Since at least the turn of the 21st century, the rising cost of construction materials has been a concern for many emerging markets, particularly those, like Oman, which are dependent on imports to cover a substantial proportion of demand. A dip in prices following the 2008-09 global financial crisis eased some of the pressure, albeit at a...
Demand for construction services has extended through 2015 driven by a solid pipeline of major public projects, as well as lively demand from the private real estate sector. Some of the infrastructure developments being implemented should keep contractors busy for years to come, and are expected to help maintain sector momentum through the...
With a wave of major public projects being implemented in sectors including energy, manufacturing, transportation and utilities, Oman’s construction industry is growing strongly. Demand also comes from the private real estate sector, where developers are delivering projects in thriving segments from grade-A office buildings to shopping malls...
Among the largest private sector employers in recent years, the Omani government is moving forward on national development projects aimed at expanding industrialisation, enhancing transport and diversifying the economy away from the hydrocarbons sector. This growth has not been without challenges, however, and the government has moved in recent years to introduce new...
Strong construction growth in Oman has been driven in large part by focused infrastructure spending, with the government offering a host of opportunities in its development of transportation megaprojects in recent years. “The country is still developing, so all projects which are vital to expanding infrastructure and catering to population growth are vital,” Vedat Koca,...
The construction sector in Oman is expanding rapidly on the back of government investment in major infrastructure projects, private sector-driven tourism development, and strong growth in the oil and gas industry. Vision 2020’s economic diversification strategy has already seen the government expand its infrastructure investment substantially in recent years, and while...
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