Oman Infrastructure Report Q1 2012
Business Monitor International, December 2011, Pages: 65
Business Monitor International's Oman Infrastructure Report provides industry professionals and strategists, corporate analysts, infrastructure associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Oman's infrastructure industry.
BMI View: An upward trend in Oman’s construction sector is expected to continue in 2012, despite unrest on the political front. Construction industry value is expected to reach US$3.7bn over the course of 2012, based on year-on-year growth of 5.4%. This is expected to rise to US$5.5bn by 2016. The energy and utilities sector remains the main driving force for development, as the country seeks to support demand.
Key highlights include
: The Omani government announced plans in October 2011 to construct a gas-fired power plant in Salalah city, according to the CEO of Oman Power and Water Procurement (OPWP), Bob Whitelaw. A contract for the development of the 300MW independent power project (IPP) will be awarded in Q113, with the plant scheduled to become operational in Q115. The Salalah IPP is aimed at boosting the country’s electricity production capacity, in order to fulfil increasing demand, arising from the growth of the industrial sector and general population.
The tender for the project management consultancy contract for Oman's National Railway network launched in Q4 2011. The contract was delayed due to the closure of the National Economy Ministry. Bids will see 10 pre-qualified companies competing. The consultant will be responsible for procurement, planning and engineering, over a seven-year contract period.
15 companies have been confirmed as bidders for the contract to build the Batinah Expressway project. The bidding process was launched on October 5 2011. Companies confirmed as bidders include Oman-based construction companies Strabag Oman and Larsen & Toubro Oman, and Turkish construction companies Makyol Gulf and Sezai Turkes-Feyzi Akkaya.
Public protests in Oman have continued, despite a series of government reforms aimed at creating more employment opportunities and ceding powers to the parliament. While we believe tensions may persist, we expect the current government to survive the unrest without having to make significant political concessions. Royal succession is the major question hanging over Oman's political future, although demographic change and regional instability could also pose challenges. The impetus for any major political change is likely to come from the Sultan, assuming that he tackles the issue before the end of his reign.
Oman's economy will expand at a relatively robust rate over 2011 and 2012. Although growth in H211 is unlikely to match the rate achieved in the first half of the year, heavy government expenditure and the elevated price of oil will continue to stimulate GDP growth in the medium-term. We forecast real GDP growth of 4.5% in 2011 and 3.4% in 2012.
SWOT Analysis
Oman Infrastructure Industry SWOT
Market Overview
Oman
Building Materials
Global Overview
Industry Trend Analysis - Building Materials: Asia And Latin America Demand Drive EM/Developed Market Divergence
Middle East Overview
Industry Forecast Scenario
Table: Oman Construction And Infrastructure Industry Data
Table: Oman Construction And Infrastructure Industry Data
Construction and Infrastructure Forecast Scenario
Transport Infrastructure
Transport Infrastructure Overview
Key Projects Table - Transport
Table: Major Projects - Transport
Energy and Utilities Infrastructure
Energy and Utilities Infrastructure Overview
Key Projects Table -- Energy and Utilities
Table: Major Projects - Energy And Utilities
Residential/Non-Residential Construction and Social Infrastructure
Residential/Non-Residential Construction and Social Infrastructure Overview
Major Projects Table - Residential/Non-Residential Construction and Social Infrastructure
Table: Major Projects - Construction And Social Infrastructure
Infrastructure Business Environment
Oman Business Environment Overview
Rewards
Risks
Regional Overview
Industry Trend Analysis - GCC Outperforms As North Africa Fails To Make A Dent
Table: Middle East And North Africa Infrastructure Business Environment Ratings
Company Monitor
Galfar Engineering And Contracting
Global Overview
Infrastructure Finance In 2012: Déjà Vu?
Methodology
Industry Forecasts
Construction Industry
Data Methodology
New Infrastructure Data Sub-sectors
Construction
Capital Investment
Construction Sector Employment
Infrastructure Business Environment Rating
Table: Infrastructure Business Environment Indicators
Project Finance Ratings
Table: Design And Construction Phase
Table: Commissioning And Operating Phase - Commercial Construction
Table: Commissioning And Operating Phase - Energy And Utilities
Table: Commissioning And Operating Phase - Transport
Sources
- Galfar Engineering And Contracting
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