Saudi commerce ministry issues 158 steel, cement export licenses

Saudi Arabia’s Ministry of Commerce and Investment has issued 98 steel export licenses and 60 cement export licenses since the approval of the updated exports regulations, Al-Eqtisadiah newspaper reported, citing the ministry’s spokesman Abdulrahman Al-Hussain.

The ministry has issued one cement export license and two steel licenses year-to-date (YTD).

The issued licenses met all regulatory requirements set by the ministries of commerce, finance, industry and environment, he said, adding that the rise in issued licenses reflects the growth of cement and steel exports.