Construction in Oman – Key Trends and Opportunities to 2017

Date: 2015-09

The Omani construction industry posted a compound annual growth rate (CAGR) of 4.54% during the review period (2008–2012). This growth was supported by private and public investment in infrastructure, residential, commercial and institutional construction projects in an effort to diversify the country’s economy and reduce its dependence on oil. Under the Eighth Five-Year Plan (2011–2015), the government is investing heavily in infrastructure construction to enhance transport around Oman. Consequently, the industry output is expected to post a CAGR of 10.38%. Continued economic diversification efforts by the government from oil- to non-oil-based growth are likely to yield successful results as the economic outlook for 2013−2017 is positive, with the economy set to continue to expand at an annual rate of 5.0−6.0%.

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