Raysut Cement’s Expansion into Libya and North Africa: What This Means for Regional Investors and Entrepreneurs
SALALAH, SEPT 23 – Raysut Cement, the largest cement producer in the Sultanate of Oman, has signed a memorandum of understanding (MoU) with Libya Energy and Mining Bank (LEMB), a specialized developmental financial institution. The agreement aims to explore opportunities for marketing Raysut Cement’s products in Libya and neighboring markets, aligning with the company’s strategy to enhance its regional presence and tap into new markets.
The MoU was formalized at Raysut Cement’s headquarters in Muscat, with senior officials from both organizations in attendance. The collaboration is intended to boost trade cooperation, support Omani cement exports, and open up new avenues for investment, particularly in the North African region.
Eng. Ali bin Abdullah Al Zadjali, Chairman of Raysut Cement, emphasized that the partnership reflects the company’s long-term vision for international growth. He stated, “This collaboration presents promising opportunities for expansion. We are committed to ensuring that the quality of our products meets new market demands, which will also support economic diversification and elevate Oman’s standing in the global cement industry.”
Both parties highlighted their shared dedication to fostering strategic partnerships that stimulate economic development and create new prospects for cooperation. Raysut Cement continues to pursue an ambitious expansion plan targeting regional and international markets, focusing on delivering high-quality cement products that comply with global standards while laying the groundwork for broader, sustainable collaborations within the cement sector.
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Raysut Cement’s strategic partnership with Libya Energy and Mining Bank signals Oman’s expanding footprint in North Africa’s construction sector, offering Omani businesses a gateway to untapped regional markets. This move presents significant growth opportunities for investors and entrepreneurs to capitalize on increased demand for construction materials, while also highlighting the importance of quality and sustainable collaboration in supporting Oman’s drive for economic diversification.
