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

March 9, 2014 2:35 am

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.