Duqm economic zone signs usufruct agreement with Al Wusta Cement

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Oman: The Special Economic Zone Authority of Duqm (SEZAD) has signed a usufruct agreement with the Al Wusta Cement Company to establish a cement plant in Duqm. As per the terms of the deal the Al Wusta Cement has received a 500,000m2 plot in the zone for a duration of 50 years, according to the Oman News Agency. The new cement producer is a joint venture between Oman Cement and Raysut Cement.

Al Wusta Cement plans to start building the plant in 2018 with production scheduled for 2020. The unit will start with a production capacity of 5000t/day before raising this to 10,000t/day, subject to market demand.

Last modified on 11 October 2017

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