Construction in Oman – Construction outlook and Opportunities to 2023

Press Release

Market Research Hub (MRH) has actively included a new research study titled Construction in Oman – Key Trends and Opportunities to 2023 to its wide online repository. The concerned market is discoursed based on a variety of market influential factors such as drivers, opportunities and restraints. This study tends to inform the readers about the current as well as future market scenarios extending up to the period until forecast period limit; 2022. In addition, a deep analysis of the competitive landscape, including prime market players is also enclosed in this report.

Get Sample Copy of This Report @

Construction in Oman – Key Trends and Opportunities to 2023


Omans construction industry suffered a downturn during 2017-2018, contracting by 6.7% and 2.5% in real terms in 2017 and 2018 respectively, following an average annual growth of 9.3% during the preceding three years.

The governments efforts to enhance transport, tourism and industrial infrastructure will support the growth of the industry over the forecast period (2019-2023). The industrys output is expected to be supported by improvements in business confidence over the forecast period, which will drive investment in infrastructure, commercial, residential projects and energy infrastructure. The focus on the development of renewable energy infrastructure is also expected to drive industry growth. The government aims to generate 10% of the countrys total energy requirements from renewable sources by 2025.

Industry growth will also be driven by Omans 2040 Industrial Strategy, under which the government marks industrialization, diversification and privatization as growth opportunities. The government is investing in non-oil sectors to reduce the countrys dependency on the oil and gas sector; this will support the growth of the construction industry over the forecast period.

The industrys output value in real terms is expected to rise at a CAGR of 6.22% over the forecast period.

GlobalDatas “Construction in Oman – Key Trends and Opportunities to 2023”, report provides detailed market analysis, information and insights into the Omani construction industry, including –
– The Omani construction industry’s growth prospects by market, project type and construction activity
– Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Omani construction industry
– Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Key Highlights

– GlobalData expects the residential construction market to record a forecast-period CAGR of 7.56% in nominal terms, driven by public and private sector investments in the construction of new residential buildings to meet the demand for housing. The governments efforts to build affordable housing units are also expected to support the market output over the forecast period. In October 2018, the Ministry of Housing and the Supreme Council of Planning started the construction of the Barka integrated residential project. The project involves the construction of 1,000 housing units on a 350,000m2 area at Saqsouq in the Wilayat of Barka.

– Forecast-period growth in the commercial construction market will be driven by the governments efforts to promote tourism in order to support and diversify the economy and create jobs. Under the 2040 Tourism Strategy, the government aims to attract 11.7 million international and domestic tourists by 2040. The plan seeks to provide 80,000 rooms for accommodation and create 535,574 jobs by 2040. More than 30 public entities and 50 private entities will be involved in implementing the strategy, in which the government plans to invest OMR20.0 billion (US$51.9 billion) in the tourism sector by 2040.

– GlobalData expects the energy and utilities construction market to account for 37.0% of the industrys total value in 2023. The market will continue to expand over the forecast period, driven by the government efforts to promote renewable energy. The government aims to generate 10% of the countrys total energy requirement through renewable sources by 2025. In 2017, an agreement was signed between the Oman Investment Fund (OIF) and Ningxia Zhongke Jiaye New Energy and Technology Management Co. to construct a 1,000MW solar power plant in the central-eastern town of Duqm. The total investment in the project is anticipated to be OMR36.2 million (US$94.0 million), and is scheduled to be completed in two phases by the end of 2019.

– The infrastructure construction markets growth in the forecast-period will be driven by public and private sector investments in public transport infrastructure. In the 2019 state budget, the government allocated OMR1.2 billion (US$3.1 billion) for infrastructure projects. The government aims to encourage the development of the countrys road, airport and other core transport infrastructure, which is expected to support the markets growth over the forecast period. To boost investment in the countrys infrastructure projects, the State General Reserve Fund (SGRF) received government approval in 2018 to launch an OMR385.0 million (US$1.0 billion) infrastructure fund.

– The total construction project pipeline in Oman – as tracked by GlobalData, and including all mega projects with a value above US$25 million – stands at OMR81.3 billion (US$211.3 billion). The pipeline, which includes all projects from pre-planning to execution, is skewed towards late-stage projects, with 70.5% of the pipeline value being in projects in the pre-execution and execution stages as of February 2019.


– This report provides a comprehensive analysis of the construction industry in Oman.
– Historical (2014-2018) and forecast (2019-2023) valuations of the construction industry in Oman, featuring details of key growth drivers.
– Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
– Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
– Listings of major projects, in addition to details of leading contractors and consultants.

BROWSE Full Report NOW @


Table of Contents

    4.1. Economic Performance
    4.2. Political Environment
    4.3. Demographics
    4.4. Risk Profile
    5.1. All Construction
    5.1.1. Outlook
    5.1.2. Project analytics
    5.2. Commercial Construction
    5.2.1. Outlook
    5.2.2. Project analytics
    5.3. Industrial Construction
    5.3.1. Outlook
    5.3.2. Project analytics
    5.4. Infrastructure Construction
    5.4.1. Outlook
    5.4.2. Project analytics
    5.5. Energy and Utilities Construction
    5.5.1. Outlook
    5.5.2. Project analytics
    5.6. Institutional Construction
    5.6.1. Outlook
    5.6.2. Project analytics
    5.7. Residential Construction
    5.7.1. Outlook
    5.7.2. Project analytics
    6.1. Contractors
    6.2. Consultants
    7.1. What is this Report About?
    7.2. Definitions
    8.1. GlobalData at a Glance
    8.2. GlobalData Construction
    8.3. Disclaimer
    8.4. Contact Us

More Information………@@@

Enquire about this Report @

About Market Research Hub

Market Research Hub (MRH) is a next-generation reseller of research reports of different sector like construction market research   and analysis. MRH’s expansive collection of industry reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.

MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.

Contact Us

90 State Street,

Albany, NY 12207,

United States

Toll Free: 800-998-4852 (US-Canada)

Email: [email protected]


Read Industry News at: