# Duqm Cement Factory secures $21M loan for grinding plant

Raysut Cement subsidiary Duqm Cement Factory signed a deal with Ahlibank for a $21 million loan to construct a grinding plant in Duqm, Oman. Construction started in November 2020.

- Type: Investment
- Announced: 2020-12-16
- Where: Duqm, Al Wusta Governorate, Oman
- Value: $21.0M
- Status: under construction
- Products: ordinary Portland cement, Portland limestone cement, ground granulated blast furnace slag
- Sectors: [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Duqm Cement Factory](https://endata.com/companies/51934.md)
- [Raysut Cement](https://endata.com/companies/22518.md) (partner)
- [Ahlibank](https://endata.com/companies/51935.md) (investor)

## Sources

- [globalcement.com](https://www.globalcement.com/news/12423-duqm-cement-factory-secures-funding-for-duqm-grinding-plant), 2020-12-16: "We would like to extend our sincere gratitude and appreciation to Ahlibank for financing the Construction of Duqm Cement Factory’s new grinding plant in Duqm Industrial Estate."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.