Uncategorized
Oman’s third cement factory to start operations this year
Suhar Cement, coupled with several new cement projects coming up in Duqm Special Economic Zone, is expected to reduce Oman’s construction sector’s dependence on imported cement
The construction of Suhar Cement, Oman’s third cement mill jointly developed by Sohar Cement and UAE-based Fujairah Cement Co, is nearing completion and the plant is expected to start operations later this year. Sohar Cement has 70 per cent stake in the company, while Fujairah Cement Co owns the remaining 30 per cent.
Muscat-based Oman Cement and Salalah-based Raysut Cement are the two existing players in this vital sector, and the Sultanate is currently importing over half of its cement demand.
Suhar Cement, being developed within Phase 7 of Suhar Industrial Estate and equipped with 240-tonne per-hour grinding unit, coupled with several new cement projects coming up in Duqm Special Economic Zone, is expected to reduce Oman’s construction sector’s dependence on imported cement.
Although the plant was expected to start operations in the first quarter of 2018, the project was delayed due to the lack of power supply and paved road to the site of the plant. However the intervention of Implementation Support and Follow-up Unit (ISFU) — a special task force of the Diwan of Royal Court, helped the company address these impediments.
-
Economy1 month agoOMIFCO IPO: Price, Dividends, Subscription Dates and Listing – Here’s Everything You Need to Know
-
News2 weeks agoINVESTIGATION: Why Nokia Could Matter More in the Quantum Age Than It Ever Did in Mobile
-
Magazines4 weeks agoOER May 2026 Edition: The Digital Copy
-
Investment4 weeks agoWhy Are Tech Stocks Rising Again – And Is It Too Late To Invest In Them?
-
Economy2 weeks agoOMIFCO Successfully Completes Bookbuilding & Sets Final IPO Offer Price
-
Banking & Finance1 month agoOman Arab Bank marks successful listing of $400mn AT1 Bond on London Stock Exchange
-
Economy1 month agoSpaceX’s US$2T Historic Market Debut: Is SPCX Worth the Hype and How Can Oman Investors Buy It?
-
Magazines1 month agoSignature Oman: May 2026 Edition


You must be logged in to post a comment Login