Oman Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2028 (H2 2024)

The Construction in Oman - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information and insights into the Oman's construction industry, including:

The Oman's construction industry's growth prospects by market, project type and construction activity
Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Oman's construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline

The analyst estimates the construction industry in Oman to grow by 3.3% in real terms in 2024, as the industry is supported by rising foreign direct investment (FDI), especially in the manufacturing sector, as well as government investment into transport infrastructure and the tourism sector. According to the National Center for Statistical Information (NCSI), total FDI in the manufacturing sector rose by 41% year-on-year (YoY) in the first half of 2024, following an annual decline in 6.4% in 2023.

The analyst then forecasts the Omani construction industry to expand at an annual average growth rate of 4.2% from 2025 to 2028. Growth in the country will be supported by rising government investments into renewable energy and transport infrastructure, in addition to the housing sector, all as part of the Oman Vision 2040 Plan. As part of the scheme, the Omani government is targeting to raise the share of renewable energy in the total electricity mix to 30% by 2030 and 70% by 2040, before reaching net zero emissions by 2050. While, in October 2024, the Ministry of Transport, Communications, and Information Technology (MTCIT) alongside the Tender Board's General Secretariat, announced that seven transport infrastructure projects totalling over OMR119 million ($309.5 million) had been awarded, all as part of the program. Construction works on all the projects is scheduled to be completed by the end of 2027

Scope

This report provides a comprehensive analysis of the construction industry in Oman. It provides:

Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Oman, featuring details of key growth drivers.
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
Listings of major projects, in addition to details of leading contractors and consultants.

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies
Assess market growth potential at a micro-level with over 600 time-series data forecasts
Understand the latest industry and market trends
Formulate and validate business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
Latest news and developments

5 Key Industry Participants

5.1 Contractors
5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
About the Analyst

Contact the Publisher

List of Tables

Table 1: Construction Industry Key Data
Table 2: Oman, Key Economic Indicators
Table 3: Oman, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Oman, Top Commercial Construction Projects by Value
Table 5: Oman, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Oman, Top Industrial Construction Projects by Value
Table 7: Oman, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Oman, Top Infrastructure Construction Projects by Value
Table 9: Oman, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Oman, Top Energy and Utilities Construction Projects by Value
Table 11: Oman, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Oman, Top Institutional Construction Projects by Value
Table 13: Oman, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Oman, Top Residential Construction Projects by Value
Table 15: Oman, Key Contractors
Table 16: Oman, Key Consultants
Table 17: Oman, Construction Output Value (Real, $ Million)
Table 18: Oman, Construction Output Value (Nominal, OMR Million)
Table 19: the analyst Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2022-28
Figure 2: Oman, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Oman, Risk Summary
Figure 4: Oman, Risk Regional Comparison
Figure 5: Oman, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Oman, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Oman, Construction Value Add, Constant Prices (in OMR million)
Figure 8: Oman, Credit Issued for Construction Industry (OMR Billion), % Share of Total Loan
Figure 9: Oman, Total Foreign Direct Investment, Investment Volume (OMR Million)
Figure 10: Oman, Construction Projects Momentum Index
Figure 11: Middle East and North Africa, Construction Projects Momentum Index
Figure 12: Oman, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 13: Oman, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Oman, Wholesale and Retail Trade Value Add, Constant Prices (OMR Million)
Figure 15: Oman, Accommodation and food services Value Add, Constant Prices
Figure 16: Oman, Credit Issued for Wholesale and Retail Trade Sector (OMR Billion), % Share of Total Loan
Figure 17: Oman, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 18: Oman, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Oman, Manufacturing Value Add, Constant Prices (OMR million)
Figure 20: Oman, Mining and Quarrying Value Add, Constant Prices (OMR Million)
Figure 21: Oman, Credit Issued to the Manufacturing and Mining and Quarrying Sectors (OMR Billion)
Figure 22: Oman, Total Foreign Direct Investment, Investment Volume (OMR Million)
Figure 23: Oman, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 24: Oman, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 25: Oman, Transport & Storage Value Add, Constant Prices (OMR million)
Figure 26: Oman, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 27: Oman, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 28: Oman, Electricity & Water Supply; Sewerage, Waste Management and Remediation Value Add, Constant Prices (OMR million)
Figure 29: Oman, Total Foreign Direct Investment, Investment Volume (OMR Million)
Figure 30: Oman, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 31: Oman, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Oman, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 33: Oman, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 34: Oman, Real Estate Value Add, Constant Prices (OMR million)
Figure 35: Oman, Total Foreign Direct Investment, Investment Volume (OMR Million)
Figure 36: Oman, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Oman, Headquarters of Key Consultants (% of Total Project Pipeline)

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The Construction in Oman - Key Trends and Opportunities to 2028 (H2 2024) report provides detailed market analysis, information and insights into the Oman's construction industry, including:

Scope

This report provides a comprehensive analysis of the construction industry in Oman. It provides:

Reasons to Buy

Table of Contents

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