Oman Infrastructure Report

Providing expert analysis, independent forecasts and competitive intelligence on the Infrastructure industry.

Report includes: BMI Industry View, Industry SWOT Analysis, BMI Industry Forecast, BMI's Infrastructure Risk Reward Index, Market Overview and Company Profiles.

Why you should buy this report

  • Gain independent insight into the outlook for the infrastructure industry through BMI's 10 year forecasts
  • Understand the market through analysis of projects , investment plans and key players
  • Understand the threats to your operations and investments and protect your company against future risks
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Oman Infrastructure Report
Product Price
$1,295.00

BMI View: Continued deficit spending in support of infrastructure projects and the solicitation of private capital will sustain the Sultanate ' s construction sector growth rally into 2017. Oman ' s construction fundamentals are increasingly bright - the government ' s focus on infrastructure investment as a means to facilitate economic diversification will ensure that contract opportunities remain plentiful in the years ahead, particularly in the industrial and commercial sectors, while growing structural demand in the country ' s water and power segments will continue to entice international investors. The country ' s proven ability to attract private investment by leveraging its PPP framework - among the more robust in the GCC region - will be a key advantage in blunting the effects of a prolonged period of low oil prices.

Forecasts And Latest Updates

  • We expect that Oman's 2016 recovery has further to run in 2017 and have accordingly revised our 2017 construction forecast upward to 10.1% from 7.4% to reflect an acceleration of project announcements in H216. Our five-year growth outlook is similarly sanguine, with the government's commitment to economic diversification and infrastructure investment informing our view that Oman's construction sector will expand by an annualised average of 10.6%.

  • Oman's government will invest roughly USD20bn in the modernisation and build-out of the country's transport infrastructure over the next 15 years, which underpins our view that transport is set to assume a greater long-term role in driving broader construction sector growth. We expect Oman's planned USD15.6bn national railway network will emerge as a key beneficiary of the government's investment initiative.

  • Robust demand for additional potable water in water-poor continues to attract investor interest, a trend we expect to persist in the coming years. Oman Power and Water Procurement Company (OPWP) have received bids from four consortiums for the USD272mn Salalah and Sharqiyah independent water projects in the country. OPWP revealed the consortiums are led by Japan's JGC Corporation, Spain-based GS Inima, Saudi-based ACWA Power and Spanish firm Tedagua.

Infrastructure - Construction Industry Forecasts (Oman 2015-2025)
2015e 2016f 2017f 2018f 2019f 2020f 2021f 2022f 2023f 2024f 2025f
e/f = BMI estimate/forecast. Source: Central Bank of Oman, Ministry of National Economy, BMI
Construction industry value, OMRbn 2.07 2.26 2.52 2.85 3.27 3.76 4.21 4.63 5.14 5.74 6.34
Construction Industry Value, Real Growth, % y-o-y -0.38 8.30 10.10 10.50 11.60 12.20 8.80 7.10 8.00 8.70 7.40
Construction Industry Value, % of GDP 7.3 7.8 8.5 9.2 10.0 10.9 11.7 12.2 12.9 13.8 14.5

Risk/Reward Index

  • Oman vaults ahead of Saudi Arabia and into second place with a score of 68.1 in Q117, with a substantial improvement in the country's performance on the Industry Rewards pillar driving its recent overall score increase.

  • The Sultanate's significant improvement in its Industry Rewards score, which rose to 72.5 from 65, reflects our increasingly positive view of the country's construction sector growth potential in the coming years.

  • Oman performs particularly well in terms of Industry Risks due to a transparent and attractive competitive landscape that reduces threats to potential investors and tops the region with a score of 82.5.

Infrastructure Risk Reward Index (Oman 2016-2016)
Risk/Reward Index Rewards Industry Rewards Country Rewards Risks Industry Risks Country Risks
BMI
68.1 68.4 72.5 60.7 67.5 82.5 57.4
BMI Industry View
7
Table: Infrastructure - Construction Industry Forecasts (Oman 2015-2025)
7
Table: Infrastructure Risk/Reward Index (Oman)
8
SWOT
9
Infrastructure SWOT
9
Industry Forecast
11
Construction And Infrastructure Forecast Scenario
11
Latest Updates
11
Table: Construction And Infrastructure Industry Data (Oman 2015-2025)
11
Structural Trends
12
Transport Infrastructure - Outlook And Overview
17
Latest Updates
17
Structural Trends
17
Table: Key Projects: Transport
25
Energy And Utilities Infrastructure - Outlook And Overview
26
Latest Updates
26
Structural Trends
26
Table: Key Projects: Energy & Utilities
32
Residential/Non-Residential Building - Outlook And Overview
34
Latest Updates
34
Structural Trends
34
Table: Key Projects: Construction & Social Infrastructure
38
Industry Risk/Reward Index
40
Oman Infrastructure Risk/Reward Index
40
Rewards
40
Risks
41
MENA Infrastructure RRI: Oil Prices And Security Remain Key Risks
42
Table: MENA RRI
48
Competitive Landscape
49
Table: EQS Data
49
Company Profile
51
Galfar Engineering And Contracting SAOG
51
Methodology
54
Industry Forecast Methodology
54
Sector-Specific Methodology
55
Risk/Reward Index Methodology
59
Sector-Specific Methodology
60
Table: Infrastructure Risk/Reward Index Indicators
60
Table: Weighting Of Indicators
61

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.