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FINANCIAL NEWS
Oman Cement awards consultancy contract for Duqm plant
23 Feb 2012
(MENAFN) Oman Cement Company’s (OCC) chief executive, Jamal Shamis Al Hooti, said that the firm awarded a consultancy contract to study the viability of a cement plant in Duqm, reported Times of Oman.
Al Hooti added that in case the report showed that it was viable to establish the plant, and that the amount was enough to supply the local market and to export the rest, then the company would build the facility.
He also said that the study would cost around USD25,000, and would be financed by OCC and Raysut Cement.
It is worth noting that few years ago; the Omani government had provided a license to the Oman Cement and Raysut Cement to set up a joint cement plant in Duqm, as raw materials are available there.
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