One of the most recurrent problems facing the MENA construction industry is the limited availability of crucial cement volumes. Builders are forced to meet their needs in foreign markets and this can be extremely costly. CEMENA was envisioned to respond to this problem and ensure volumes of cement production that will satisfy current an future demand aross the MENA region and create an investment vehicle capable of delivering exceptionally high returns to GFH investors.
In a deal with a estimated end value of US$ 2 billion, CEMENA is the product of a close collaboration with globally renowned technical partners Holtec and the China National Building Material Corporation and our strategic partners who include Emirates Islamic Bank, Associated Group and Capcom. The goal is to deliver an initial cement manufacturing capacity of 12 million tones per annum building to an eventual target of 24 million tones.
Currently, the GCC alone consumes 62 million tones of cement every year ands this figure is projected to increase by 40% over the next 3 to 5 years. Operating out of multiple plants across the MENA region, Cemena aims to produce 10% of the regions cement requirements in the future.