Raysut Cement Company, the Omani group, has announced that its wholly owned subsidiary, Pioneer Cement Industries, based in the UAE, has signed a deal for the development of a limestone mine near Tbilisi in the Eastern European nation of Georgia. In a filing to the Muscat Securities Market, the company said that the 10-year deal will see SFL International pay a royalty to Pioneer Cement for the mining of the limestone. It will have a production capacity of 1.2 million tonnes per annum. The investment into Georgia provides Pioneer Cement with an opportunity to diversify from the Middle East, into a market with large infrastructure growth and high-quality cement.