2013-01-31 09:09:00 - Recently published research from Business Monitor International, "Oman Infrastructure Report Q1 2013", is now available at Fast Market Research
BMI View: The construction sector in Oman remains robust and the outlook for 2013 is positive, with year-on-year growth of 5.5% forecast. Solid economic performance and an expanding tourism sector have provided drivers for this growth. However, risks continue to threaten our longer term outlook, as declining oil revenues are potentially tied to political unrest further down the line. The construction industry value is expected to reach US$4.3bn in 2013, rising to US$8.2bn by 2021.
Key developments for the sector:
* The Port of Duqm in Oman is to award US$285mn of construction contracts, divided into two packages, Port Strategy reports. One of the contracts will be for the support infrastructure, the gate, offices and roads, while the other will be
for paving, crane rails and utilities. Work is planned to be completed in Q115, but the recipients of the awards have not been specified.
* The tender board of Oman has evaluated proposals from five bidders for the development of a US$400mn independent water project at Ghubra, in Muscat, Water-Technology reports. It was due to announce the preferred bidder in October 2012. Project work will involve designing, building, financing, operating and maintaining a desalination plant with capacity of 42mn gallons per day (Mgal/d).
* Oman and the UAE selected a 136km length of railway line connecting Sohar with the UAE border for priority implementation. A 27km spur line to Buraimi will also be part of this priority package. The total volume of freight likely to be handled by the international rail network is estimated at 42mn tonnes in 2020, rising to 62mn tonnes in 2030 and topping 73mn tonnes in 2040.
Full Report Details at
- www.fastmr.com/prod/529439_oman_infrastructure_report_q1_2013.as ..
The recent uptick in political unrest in Oman is unlikely to gather steam, and there are few substantial threats to the country's political risk profile in the near term. That said, Muscat's strategy for retaining public support is heavily reliant on handouts of government benefits, repression of dissent, and the popularity of Sultan Qaboos, strategies which are unlikely to prove sustainable over the long term.
Oman's near-term economic outlook remains broadly positive, with heavy government spending stimulating an uptick in activity across the economy. However, as oil revenues are likely to dwindle in the years ahead, the economy is unlikely to be capable of sustaining its current growth momentum in the medium term, and we expect real GDP growth to have peaked in 2012, at 4.9%.
Report Table of Contents:
- Oman Infrastructure Industry SWOT
- Competitive Landscape
- Table: EQS Data
- Middle East and North Africa
- Cement Forecasts
- Table: Oman Cement Production and Consumption Data, 2010-2016
- Table: Oman Cement Production and Consumption Long Term Forecasts, 2015-2021
Industry Forecast Scenario
- Table: Oman Construction And Infrastructure Industry Data, 2010-2016
- Table: Oman Construction And Infrastructure Industry Data, 2015-2021
- Construction and Infrastructure Forecast Scenario
- Outlook and Overview
- Major Projects Table - Transport
- Table: Major Projects - Transport
Energy and Utilities Infrastructure
- Outlook and Overview
- Major Projects Table - Energy and Utilities
- Table: Major Projects - Energy and Utilities
Residential/Non-Residential Construction and Social Infrastructure
- Outlook and Overview
- Major Projects Table - Residential/Non-Residential Construction and Social Infrastructure
- Table: Major Projects - Residential/ Non-Residential Construction and Social Infrastructure
- Oman's Risk/Reward Ratings
- Regional Overview
- Table: Regional Infrastructure Risk/Reward Ratings
- Galfar Engineering And Contracting
- Industry Forecasts
- Construction Industry
- Data Methodology
- New Infrastructure Data Sub-sectors
- Capital Investment
- Construction Sector Employment
- Infrastructure Risk/Reward Ratings
- 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
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