Core Viewpoint - China National Materials International Engineering Co., Ltd. has signed an EPC contract worth $298 million with Qassim Cement Company for a new cement production line in Saudi Arabia [1][2]. Group 1: Contract Details - The contract involves the establishment of a 10,000 TPD clinker cement production line at the existing plant in Buraidah, Qassim Province, Saudi Arabia [1]. - The scope of the project includes engineering, design, procurement, manufacturing, supply, insurance, delivery, inland transportation, storage, equipment handling, civil works, mechanical installation, electrical installation, testing, and commissioning [1]. - The contract value for the design, procurement, and supply executed by the company is $201.3 million, while the construction, installation, and equipment commissioning by the Saudi subsidiary amounts to $96.7 million [1]. Group 2: Project Timeline - The contract becomes effective upon the issuance of a prepayment bank guarantee and performance guarantee by the company, along with the receipt of prepayment and approval of the geological survey report and technical plan by the owner [2]. - The project is expected to produce clinker within 23 months and cement within 24 months from the start of the contract [2]. Group 3: Risk Considerations - The contract amount does not constitute a particularly significant contract for the company [3]. - The execution of overseas contracts may be influenced by complex factors, including exchange rate uncertainties [3].