Utilities

Driven by rapid industrialisation, a growing population base and state-funded investments in major infrastructure projects, demand for electricity and water has surged in Oman over the past decade. Peak power demand on Oman’s Main Integrated System has more than doubled since 2006, and water demand has almost tripled. Growth forecasts for each range from 6% to 10% over the coming years. The need to increase power and potable water capacity should insulate planned projects from austerity cuts, and ambitious government-driven procurement strategies will provide a host of opportunities for private sector investors seeking solid returns from a single-buyer system. With detailed strategies in place, strong demand growth and a robust regulatory framework supporting private investment in power and water, Oman’s utilities industry is poised to see continued growth.