By: Michael Fahy
Somalilandsun – Oman’s Raysut Cement has announced that it has agreed a deal with Barwaaquo Cement of Somaliland to operate a joint venture in the country.
The pair will build a $7.5m terminal in the port city of Berbera which will have the ability to store and distribute both bagged and bulk cement set to be delivered from Oman by sea.
It will have a capacity to store up to 12,000 tons of cement by the time it completes at the end of 2015.
Raysut Cement’s CEO Eng. Salim Bin Alawi Bin Mohammed Baabood said geographic expansion is one of the firm’s main goals as Oman’s biggest cement producer looks for alternative sources of revenue.
This agreement yet to be confirmed by the government of Somaliland was published by Constructionweekonline.
The Raysut Cement Company -RCC is within the Gulf countries a leading regional producer of cement, and the biggest producer in Oman, and United Arab Emirates. For on RCC visit the Company’s official site http://www.raysutcement.com.om/