FINANCIAL NEWS

Oman to invest heavily in profitable limestone industry

03 Dec 2015

(MENAFN) Oman’s Limestone industry has great potential and there are serious plans to develop it further and for new export markets, based on reports.

Additionally, there are enormous reserves of limestone in Oman, with the best limestone being found in Salalah; hence it can be used in various industries.

Oman is tactically positioned to serve India, which is poised for a high growth rate requiring major consumption of steel and cement for infrastructure demand.

Furthermore, enhancing the mining segment would have long-term benefits for the domestic economy, let alone the nation is the epicenter of the GCC region.

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