Oman Construction Market Size, Trends, and Forecasts by Sector - Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis to 2030 (H1 2026)

Summary

The analyst expects the Omani construction industry to grow by 2.5% in real terms in 2026, supported by increase in foreign direct investment (FDI) in the country’s manufacturing and oil sector, coupled with rising investments in construction projects, particularly in non-oil and renewable sectors, amid a diversifying oil economy. In February 2026, during the Government Projects Forum 2026, Oman unveiled a massive OMR1.5 billion ($3.9 billion) development pipeline for 2026, including OMR475 million ($1.2 billion) in approved schemes and over OMR1 billion ($2.6 billion) under review. The plan features 10,000 upcoming tenders across 57 government entities to drive national infrastructure, digital integration, and regional growth. To help local communities, the government prioritizes a large portion of this money-over OMR293 million ($762 million) for local businesses and smaller companies (SMEs).

Growth will also be driven by rising investments in the tourism and energy sector. In late June 2026, the Special Economic Zone at Duqm (SEZAD) announced tourism and energy initiatives with an estimated investment OMR538.3 million ($1.4 billion) to accelerate its development as a major regional hub. This includes OMR186.6 million ($480 million) tourism development with Ruby Prime featuring hotels, a mall, and an academy over 200,000m2. Additionally, Al Sahil Power and an international consortium are investing OMR349.9 million ($910 million) to build an 890MW power plant by 2028 to support Duqm's rapidly growing industrial and petrochemical sectors. Over the remainder of the forecast period, the Omani construction industry is expected to register an annual average growth of 4.2% from 2027 to 2030, supported by investments in the construction of oil, electricity, transport, and housing infrastructure projects and implementation of investment plans to achieve the objectives in line with Oman Vision 2040. Growth over the forecast period will also be bolstered by the country’s target of raising the renewable energy share from 11.5% in 2025 to 39% by 2031 and 60% by 2040, under Oman's Vision 2040 energy goals

The analyst’s Construction in Oman - Key Trends and Opportunities to 2030 (H1 2026) report provides detailed market analysis, information, and insights into Oman's construction industry, including:

Oman's construction industry's growth prospects by market, project type and construction activity
Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Oman's construction industry
Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

Scope

This report provides a comprehensive analysis of the construction industry in Oman. It provides:

Historical (2021-2025) and forecast (2026-2030) valuations of the construction industry in Oman, featuring details of key growth drivers.
Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) 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 our 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 business strategies using the analyst's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors

1 Executive Summary2 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

Outlook
Latest news and developments
Construction Projects Momentum Index

4.2 Commercial Construction

Outlook
Project analytics
Latest news and developments

4.3 Industrial Construction

Outlook
Project analytics
Latest news and developments

4.4 Infrastructure Construction

Outlook
Project analytics
Latest news and developments

4.5 Energy and Utilities Construction

Outlook
Project analytics
Latest news and developments

4.6 Institutional Construction

Outlook
Project analytics
Latest news and developments

4.7 Residential Construction

Outlook
Project analytics
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

About the Analyst
Contact Us

List of Tables

Table 1: Construction Industry Key Data
Table 2: Oman, Key Economic Indicators
Table 3: Oman, Commercial Construction Output by Project Type (Real % Change), 2021-30
Table 4: Oman, Top Commercial Construction Projects by Value
Table 5: Oman, Industrial Construction Output by Project Type (Real % Change), 2021-30
Table 6: Oman, Top Industrial Construction Projects by Value
Table 7: Oman, Infrastructure Construction Output by Project Type (Real % Change), 2021-30
Table 8: Oman, Top Infrastructure Construction Projects by Value
Table 9: Oman, Energy and Utilities Construction Output by Project Type (Real % Change), 2021-30
Table 10: Oman, Top Energy and Utilities Construction Projects by Value
Table 11: Oman, Institutional Construction Output by Project Type (Real % Change), 2021-30
Table 12: Oman, Top Institutional Construction Projects by Value
Table 13: Oman, Residential Construction Output by Project Type (Real % Change), 2021-30
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: GlobalData Construction Market Definitions
Table 21: Ratings, Scores and Definitions

List of Figures

Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2024-30
Figure 2: Oman, Construction Output by Sector (Real % Change), 2024-26 and 2027-30
Figure 3: Oman, Risk Summary
Figure 4: Oman, Risk Regional Comparison
Figure 5: Oman, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2021-30
Figure 6: Oman, Construction Output Value, by Sector (Real, $ Million), 2021-30
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 in Construction sector, 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), 2021-30
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), 2021-30
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 in Manufacturing sector, Investment Volume (OMR Million)
Figure 23: Oman, Infrastructure Construction Output by Project Type (Real, $ Million), 2021-30
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), 2021-30
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 in Oil and Gas sector, Investment Volume (OMR Million)
Figure 30: Oman, Institutional Construction Output by Project Type (Real, $ Million), 2021-30
Figure 31: Oman, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 32: Oman, Residential Construction Output by Project Type (Real, $ Million), 2021-30
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 in the Real Estate sector, 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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