Construction
From The Report: Oman 2017
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With a multi-billion-dollar pipeline of public sector contracts and significant private sector developments planned for the remainder of the decade, the construction sector remains a highly significant and growing sector of the Omani economy. In the face of substantial headwinds driven by lower oil prices since the middle of 2014, the government is steering towards a diversified economy, even as it trims expenditures in the short term and delays some schemes created in the years when GCC states were enjoying windfalls from higher hydrocarbons revenues. Private sector home-builders, shopping mall developers and building materials suppliers see room for optimism in a country that experienced one of the fastest average population growth rates of any nation between 2011 and 2015, at 8.5% per year. This chapter contains an interview with Simon Buttery, CEO, Carillion MENA

Articles from this Chapter

Overview

Rebalancing act: State reorganises development priorities in response to lower hydrocarbons revenues
OBG
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With a multi-billion-dollar pipeline of public sector contracts and significant private sector developments planned for the remainder of the decade, the construction sector remains a highly significant and growing sector of the Omani economy. In the face of substantial headwinds driven by lower oil prices since the middle of 2014, the government is steering towards a diversified economy, even as it is trimming expenditures in the short term and delaying some schemes created in the years when GCC…

Interview

Remodelling the concept: Simon Buttery, CEO, Carillion MENA, on innovative approaches to funding construction projects
OBG
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Interview:Simon Buttery How much potential is there for the public-private partnership (PPP) funding model to boost major development projects in Oman? SIMON BUTTERY: Dependent economies across the MENA region are really struggling financially at the moment, which is resulting in them having to consider alternative forms and sources of funding to continue with their infrastructure investment plans. This economic and fiscal climate means that governments are becoming more reliant on the private…

Analysis

Development clusters: High-priority sectors set to receive boost from a series of large- scale construction projects
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The aims of Oman’s latest five-year plan are being realised, as new developments spring up with a focus on the sectors with the most growth potential. Input from both public and private developers is spurring work on major projects catering to the transport and logistics, tourism, manufacturing, fisheries and mining sectors, while new incentives are also being offered by the government to attract foreign investment. China-Oman Industrial Park In May 2016 a landmark agreement was signed between…

Analysis

Forging bonds: Two domestic cement producers join forces in a new venture
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The development of a new cement plant at the Duqm Special Economic Zone (SEZ) marks a new chapter in Oman’s cement industry, as two rival domestic companies form a joint venture to target new markets. The two firms made announcements about the deal in mid-August 2016 via statements to the Muscat Securities Market. Oman Cement, which is based in the north of the country, and Raysut Cement, headquartered in Salalah in southern Oman, have enjoyed healthy turnover thanks to the continued growth of…