Etex has entered a strategic partnership with Kunooz Oman Holding to develop gypsum mining operations in Oman, aiming to leverage local resources for enhanced sustainable construction solutions.
Information on the Target
Kunooz Oman Holding is one of the foremost companies in Oman focusing on the mining of minerals and resources. Among its various subsidiaries, Kunooz Gypsum stands out, operating out of Salalah with two mining locations that cover an extensive area of 55 hectares. The company is strategically positioned to capitalize on Oman’s rich gypsum resources, playing a significant role in the construction sector, particularly in producing lightweight construction solutions such as plasterboards.
Industry Overview in Oman
The gypsum industry is essential for lightweight construction and is poised for substantial growth globally, anticipated to expand at a rate exceeding 4% annually through 2032. This growth is attributed to the increasing demand for sustainable and efficient building materials, which is driving innovation and investment in the sector.
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In Oman, the gypsum industry benefits from the country’s abundant reserves and strategic geographic location that facilitates access to international mar
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Etex
invested in
Kunooz Oman Holding
in 2026
in a Joint Venture deal
Disclosed details
Revenue: $4,026M