Construction
From The Report: Oman 2019
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As the second-largest driver of non-hydrocarbons growth and the sector that employs the greatest number of people, construction plays a key role in the development of Oman’s economy. While 2017 proved to be a difficult year for the industry, forecasts suggest a return to growth in 2018 and 2019 on the back of higher oil prices and a government-supported diversification plan. For domestic contractors, high Omanisation requirements and stiff competition from international peer companies remain long-term concerns, though clear land legislation and efforts to streamline the permitting process are supporting the overall business environment.

Articles from this Chapter

Overview

Building excitement: Activity in the sector picks up after a slow 2017, aided by higher oil prices and government initiatives
OBG
plus

As the second-largest driver of non-hydrocarbons growth and the sector that employs the greatest number of people, construction plays a key role in Oman’s economy. While 2017 was a difficult year for the industry, forecasts suggest a return to growth in 2018 and 2019 on the back of higher oil prices and a government-supported diversification plan. For domestic contractors, high Omanisation requirements and stiff competition from international companies remain long-term concerns, though…

Analysis

Mixing it up: Building in the sultanate receives a boost as plans for mixed-use developments forge ahead
OBG
plus

One facet of Oman’s continuing diversification drive is the construction of large, mixed-use developments that combine residential, commercial and office buildings. These spaces are set to support two of the five sectors targeted in the National Programme for Enhancing Economic Diversification, also known as Tanfeedh: tourism and manufacturing. The projects aligned with the tourism sector join residential and holiday properties with leisure and retail facilities, while the mixed-use spaces…

Overview

Sustainable urbanisation: As urban populations undergo rapid growth around the globe, planners are striving to create efficient spaces
OBG
plus

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Cities are seen as opportunity hubs for many rural dwellers. The UN estimates that by 2030 urban areas will host 60% of the world’s population – up from 54.5% in 2016 – with the pace of urban growth especially rapid across Africa and Asia. Urban areas are home to more than 470m people in Africa, or 40% of the continent’s population, up from 14% in the middle of the…

Overview

Sustainable urbanisation: As urban populations undergo rapid growth around the globe, planners are striving to create efficient spaces
OBG
plus

In 2008, for the first time in history, more than half of humanity was living in urban areas. Perhaps the most remarkable observation about this trend is the speed at which it has happened: as recently as 1900 urban areas accounted for 13% of the global population. Cities are seen as opportunity hubs for many rural dwellers. The UN estimates that by 2030 urban areas will host 60% of the world’s population – up from 54.5% in 2016 – with the pace of urban growth especially rapid across Africa and Asia. Urban areas are home to more than 470m people in Africa, or 40% of the continent’s population, up from 14% in the middle of the…