How would you assess the feasibility of privatising aspects of the utilities sector?
In the wake of growing water consumption driven by rapid population growth, the sultanate of Oman is working to substantially increase its seawater desalination capacity. The government’s successful record of working in collaboration with the private sector to deliver new utilities projects has painted a bright forecast for future partnerships, while amendments to the...
Rapid population growth and a host of planned investment in megaprojects across the tourism, transportation and infrastructure sectors have led to pressing new demand on Oman’s utilities sector. Already boasting a dynamic, liberalised and open market that has witnessed a number of successful power projects built and owned by private companies, Oman is now set to launch a...
As the sultanate’s oil and gas sector enters a renaissance period, moving back towards production levels of 15 years ago using enhanced oil recovery (EOR), and while new unconventional gas production offers new economic opportunities, the industry has found itself facing a shortage of human resources (HR). Recent estimates put Oman’s HR gap in the tens of thousands, and...
How do you assess the progress of the in-country value (ICV) initiative, and what additional mechanisms are needed to meet value retention targets?
A decade of rapid development in Oman has seen the sultanate’s population jump, while rising industrialisation and new construction projects have bolstered economic diversification under the Vision 2020 economic development plan. This has not come without costs, however, and natural gas consumption has sky-rocketed in recent years, driven by heavy new demand in the...
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