Oman Infrastructure Q4 2019
Key View :
After two consecutive years of contraction, we expect Oman's construction industry to register growth over 2019, albeitfairly subdued at 1.5%. The sector has been negatively impacted by public spending cuts and we expect construction activity toremain under pressure over the near term due to low oil prices. Reinforcing our view, the sector’s workforce has shrunk by 5.4% y-o-y in the first four months of 2019 alone, and construction firms have complained of a notable drop in new tenders.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook