Raysut Cement to set up JV with MSG Group for cement plant in Berbera
Raysut Cement Company (RCC), Oman’s largest cement manufacturer and a major player in the regional market, on Sunday announced joining hands with MSG Group in East Africa in a joint venture to set up a US$40 million cement grinding unit in Berbera, Somaliland.
Raysut has charted out a growth course across African and other global markets in line with the opportunities presented and within this strategy, East Africa is a major focus. The joint venture with MSG Group will help us strengthen Raysut’s ambitious foray into Somaliland and further endorse our growth vision
The MSG Group with headquarters in United Arab Emirates (UAE) and Djibouti is a conglomerate with subsidiaries in various business sectors ranging from manufacturing, telecommunication, petroleum, energy, export and importing of goods and logistics management.
The group is one of the largest and leading industrial conglomerates in the Horn of East Africa.