
Oman Projects, H1 2022 - Outlook of Major Projects in Oman - MEED Insights
Description
Oman Projects, H1 2022 - Outlook of Major Projects in Oman - MEED Insights
Summary
Oman has historically been one of the smaller markets in the GCC. A smaller population and more limited oil and gas resources than its neighbours have traditionally meant that sits behind Kuwait and Qatar and ahead of Bahrain in terms of annual contract awards. But that is not to say that the Sultanate does not offer a variety of interesting opportunities for contractors, consultants and suppliers alike. In recent years, there have been a number of large-scale projects across different sectors such as the Duqm refinery, the new Muscat international airport, and the Batinah expressway scheme among others.
Like most countries Oman was hit hard by the Covid-19 pandemic. However, unlike most countries in the region, its projects market actually grew by nearly 20 per cent year-on-year, albeit from a much lower base. There was not one single large project award behind this increase; rather it was a series of midrange projects across the transport and water sectors that helped reach the total, many of which were financed by regional development funds.
This year the Sultanate is set to perform a little more badly. Spending on projects for the first 9 months of the year of $3.5bn suggests that it will do well to reach the $5bn 2019 number let alone last year’s $5.9bn.
Future projects performance will hinge more than ever on foreign investment in its major industrial hubs in Sohar, Duqm and Salalah. Chinese investment in particular will be key as part of its Belt and Road Initiative to benefit from Oman’s position on the main East-West shipping axis. Also critical will be the development of the Sultanate’s PPP project plans to obtain more private sector involvement in the funding, construction and operation of future projects. In the absence of major government capital expenditure, private sector financing will be pivotal in getting projects moving again.
The prospects for PPP took a backward step with the disbanding of the Central PPP Unit in 2019, but recent announcements from the government suggest that PPP projects are firmly back on the agenda.
Written by MEED, the Middle East market experts within the GlobalData Group, Oman Projects H1 2022 is the update to last year’s H2 report. Focused on data, it is aimed at helping companies create strategies for targeting and growing the market. I am certain that this report can help you achieve success in Oman.
Reasons to Buy
Summary
Oman has historically been one of the smaller markets in the GCC. A smaller population and more limited oil and gas resources than its neighbours have traditionally meant that sits behind Kuwait and Qatar and ahead of Bahrain in terms of annual contract awards. But that is not to say that the Sultanate does not offer a variety of interesting opportunities for contractors, consultants and suppliers alike. In recent years, there have been a number of large-scale projects across different sectors such as the Duqm refinery, the new Muscat international airport, and the Batinah expressway scheme among others.
Like most countries Oman was hit hard by the Covid-19 pandemic. However, unlike most countries in the region, its projects market actually grew by nearly 20 per cent year-on-year, albeit from a much lower base. There was not one single large project award behind this increase; rather it was a series of midrange projects across the transport and water sectors that helped reach the total, many of which were financed by regional development funds.
This year the Sultanate is set to perform a little more badly. Spending on projects for the first 9 months of the year of $3.5bn suggests that it will do well to reach the $5bn 2019 number let alone last year’s $5.9bn.
Future projects performance will hinge more than ever on foreign investment in its major industrial hubs in Sohar, Duqm and Salalah. Chinese investment in particular will be key as part of its Belt and Road Initiative to benefit from Oman’s position on the main East-West shipping axis. Also critical will be the development of the Sultanate’s PPP project plans to obtain more private sector involvement in the funding, construction and operation of future projects. In the absence of major government capital expenditure, private sector financing will be pivotal in getting projects moving again.
The prospects for PPP took a backward step with the disbanding of the Central PPP Unit in 2019, but recent announcements from the government suggest that PPP projects are firmly back on the agenda.
Written by MEED, the Middle East market experts within the GlobalData Group, Oman Projects H1 2022 is the update to last year’s H2 report. Focused on data, it is aimed at helping companies create strategies for targeting and growing the market. I am certain that this report can help you achieve success in Oman.
Reasons to Buy
- Opportunities and challenges in Oman’s projects market
- Analysis of the pipeline of planned projects and contract awards
- Key policies and drivers shaping the outlook for projects in Oman
- Political and economic background
- The barriers and challenges that may arise
- Sector-by-sector breakdown of future project plans
- Key drivers of projects in each sector
- Oman’s most valuable key projects and major project sponsors
Table of Contents
100 Pages
- EXECUTIVE SUMMARY
- Oman
- Economy
- Economic Outlook
- Budgets
- Projects Market Overview
- Projects Market Size
- Oman Projects Market by Project Status
- Projects Market By Sector
- Oman Project Contract Awards By Year, 2012-21 ($m)
- Oman Contract Awards by Sector, 2012-21 ($m)
- Oman project contract awards, July-December 2012-2021
- Oman Project Contract Awards By Number, 2012-21 ($m)
- Biggest Clients
- Biggest Contractors
- Top Projects
- Future Pipeline
- Future Pipeline by Sector
- Top Future Projects
- Biggest Future Clients
- FORECAST
- Oil and Gas Sector Overview
- Oil and Gas Sector Contract Awards by Year, 2012-21 ($m)
- Oil and Gas Sector Projects by Status
- Oil and Gas Projects Market by Subsector
- Oil and Gas Sector Contract Awards by Subsector, 2012-21 ($m)
- Oil and Gas Sector Biggest Clients
- Oil and Gas Sector Biggest Contractors
- Top Oil and Gas Sector Projects
- Un-awarded Oil and Gas Sector Contracts by Status
- Un-Awarded Oil and Gas Sector Projects by Subsector
- Top Oil and Gas Sector Future Projects
- Biggest Oil and Gas Sector Future Clients
- Construction Sector Overview
- Construction Sector Contract Awards by Year, 2012-21 ($m)
- Construction Sector Projects by Status
- Construction Projects Market by Subsector
- Construction Sector Contract Awards by Subsector, 2012-21 ($m)
- Construction Sector Biggest Clients
- Construction Sector Biggest Contractors
- Top Construction Sector Projects
- Un-awarded Construction Sector Contracts by Status
- Un-Awarded Construction Sector Projects by Subsector
- Top Construction Sector Future Projects
- Biggest Construction Sector Future Clients
- Transport Sector Overview
- Transport Sector Contract Awards by Year, 2012-21 ($m)
- Transport Sector Projects by Status
- Transport Projects Market by Subsector
- Transport Sector Contract Awards by Subsector, 2012-21 ($m)
- Transport Sector Biggest Clients
- Transport Sector Biggest Contractors
- Top Transport Sector Projects
- Un-awarded Transport Sector Contracts by Status
- Un-Awarded Transport Sector Projects by Subsector
- Top Transport Sector Future Projects
- Biggest Transport Sector Future Clients
- Industrial Sector Overview
- Industrial Sector Contract Awards by Year, 2012-21 ($m)
- Industrial Sector Projects by Status
- Industrial Projects Market by Subsector
- Industrial Sector Contract Awards by Subsector, 2012-21 ($m)
- Industrial Sector Biggest Clients
- Industrial Sector Biggest Contractors
- Top Industrial Sector Projects
- Un-awarded Industrial Sector Contracts by Status
- Un-awarded Industrial Sector Contracts by Subsector
- Top Industrial Sector Future Projects
- Biggest Industrial Sector Future Clients
- Power and Water Sector Overview
- Power and Water Sector Contract Awards by Year, 2012-21 ($m)
- Power and Water Sector Projects by Status
- Power and Water Projects Market by Subsector
- Power and Water Sector Contract Awards by Subsector, 2012-21 ($m)
- Power and Water Sector Biggest Clients
- Power and Water Sector Biggest Contractors
- Top Power and Water Sector Projects
- Un-awarded Power and Water Sector Contracts by Status
- Un-Awarded Power and Water Sector Projects by Subsector
- Top Power and Water Sector Future Projects
- Biggest Power and Water Sector Future Clients
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