Sunday, October 8, 2017

Oman plans new cement plant in Duqm

The SEZ Authority in Duqm (Sezad) and Wusta Cement Company, a partnership of Oman Cement Company and Raysut Cement Company, have signed a land use deal to build Oman’s third cement plant at the Duqm Special Economic Zone (SEZ).

Under the terms of the agreement, the Wusta Cement Company will acquire a 500,000 sq m plot within the Heavy Industrial Zone on lease for 50 years, renewable for a further period, reported Oman Observer.

Construction work on the new cement plant will commence next year with production expected to commence in 2020.

Total investment in the project is estimated at RO225 million ($582 million). Capacity is envisaged at 5,000 tonnes per day of cement corresponding to a project size that will create a total of 389 jobs for Omanis and expatriates. Another option under consideration envisions an output of 10,000 tonnes per day with the potential to create 405 jobs. – TradeArabia News Service

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