Jehad Al Rasheed, CEO of Yamama Cement Co.
Yamama Cement Co.’s board of directors is studying the development potential of the old factory land located south of Riyadh to transform it into a city dedicated to clean industries and logistic services, CEO Jehad Al Rasheed told Argaam.
During an interview with Argaam at the inauguration ceremony of Yamama Cement's new plant in the Northern Halal region of Al-Kharj province, Al Rasheed highlighted the land's market value profitability, noting its book value at SAR 1 per square meter.
With a total area of 4.71 million square meters, the land is owned by Yamama Cement and secured through an electronic deed.
"We are currently in the process of studying the matter, and once we obtain the necessary regulatory approvals, we will provide further details," Al Rasheed added.
Responding to inquiries about government support for fuel prices at the new plant, he clarified that there are no special gas prices for Yamama Cement. The company adheres to the local prices set by the ministry, consistent with other national companies.
Regarding the environmental impact of the new plant's operations, the CEO emphasized Yamama Cement's commitment to employing the latest global technologies to ensure industrial processes with environmentally friendly standards.
Al Rasheed pointed out the absence of smoke or dust both within and outside the factory. Gas transport pipes are used to harness heat for additional operations, while water is treated for irrigating trees and green areas. The company aims to plant one million trees by 2030.
According to data available on Argaam, Yamama Cement inaugurated its new plant in Al-Kharj on March 6, covering an approximate area of 10 square kilometers, with an investment value of about SAR 6 billion.
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