Mubasher: The Special Economic Zone Authority of Duqm (SEZAD) signed on Thursday a usufruct agreement with the Al Wusta Cement Company (ACC) to establish a cement plant in Duqm.
Under the usufruct contract, the Al Wusta Cement Company got a 500 thousand square meters' land in the heavy industries to establish the plant, for 50 year- renewable durations, as reported by the Oman News Agency (ONA).
The ACC is the latest investment in Duqm Economic Zone. The company was registered as a limited liability company in partnership between Oman Cement Company and Raysut Cement Company, ONA added.
The construction work of the project is expected to begin in 2018 and the actual production begins in 2020, according to the company’s statement.
The project is expected to start production of 5,000 tons per day and will gradually increase to 10,000 tons per day according to the needs of the market.
The news agency also said that the company's production of cement will contribute to covering the deficit in domestic demand, whether from the public sector for infrastructure construction or private sector companies, and the rest of the production will be exported abroad.
It is also expected that the new project will provide many business opportunities for small and medium enterprises by moving the activities of supporting companies to produce cement, such as transport companies and rock detonation companies to supply raw materials from quarries to the factory.
