Kuwait: The Ministry of Commerce and Industry has banned all export and re-export of cement and other construction materials from Kuwait. However, it has allowed individual citizens to import construction materials for personal use. The ban is part of a raft of a measures intended to stem the increase in building material prices. The Kuwait News Agency has reported that cement prices rose after the resurgence of the coronavirus outbreak in India suspended Indian imports.
The ministry subsidises building materials including cement and concrete. In May 2021 it paid US$45m towards such subsidies. It continues to monitor the cement market and cement production for ‘unlawful’ price rises.
Kuwait’s cement production capacity is 9.0Mt/yr, while 2020 consumption was 6.0Mt.
