Omani cement producer Raysut Cement Co, has signed a land lease and Port of Terminal services agreements with Port of Duqm Co for the construction of its US$30m grinding unit.
Commenting on the programme, Raysut Cement’s chief executive officer, Joey Ghose, said: "The Duqm unit, which comes after our recent acquisition of Sohar Cements in Oman will help us consolidate and strengthen our presence in Oman and the neighbouring Gulf markets. Our goal is to raise our capacity to 20 million tonnes by 2025 and eventually be a solid partner to infrastructure development and in turn nation building in the markets where we are present.”
Mr Ghose signed the agreement with CEO of Port of Duqm Co, Reggy Vermeulen, and construction of the plant has started.
