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 -
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