Chinese investors to build cement plant in Oman
Published by Joseph Green,
Editor
World Cement,
Reuters are reporting that a group of Chinese investors have signed an agreement to build an industrial park at Oman's southern port of Duqm.
The Omani government is attempting to develop the area around Duqminto into a major business zone as part of efforts to diversify the economy beyond oil.
The industrial park deal could provide a big boost to that project and reduce pressure on Omani state finances.
Planned investments include a cement plant.
Yahya al-Jabri, chairman of the Omani state authority developing Duqm, predicted the 1172-hectare industrial park would attract US$10 billion of investment by 2022, including US$370 million which the Chinese side would spend on infrastructure.
Edited from source by Joseph Green. Source: Reuters
Read the article online at: https://www.worldcement.com/africa-middle-east/24052016/chinese-investors-build-cement-plant-oman-157/
You might also like
The World Cement Podcast - What's next for US Cement?
In this episode of the World Cement Podcast, we are joined by Mike Ireland, President and CEO of the ACA or American Cement Association. Listen in as Mike and David dive into a range of topics, including the ACA’s recent rebranding efforts, decarbonisation, policy and legislation, and the impact of AI on cement demand.
Tune in to the World Cement Podcast on your favourite podcast app today.
