Oman's Al Wusta Cement Company will build a 50ha plant in Duqm.
Al Wusta is a joint venture between Oman Cement Company and Raysut Cement Company.
The Special Economic Zone Authority of Duqm (SEZAD) has granted a plot of land to Al Wusta.
Salim Abdullah Al Hajri and Mohammed Ahmed Omar Aideed, respectively the acting chief executive officers of Oman Cement and Raysut Cement, said Al Wusta has inked a usufruct agreement with SEZAD for the project.
In separate missives issued to the Muscat bourse, both firms said Al Wusta would build a cement plant on the plot.
This July, it was announced that consultants appointed by Oman Cement and Raysut Cement had each submitted a draft their feasibility studies about a potential project in Duqm, according to a report by Oman Daily Observer.