Cement News tagged under: foreign investment
Turkmenistan president calls for three more cement plants22 November 2019, Published under Cement NewsTurkmenistan’s President Gurbanguly Berdimuhamedov has instructed the Türkmensenagat State Agency that three new cement plants must be built in the country through foreign investment. President Berdimuhamedov stated the plants are required to satisfy domestic and export demand for cement, while also highlighting the necessity to reconstruct outdated enterprises. |
Pakistan attracts less FDI in cement and construction during 7MFY1926 February 2019, Published under Cement NewsForeign direct investment (FDI) into Pakistan during July 2018-January 2019 declined by over 17 per cent compared to same period last year, according to data released by the State Bank of Pakistan (SBP). The SBP data shows that the country received investments worth US$1.451bn during the first seven months of current fiscal year, down 17.6 per cent from US$1.761bn in the same period last year. Moreover, cement and construction sectors have also contracted. Out of total FDI, Pakistan's c... |
Saudi Arabia to invest US$20bn in Pakistan19 February 2019, Published under Cement NewsSaudi Crown Prince Mohammad bin Salman is investing US$20bn under phase one in Pakistan for number of projects in energy, petrochemicals, minerals, tourism and other projects. The crown prince, who is visiting Pakistan for two days on the invitation of Prime Minister Khan, was accorded a red carpet welcome and presented a guard of honour at the Prime Minister's House. Both government have signed number of MoUs to pave the way for mutual development of projects in future. Expert belie... |
FDI declines in cement and construction industry in 6MFY1921 January 2019, Published under Cement NewsPakistan received a total foreign direct investment (FDI) of US$1.31bn during the first six months of FY18-19 (July -Dec), compared to US$1.63bn received in corresponding months of last fiscal year. This translates a YoY fall of 19.17 per cent, says the State Bank of Pakistan (SBP). Out of which, Pakistan's cement and construction industry received foreign direct investment (FDI) of US$312.1m during the six months of FY18-19 (July -Dec), compared to US$380.50m received in corresponding mo... |
FDI Pakistan touches 53% growth in FY1818 July 2018, Published under Cement NewsPakistan's cement and construction industry received foreign direct investment (FDI) of US$766.3m during the 12 months of FY17-18 (July -June), compared to US$501.9m received in corresponding months of last fiscal year. This translates a YoY growth of 53 per cent, says the State Bank of Pakistan (SBP). The breakdown shows that cement industry attracted FDI of US$59m and the construction industry US$707.30m compared to US$36m and US$465.90m, respectively in July 2016-June 2017. According... |
Cuba looks for foreign investment to build US$400m plant05 November 2014, Published under Cement NewsAs part of a wider package of projects requiring some US$8bn of foreign investment, Cuba is looking overseas to finance the construction of a US$400m cement works in Holguín. Cuba needs foreign investment of US$2bn per year to achieve future economic growth of five per cent rather than the current one per cent, according to Minister of Foreign Trade, Rodrigo Malmierca. "Governments can do much to create a climate but eventually businesses the need to do business," admitted Malmierca for w... |
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