One of the largest planned construction investment in the country is Oman’s national railway, estimated at $15bn. The government, funding the project with support from other GCC states, hopes that it will be a catalyst for economic diversification and underpin the long-term growth of sectors like manufacturing and logistics. The railway will link the major ports and...
The government is by some measurements the largest source of demand for construction services in Oman. In recent years the sultanate has wholeheartedly embraced competitive tendering, encouraging private and international firms to participate as much as possible. Almost all public sector procurement is conducted under the Tender Law, promulgated...
Tracking the resurgence of the construction sector, and the property market across the region, Oman’s cement industry is enjoying rising profitability, and looks to ramp up production as demand increases domestically and internationally. Cement demand across the GCC is expected to grow 6-7% in 2014, up from 4-5% in 2013, according to an October...
With a range of big-ticket projects coming on-stream as the country gears up its economic diversification strategy, Oman’s construction sector is seeing something of a resurgence. The market is highly competitive, thanks in no small part to the government’s encouragement of foreign and private sector participation. This is in turn squeezing...
A range of construction projects lie at the heart of Oman’s growing economic development. From infrastructure to housing and from tourism to health care, contractors and construction firms are playing a major role in facilitating economic growth in the sultanate. Much of the expansion is driven by a desire to convert Muscat into a more appealing...
The large number of ongoing or expected construction projects in Oman is positively impacting a range of industries and sectors throughout the country’s economy. The cement segment is no exception to this trend. After experiencing a period of lower prices during 2011, the industry is expected to grow steadily over the coming three to four years.
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