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Oman’s spending on infrastructure to drive demand on cement: study

: Sunday, March 09 - 2014 @ 02:35

Al Maha Financial Service has said Oman’s long-term plans and initiatives to develop transport infrastructure, tourism facilities and industrial zones are expected to drive the country’s demand on cement an annual rate of 6% for the next four years, Times of Oman has reported. A bulk of the cement demand is met by the two major local players, Raysut Cement Co and Oman Cement Co, which have a combined annual clinker production capacity of six million tonnes and cement production capacity of 7.2 million tonnes. Besides the local companies, a chunk of the domestic demand is met by foreign players which currently account for nearly two million tonnes of cement sales in Oman, Al Maha said.

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Sunday, March 9- 2014 @ 2:35 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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