Many large construction projects in Oman are developed under public-private partnerships (PPPs), whereby a state-linked institution joins forces with a private company or multinational to carry out a project in the common interest.
Many large construction projects in Oman are developed under public-private partnerships (PPPs), whereby a state-linked institution joins forces with a private company or multinational to carry out a project in the common interest.
Faced with public investment cutbacks and a broad economic slowdown in the wake of lower oil prices, Oman’s construction sector continues to grow at a brisk pace, bolstered by state-led diversification efforts, high income levels and relatively low labour costs. The building industry grew by a robust 10.4% in 2016, up markedly on the two...
Domestic output of both steel and cement has recorded a substantial rise amid recent price pressures, suggesting the supply of building materials will continue reliably at cost-effective levels as the country looks to clear a large infrastructure project pipeline on a tighter budget. With regional demand set to continue growing – by as much as...
With a multi-billion-dollar pipeline of public sector contracts and significant private sector developments planned for the remainder of the decade, the construction sector remains a highly significant and growing sector of the Omani economy. In the face of substantial headwinds driven by lower oil prices since the middle of 2014, the...
The development of a new cement plant at the Duqm Special Economic Zone (SEZ) marks a new chapter in Oman’s cement industry, as two rival domestic companies form a joint venture to target new markets. The two firms made announcements about the deal in mid-August 2016 via statements to the Muscat Securities Market. Oman Cement, which is based...
The aims of Oman’s latest five-year plan are being realised, as new developments spring up with a focus on the sectors with the most growth potential. Input from both public and private developers is spurring work on major projects catering to the transport and logistics, tourism, manufacturing, fisheries and mining sectors, while new...
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