providing data, information, specialized researches, consultations and technical services for the public and private sectors in GCC countries. (end) nnd.ibi

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Publication:Kuwait News Agency (KUNA)
Date:Jun 19, 2016
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