Oman’s Raysut Cement Co has established a partnership with MSG Group to set up a grinding unit in Somaliland.
The 1Mta unit is expected to be constructed in Berbera, Somaliland, at an investment of around US$40m. Raysut reportedly has 55 per cent of the share capital of the project, according to Reuters.
MSG Group of Companies through its DIFC Dubai based subsidiary company Horn Holding Group ltd (HHG) has signed an agreement with Bedeschi SPA for the construction of phase 1 of a full cement plant which will take about 18 months with an installed production capacity of 700 000 tpy of…
The government of Somaliland, today, ceded ownership of old Berbera cement plant to a new company jointly set up by Dahabshiil Group, Berbera Group and the Kuwaiti Kipco. Minister Omar Shuaib, introducing the new company – Red Sea Cement, expressed his delight that a settlement has been reached on starting…
By: Mohamed Duale, Horndiplomat Editor Hargeisa, Somaliland – In a historic step to strengthen bilateral relations, Somaliland President Abdirahman Mohamed Abdullahi (Irro) has embarked on his first official visit to the United Arab Emirates (UAE). The trip follows an official invitation from the UAE government, reflecting the deepening ties between…
