Upgrades to the transportation infrastructure continue to drive sector expansion. Between 2011 and 2015, the government plans to invest some $10.7bn on infrastructure projects alone, with state spending on affordable housing also set to provide opportunities for contractors. Sector growth was expected to reach 5.5% in 2013, bringing total industry value to $4.3bn.
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Oman Construction
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Chapter | Construction from The Report: Oman 2014
A programme by the Omani government to pour billions into infrastructure to help support long-term economic diversification is benefiting the Sultanate’s construction sector, which will likely see its order books filled for years to come.
Economic update | Oman: Construction profit warning
18 Apr 2013
A number of new projects, concentrated on bolstering Oman’s infrastructure backbone, are currently filling the order books of domestic construction firms. However, some industry insiders have warned new regulations and a rising wages bill could see profit margins eroded even as activity increases.
Articles & Analysis | Sustained activity: Diversified projects have meant more work for contractors, but competition is heating up from The Report: Oman 2013
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...
Articles & Analysis | Setting a foundation: Spate of local and regional projects should give cement prices a boost from The Report: Oman 2013
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.
Articles & Analysis | Mixing it up: New projects are adding value to the industrial and tourism sectors from The Report: Oman 2013
As Oman’s construction sector grows, the types of building projects under way are becoming more diversified. One of the most significant trends is the increase of mixed-use developments. In terms of housing, mixed-used developments are becoming more popular among Omanis – who typically prefer villas – because of the improved quality of the...