Oman Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2027

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Published: November 30, 2023 Report Code: GDCN1265MR-ST

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Oman Construction Market Report Overview

The Oman construction market size was $18.3 billion in 2022. The market is projected to achieve an AAGR of more than 3% during 2024-2027. The industry’s output during the forecast period will be supported by investments in the economic zones, renewable energy, manufacturing, and tourism projects under the Vision 2040 project.

Oman Construction Market Outlook, 2022-2027 ($ Billion)

Oman Construction Market Outlook, 2022-2027 ($ Billion)
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The Oman construction market report has compiled data on various project types and construction activities across sectors. While discussing the construction projects, our analysts have elucidated the factors responsible for the developments. The report further analyzes the top construction projects in Oman from pre-planning to execution, along with the emerging market trends. In addition, the report gives an overview of the latest developments in the Oman construction market.

Market Size (2022) $18.3 Billion
AAGR (2024-2027) >3%
Forecast Period 2023-2027
Historical Period 2018-2022
Key Sectors ·        Energy and Utilities Construction

·        Commercial Construction

·        Industrial Construction

·        Infrastructure Construction

·        Institutional Construction

·        Residential Construction
Key Contractors ·        Galfar Engineering & Contracting

·        STRABAG SE

·        Khalid Bin Ahmed & Sons LLC

·        The Al Hajiry Group

·        Hasan Bin Juma Backer Trading & Contracting Company LLC
Key Consultants ·        SNC-Lavalin Group Inc

·        Royal HaskoningDHV

·        Khatib & Alami Holding

·        F&M Ingegneria SpA

·        WorleyParsons Ltd
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Oman Construction Market Segmentation by Sectors

Energy and utilities construction was the leading sector in the Oman construction market in 2022

The key sectors in the Oman construction market are commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction. In 2022, the energy and utilities construction sector accounted for the highest market share.

Energy and utilities construction: The project types in this sector include electricity and power, oil and gas, telecommunications, sewage infrastructure, and water infrastructure. The sector growth is attributed to the government’s emphasis on the development of the country’s renewable energy and oil and gas infrastructure.

Residential construction: The project types in this sector include single-family housing and multi-family housing. The growing investment in the development of the country’s residential projects is responsible for the sector’s output during the forecast period.

Infrastructure construction: The project types in this sector include rail infrastructure, road infrastructure, and other infrastructure projects. The implementation of transportation projects under the Tenth Five-Year Development Plan will drive the sector’s growth.

Commercial construction: The project types in this sector include leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings, and other commercial construction. The commercial sector’s growth over the forecast period is owing to the rebound in the tourism sector coupled with the growth in wholesale and retail trade activities.

Institutional construction: The project types in this sector include educational buildings, healthcare buildings, institutional buildings, research facilities, and religious buildings. Government investment in education and healthcare projects will support forecast-period growth in the institutional construction sector.

Industrial construction: The project types in this sector include chemical and pharmaceutical plants, manufacturing plants, metal and material production and processing plants, and waste processing plants. The sector’s growth is because of the developments in industrial city projects, and manufacturing sector, and growing support to small and medium enterprises (SMEs).

Oman Construction Market Analysis by Sectors, 2022 (%)

Oman Construction Market Analysis by Sectors, 2022 (%)Buy the Full Report for more Sector Insights into the Oman Construction Market

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Oman Construction Market - Competitive Landscape

Galfar Engineering & Contracting emerged as the leading contractor and SNC-Lavalin Group Inc. as the leading consultant in the Oman construction market in 2022

A few leading contractors in the Oman construction market are:

  • Galfar Engineering & Contracting
  • STRABAG SE
  • Khalid Bin Ahmed & Sons LLC
  • The Al Hajiry Group
  • Hasan Bin Juma Backer Trading & Contracting Company LLC

Domestic contractors account for most of the project pipeline in the Oman construction market. Firms based in India are the dominant foreign contractors.

Oman Construction Market Analysis by Contractors, 2022 (%)

Oman Construction Market Analysis by Contractors, 2022 (%)Buy the Full Report to Know More about the Contractors in the Oman Construction Market

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A few leading consultants in the Oman construction market are:

  • SNC-Lavalin Group Inc
  • Royal HaskoningDHV
  • Khatib & Alami Holding
  • F&M Ingegneria SpA
  • WorleyParsons Ltd

Consultants with headquarters outside Oman are involved in most of the project pipeline by value. Among foreign-based consultants, firms based in the US are involved in most of the projects in the pipeline in which a foreign consultant is operating.

Oman Construction Market Analysis by Consultants, 2022 (%)

Oman Construction Market Analysis by Consultants, 2022 (%)Buy the Full Report to Know More about Consultants in the Oman Construction Market

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Oman Construction Market – Latest Developments

  • In September 2023, the Oman Tender Board awarded a tender worth more than $1.2 billion for development of projects including design and construction work for the national library, national theatre, Oman cultural complex, and national archive building.

Segments Covered in the Report

Oman Construction Sectors Outlook (Value, $ Billion, 2018-2027)

  • Commercial Construction
  • Industrial Construction
  • Infrastructure Construction
  • Energy and Utilities Construction
  • Institutional Construction
  • Residential Construction

Scope

This report provides:

  • A comprehensive analysis of the construction industry in Oman.

  • Historical and forecast valuations of the construction industry in Oman, featuring details of key growth drivers.

  • Segmentation by sector 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 GlobalData’s 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 strategy 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

      • 4.1.1. Outlook

      • 4.1.2. Latest news and developments

      • 4.1.3. Construction Projects Momentum Index

    • 4.2. Commercial Construction

      • 4.2.1. Outlook

      • 4.2.2. Project analytics

      • 4.2.3. Latest news and developments

    • 4.3. Industrial Construction

      • 4.3.1. Outlook

      • 4.3.2. Project analytics

      • 4.3.3. Latest news and developments

    • 4.4. Infrastructure Construction

      • 4.4.1. Outlook

      • 4.4.2. Project analytics

      • 4.4.3. Latest news and developments

    • 4.5. Energy and Utilities Construction

      • 4.5.1. Outlook

      • 4.5.2. Project analytics

      • 4.5.3. Latest news and developments

    • 4.6. Institutional Construction

      • 4.6.1. Outlook

      • 4.6.2. Project analytics

      • 4.6.3. Latest news and developments

    • 4.7. Residential Construction

      • 4.7.1. Outlook

      • 4.7.2. Project analytics

      • 4.7.3. 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

Table

Table 1: Construction Industry Key Data

Table 2: Oman, Key Economic Indicators

Table 3: Oman, Commercial Construction Output by Project Type (Real % Change), 2018–27

Table 4: Oman, Top Commercial Construction Projects by Value

Table 5: Oman, Industrial Construction Output by Project Type (Real % Change), 2018–27

Table 6: Oman, Top Industrial Construction Projects by Value

Table 7: Oman, Infrastructure Construction Output by Project Type (Real % Change), 2018–27

Table 8: Oman, Top Infrastructure Construction Projects by Value

Table 9: Oman, Energy and Utilities Construction Output by Project Type (Real % Change), 2018–27

Table 10: Oman, Top Energy and Utilities Construction Projects by Value

Table 11: Oman, Institutional Construction Output by Project Type (Real % Change), 2018–27

Table 12: Oman, Top Institutional Construction Projects by Value

Table 13: Oman, Residential Construction Output by Project Type (Real % Change), 2018–27

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

Figures

Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2021–27

Figure 2: Oman, Construction Output by Sector (Real % Change), 2021–23 and 2024–27

Figure 3: Oman, Risk Summary

Figure 4: Oman, Risk Regional Comparison

Figure 5: Oman, Construction Output Value (Real, $ Million, 2017 Prices and Exchange Rate), 2018–27

Figure 6: Oman, Construction Output Value, by Sector (Real, $ Million), 2018–27

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), 2018–27

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), 2018–27

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, Total Foreign Direct Investment, Investment Volume (OMR Million)

Figure 23: Oman, Infrastructure Construction Output by Project Type (Real, $ Million), 2018–27

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), 2018–27

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 Foreign Direct Investment, Investment Volume (OMR Million)

Figure 30: Oman, Institutional Construction Output by Project Type (Real, $ Million), 2018–27

Figure 31: Oman, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: Oman, Residential Construction Output by Project Type (Real, $ Million), 2018–27

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 Foreign Direct Investment, Investment Volume (OMR Million)

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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