Oman Infrastructure Report

Published 26 February 2015

  • 72 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Oman Infrastructure Report

BMI View: We have revised down our construction industry growth forecast for Oman in 2015 from 5.5% to 4.5% in light of falling oil prices and its impact on Oman's economy. This reflects our view that weaker crude prices will have a moderate impact on infrastructure investment in Oman, given its centrality to the government's objectives. Should oil prices remain low over a sustained period of time, we would consider a further downward revision to our medium-to-long term forecasts.

K ey Trends And Developments

  • We forecast gross fixed capital formation (GFCF) to average 6.2% in the next 5 years by comparison to the 7% in the last 5 years. This difference reflects our more moderate construction industry growth forecast in the short term, on the back of falling oil prices.

  • In addition to government's USD78bn five-year (2011-2015) spending plan, the government announced in October 2013 that the country will spend over USD50bn in infrastructure projects in the next 15 years. From this budget, USD20bn is earmarked for the transport sector - including Oman National Railway - which is where we see the strongest pipeline of projects.

  • We expect Oman's transport infrastructure sector to continue experiencing a significant expansion over our 10-year forecast period, particularly surrounding the development of the country's road and railway network. Spending allocations for new road ventures in Oman were set at OMR1.7bn (USD4.4bn) as part of the wider government five-year spending plan (2011-2015) and as such has enjoyed considerable activity over the past few years.

  • The Omani government has earmarked tourism as one of the key sectors that will drive its economic diversification strategy. To this end, the government established OMRAN - a company to deliver major tourism projects and manage assets and investment in the sector.

  • Oman's economy continues to be highly dependent on hydrocarbons, but revenues from oil and gas have started to decline. The weakening in...

Table of Contents

BMI Industry View
5
SWOT
6
Infrastructure SWOT
6
Industry Forecast
7
Construction and Infrastructure Forecast Scenario
7
Table: Construction And Infrastructure Industry Data (Oman 2012-2017)
7
Table: Construction And Infrastructure Industry Data (Oman 2018-2023)
8
Transport Infrastructure - Outlook And Overview
12
Transport Infrastructure Outlook And Overview
12
Major Projects Table - Transport Infrastructure
19
Table: Major Projects Table - Transport Infrastructure
19
Energy And Utilities Infrastructure - Outlook And Overview
26
Major Projects Table - Energy & Utilities
30
Table: Major Projects Table - Energy & Utilities
30
Residential/NonResidential Building - Outlook And Overview
34
Major Projects Table - Residential/Non-Residential Construction And Social Infrastructure
36
Table: Major Projects Table - Residential/Non-Residential Construction and Social Infrastructure
36
Industry Risk Reward Ratings
39
Oman Infrastructure Risk/Reward Ratings
39
Rewards
39
Risks
40
Middle East And North Africa - Infrastructure Risk/Reward Ratings
40
Table: MENA Infrastructure Risk / Reward Ratings
46
Competitive Landscape
47
Table: EQS Data
47
Company Profile
49
Galfar Engineering And Contracting SAOG
49
Global Industry Overview
52
Middle East/North Africa Presents Strongest Investment Profile
52
Methodology
58
Industry Forecast Methodology
58
Sector-Specific Methodology
59
Risk/Reward Rating Methodology
63
Sector-Specific Methodology
64
Table: Infrastructure Risk/Reward Rating Indicators
64
Table: Weighting Of Indicators
65

The Oman Infrastructure Report features BMI Research's market assessment and forecasts covering public procurement and spending on all major infrastructure and construction projects, including transportation and logistics by land, sea and air; power plants and utilities, and commercial construction and property development. The report analyses the impact of regulatory changes and the macroeconomic outlook and features competitive intelligence on contractors and suppliers.

BMI's Oman Infrastructure Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with independent forecasts and competitive intelligence on the Omani infrastructure and construction industry.

Key Benefits

  • Benchmark BMI's independent infrastructure industry forecasts for Oman to test other views - a key input for successful budgetary and planning in the Omani infrastructure market.
  • Target business opportunities and risks in the Omani infrastructure sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Oman.
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Company Profiles (inc. SWOTs, KPIs and latest activity).

Coverage

BMI Industry View

Summary of BMI’s key industry forecasts, views and trend analysis covering infrastructure and construction, regulatory changes, major investments and projects and significant national and multinational company developments. These are broken down into construction (social, commercial and residential), transport (roads, railways, ports, airports, etc), and energy & utilities (powerplants, pipelines and so on).

Industry SWOT Analysis

Analysis of the major strengths, weaknesses, opportunities and threats within the infrastructure and construction sectors and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (up to 2012) and forecasts to end-2024 for all key industry indicators, supported by explicit assumptions, plus analysis of key developments in the market and risks to the main forecasts. Indicators include:

Construction: Industry value (USDbn); contribution to GDP (%); total capital investment (USDbn); real growth (%).

Construction industry real growth forecasts (%) and industry value (USDbn) forecasts for industry sectors are split into Residential and Non-residential and Infrastructure sectors. Where the data is available for particular countries the infrastructure is further broken down into indicators for the transport subsectors of roads, railways, airports and ports and the energy and utilities sub-sectors of power plants and transmission grids, oil & gas pipelines and water infrastructure. This dataset is unique to the market.

The reports also include analysis of latest projects across the infrastructure sectors (transport, utilities, commercial construction).

BMI’s Infrastructure Risk Reward Index

BMI’s Risk Reward Index provides investors (construction companies, suppliers and partners) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and  demographic data points. These provide indices of highest to lowest appeal to investors, with each position explained.

Market Overview

An assessment of the competitive landscape and key challenges to entering the market. Details of the largest companies active in the sector across the sub-segments of the industry, including the key financial figures from some of the largest players in the sector.

Company Profiles*

Examines the competitive positioning and short- to medium-term business strategies of key industry players. Strategy is examined within the context of BMI’s industry forecasts, our macroeconomic views and our understanding of the wider competitive landscape to generate company SWOT analyses. The latest financial and operating statistics and key company developments are also incorporated within the company profiles, enabling a full evaluation of recent company performance and future growth prospects.

Sources

The Infrastructure reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports.

*Company profiles are not available for every country. Those reports instead contain information on the current activities of prominent companies operating in the market.

secure
Benefit from discounts when you add multiple products to your basket
2 Products SAVE 10%
3 Products SAVE 15%
4 Products SAVE 20%
5 Products SAVE 25%
6 Products SAVE 30%
7 - 20 Products SAVE 35%
21 Products or more SAVE 40%

Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc