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Oman Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Publisher GlobalData
Published Jun 20, 2025
SKU # GBDT20187089

Description

Oman Construction Market Size, Trends, and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2029 (H1 2025)

Summary

GlobalData estimates the construction industry in Oman to grow by 3.6% in real terms in 2025, supported by rising foreign direct investment (FDI) in the country – especially in the manufacturing sector, coupled with investment in the energy and transport sectors. According to the National Center for Statistical Information (NCSI), the total FDI in Oman rose by 18.2% year-on-year (YoY) in 2024, following an annual growth of 25.2% in 2023. According to the Ministry of Finance's Financial Performance Bulletin issued in late May 2025, public expenditure in Oman rose by 4% YoY in Q1 2025, to approximately OMR2.8 billion ($7.2 billion). Of the total public spending, development expenditure by ministries and civil service units reached approximately OMR254 million ($660.6 million) in Q1 2025 - marking a disbursement rate of 28% of the total development allocation for 2025, which is equivalent to OMR900 million ($2.3 billion).

The construction industry in Oman is expected to register an annual average growth rate of 4.4% from 2026 to 2029. This will be supported by investments in renewable energy, transport and housing sectors. As part of the 2040 economic development plan, the Omani government is focused on raising 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. In a recent boost to the construction industry’s output, in May 2025, the Ministry of Transport, Communications, and Information Technology signed 18 agreements with multiple domestic companies, Arkan Sohar Logistics, Al-Sumari Trading, Oman SATS, Sohar Industrial Port, and Al Raad Logistics, worth over OMR100 million ($260.1 million), with most of the agreements focusing on the construction of ports, airports, and logistics zones. These agreements aim to enhance infrastructure through the development of modern facilities and the integration of advanced technologies.

GlobalData’s Construction in Oman – Key Trends and Opportunities to 2029 (H1 2025) report provides detailed market analysis, information, and insights into Oman’s construction industry, including -
  • 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 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.
Scope

This report provides a comprehensive analysis of the construction industry in Oman. It provides -
  • Historical (2020–2024) and forecast (2025–2029) 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 GlobalData's critical and actionable insight
  • Assess business risks, including cost, regulatory and competitive pressures
  • Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary
2 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
8 About GlobalData
9 Contact Us
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), 2020–29
Table 4: Oman, Top Commercial Construction Projects by Value
Table 5: Oman, Industrial Construction Output by Project Type (Real % Change), 2020–29
Table 6: Oman, Top Industrial Construction Projects by Value
Table 7: Oman, Infrastructure Construction Output by Project Type (Real % Change), 2020-29
Table 8: Oman, Top Infrastructure Construction Projects by Value
Table 9: Oman, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29
Table 10: Oman, Top Energy and Utilities Construction Projects by Value
Table 11: Oman, Institutional Construction Output by Project Type (Real % Change), 2020-29
Table 12: Oman, Top Institutional Construction Projects by Value
Table 13: Oman, Residential Construction Output by Project Type (Real % Change), 2020-29
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: GlobalData 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), 2023–29
Figure 2: Oman, Construction Output by Sector (Real % Change), 2023–25 and 2026–29
Figure 3: Oman, Risk Summary
Figure 4: Oman, Risk Regional Comparison
Figure 5: Oman, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29
Figure 6: Oman, Construction Output Value, by Sector (Real, $ Million), 2020–29
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), 2020–29
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), 2020–29
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, FDI in manufacturing sector continues to increase in Q4 2024
Figure 23: Oman, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29
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), 2020-29
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 FDI in the oil and gas sector rose in Q4 2024
Figure 30: Oman, Institutional Construction Output by Project Type (Real, $ Million), 2020-29
Figure 31: Oman, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Oman, Residential Construction Output by Project Type (Real, $ Million), 2020-29
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 FDI in the real estate industry continues to decline in Q4 2024
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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