Oman imports 54 per cent of its cement requirements
The feasibility study for the much-delayed cement factory planned at Duqm in Omans southern governorate has been completed and is under review.
The plant will be owned by Al-Wusta Cement, a joint venture formed in 2016 by Oman Cement Company and Raysut Cement Company.
The plant aims to meet the requirements of companies setting up in the social economic zone in Duqm as well as target export markets in the GCC, East Africa and the Indian sub-continent.
It will also help offset the widening deficit in capacity, which has resulted in Oman importing 54 per cent of its cement requirements, a local media report said.
It is understood that Omans National Programme for Enhancing Economic Diversification (Tanfeedh) supports the programme to establish up to three new cement plants in Duqm.
Tanfeedhs plan is understood to include the construction of two cement plants each having a capacity to produce 3 million tonnes annually, and a third plant to initially produce 300,000 tonnes of white cement a year.
Earlier a joint venture of local Al-Anwar Holdings and Iran-based Hormozgan Cement has been formed. Hormuz al-Anwar Cement plans to build a $27.3m cement plant in Duqm with a capacity of between 600,000 tonnes and 1 million tonnes a year.
You might also like...
McDermott completes financial restructuring exercise
28 March 2024
Region heads for hotel boom
28 March 2024
Lowest bidders emerge for Kuwait housing project
28 March 2024
Redcon wins Red Sea Triple Bay infrastructure deal
28 March 2024
A MEED Subscription...
Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.