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Sinoma International: contract value USD 298 million
ByAinvest
Friday, Aug 15, 2025 4:51 am ET1min read
Sinoma International: contract value USD 298 million
Qassim Cement Company has announced the signing of a contract with Sinoma International Engineering for the establishment of a fourth production line at its plant site in Buraydah, Saudi Arabia. The contract, valued at USD 298 million, is a significant milestone for the company as it aims to enhance energy efficiency and promote sustainable growth [1].The project involves the construction of a new production line with a capacity of 10,000 TPD (tons per day) at Qassim Cement's current plant site in Buraydah. The contract was signed on August 14, 2025, and is expected to be completed within 24 months. The agreement is structured as a complete EPC (Engineering, Procurement, and Construction) contract, utilizing the latest technologies in the cement industry [2].
The financial impact of this project is anticipated to be positive, with the new line designed to replace outdated, low-efficiency production lines. This initiative aligns with Saudi Arabia's Vision 2030 objectives, focusing on energy efficiency, environmental sustainability, and maximizing shareholder value [2].
Eng. Omar Al-Omar, CEO of Qassim Cement Company, expressed gratitude for the support received from various governmental entities, including the Ministry of Energy and the Ministry of Industry and Mineral Resources. This project is part of Qassim Cement's strategy to optimize existing infrastructure and diversify its product offerings, contributing to the Kingdom's industrial sector growth [2].
References:
[1] Reuters News, Qassim Cement - Signing of a Contract with Sinoma International Engineering, https://www.tradingview.com/news/reuters.com,2025:newsml_FWN3U60QR:0-qassim-cement-signs-298-million-contract-with-sinoma-international-engineering/
[2] Qassim Cement Company, News Release, Qassim Cement announces the signing of a contract with Sinoma International Engineering, https://www.qcc.com.sa/news/203/en/Qassim-Cement-announces-the-signing-of-a-contract-with-Sinoma-International-Engineering-for-the-project-of-establishing-a-fourth-production-line-at-its-plant-site-in-Buraydah,-with-a-production-capaci.../
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