Construction in Oman – Key Trends and Opportunities to 2018

Date: 2015-09

The Omani construction industry increased in value at a compound annual growth rate (CAGR) of 7.72% during the review period (2009−2013). Industry expansion was supported by government initiatives to transform the country from an oil-based economy to one more reliant on manufacturing and services. This resulted in significant investments in infrastructure development, which positively affected other markets in the industry. Industry growth is expected to continue over the forecast period (2014–2018) as a result of the government’s focus on developing physical and social infrastructure in the country, and an anticipated global economic recovery. Consequently, the industry is expected to post a forecast-period CAGR of 11.59%.

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