Libya lays foundation stone for $600m Nalut cement plant

Officials in western Libya have laid the foundation stone for a new cement plant in Nalut, with an estimated cost of $600m.

The facility, located in the Um al-Baqal area, will initially produce 12,000 tonnes of cement per day through two lines, with plans to raise capacity to 14,000 tonnes. It will manufacture Portland, sulfate-resistant and high-strength cement.

Nalut mayor Abdulwahab Hajjaj said the project would support the local economy, create jobs and strengthen national growth. Project director Jumaa Khalifa Abdullah said it was one of four investment initiatives in the region, alongside food security, petrochemicals and solar energy.

A quarter of the plant’s capital will be offered for public and foreign investment at 10 dinars per share, with the company expected to list on Libya’s stock exchange.