Raysut Cement strikes Somaliland agreement

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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 $7.5mn 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.

Source :construction week online.com

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