Oman Construction

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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,...

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...

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...

Chapter | Construction from The Report: Oman 2015

The construction sector is witnessing rapid expansion in Oman on the back of government investment in major infrastructure projects. The government has budgeted an estimated $77.68bn for development projects as part of the 2011-15 five-year plan, up 113% over the previous five-year plan, with the Oman National Railway Project comprising 45% of the total value of all current transportation...

Although the sultanate’s petroleum wealth has traditionally provided a backbone for growth, efforts are well under way to diversify away from hydrocarbons. Oman Vision 2020 has laid out plans to boost industrialisation within the sultanate and to encourage the private sector to take a more active role in the economy and in the provision of jobs, both of which are billed as key drivers for growth.

A multibillion-dollar cash injection from the state is supporting new growth across Oman’s construction sector, amid efforts to encourage the industry to source labour, services and supplies locally to broaden the contribution to its economy.

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