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Oman’s Construction Market Snapshot
Oman is seeking to decrease its oil and gas dependency for a more diversified economic base, with plans to boost the GDP contribution of heavy industry (petrochemical derivatives, Steel, and Aluminum etc.) from 19.8% in 2017 to 29% by 2020.
Oman’s new five-year development plan (2021-2025) attaches great importance to construction development by ensuring optimum utilization of resources and investment opportunities in the various governorates in the Sultanate.
Giving a boost to the infrastructure sector, the government has allocated $13.77 billion for development projects in its 2020 budget including:
Private investment sectors
- Oman’s construction & infrastructure market is expected to be active in the coming years and currently has $327.63 billion worth of projects, according to ProTenders analysis.
- The construction industry accounts for a 9% share of Oman’s GDP and is the country’s largest employer.
- There is a total of 2,410 active construction projects in Oman, with a combined value in excess of $190 bn.
ongoing projects in oman
major upcoming projects
in oman
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