Global Investment House (GIH) has said cement companies in Oman, which were hurt by huge inflows of cheap cement from UAE, are now recovering as the neighbouring country s firms divert exports to other regional markets and demand picks up in both UAE and the Sultanate, Muscat Daily has reported. "Omani cement companies did well in the first half of this year due to increase in cement demand and diversion of UAE exports to other markets, " the GIH report said. "UAE cement firms would be further tempted towards the bigger Saudi market, which in turn may result in reduction of cement exports to Oman, thereby improving the sales volume of Omani firms, " the report added. Source: uaecement
Source:
http://www.uaecement.com/newsDetail.aspx?id=636
