Oman Building Construction Industry November 2011
Description
In spite of the setback witnessed in the early half of 2011 owing to the prevailing global economic conditions and civil unrests, growth in the Oman’s construction sector continues to gather pace backed by its strong economic growth and smooth execution of large-scale projects. The major driver behind rapid expansion of construction industry has been government spending, which registered noteworthy increase in the recent years. Its young and quickly growing population base and the Sultanate’s economic diversification programme are the key driving forces behind the development of stylish construction projects in the Sultanate. Omani policymakers have been active in efforts to diversify the economy through new tax laws, new privatization laws, and creating a market-friendly economic environment.
Buoyed by these factors, the building construction industry in Oman has witnessed unprecedented growth in recent years with the construction contract awards likely to grow from an estimated US$ 1,213 million in 2011 to US$ 3,034 million in 2013.
Ventures Middle East with its vast experience on up to date tracking of projects across industries and countries in the Middle East has aimed to explore the main areas of growth in the Oman building construction market and the prime forces driving the growth of this market while trying to enumerate and outline the main restraints to the growth over the coming years. The Ventures Oman - Building Construction Industry Overview 2011, analyzes all the sub-sectors within the building construction industry such as retail, commercial, residential, mixed use, tourism and leisure and others (includes educational institutions, hospitals, airports and other miscellaneous projects) in detail as to their growth and prospects in the current economic scenario and their future up to 2013. Key Highlights of the study includes a probability impact matrix of the drivers and restraints to the growth of the building construction industry, besides providing detailed and vital statistics on the contracts awarded across the building construction market that comprise the largest areas of activity in the industry, namely, residential, commercial, mixed use, retail, tourism and leisure and others and the demand forecast for key real estate segments. It also includes statistics on the top projects in these major sectors and an overview of the main political, social, economic, technological, legal and environmental factors shaping the growth of the industry in the Sultanate of Oman. This study provides a comprehensive understanding of the complete market dynamics of the Oman Building Construction Industry to assist players interested in assessing the market opportunities in this resilient yet dynamic market.
In spite of the setback witnessed in the early half of 2011 owing to the prevailing global economic conditions and civil unrests, growth in the Oman’s construction sector continues to gather pace backed by its strong economic growth and smooth execution of large-scale projects. The major driver behind rapid expansion of construction industry has been government spending, which registered noteworthy increase in the recent years. Its young and quickly growing population base and the Sultanate’s economic diversification programme are the key driving forces behind the development of stylish construction projects in the Sultanate. Omani policymakers have been active in efforts to diversify the economy through new tax laws, new privatization laws, and creating a market-friendly economic environment.
Buoyed by these factors, the building construction industry in Oman has witnessed unprecedented growth in recent years with the construction contract awards likely to grow from an estimated US$ 1,213 million in 2011 to US$ 3,034 million in 2013.
Ventures Middle East with its vast experience on up to date tracking of projects across industries and countries in the Middle East has aimed to explore the main areas of growth in the Oman building construction market and the prime forces driving the growth of this market while trying to enumerate and outline the main restraints to the growth over the coming years. The Ventures Oman - Building Construction Industry Overview 2011, analyzes all the sub-sectors within the building construction industry such as retail, commercial, residential, mixed use, tourism and leisure and others (includes educational institutions, hospitals, airports and other miscellaneous projects) in detail as to their growth and prospects in the current economic scenario and their future up to 2013. Key Highlights of the study includes a probability impact matrix of the drivers and restraints to the growth of the building construction industry, besides providing detailed and vital statistics on the contracts awarded across the building construction market that comprise the largest areas of activity in the industry, namely, residential, commercial, mixed use, retail, tourism and leisure and others and the demand forecast for key real estate segments. It also includes statistics on the top projects in these major sectors and an overview of the main political, social, economic, technological, legal and environmental factors shaping the growth of the industry in the Sultanate of Oman. This study provides a comprehensive understanding of the complete market dynamics of the Oman Building Construction Industry to assist players interested in assessing the market opportunities in this resilient yet dynamic market.
EXECUTIVE SUMMARY
CHAPTER1. STRATEGIC OVERVIEW OF OMAN CONSTRUCTION INDUSTRY 2011
Oman Construction Industry in 2011 and Beyond
Market Drivers and Restraints and Probability Impact Matrix
Market Growth Drivers
Market Growth Restraints
CHAPTER2. OMAN BUILDING CONSTRUCTION MARKET OVERVIEW
Introduction
Oman Construction Market-Contracts Awarded and Real Estate Demand
Retail Segment
Residential Segment
Commercial Segment
Mixed use Segment
Tourism and Leisure Segment
Others Segment (Includes Airports, Hospitals, Educational Institutions and Miscellaneous Projects)
CHAPTER3. TOP CLIENTS, CONSULTANTS AND CONTRACTORS ACROSS THE OMAN BUILDING CONSTRUCTION INDUSTRY
Top Clients
Top Consultants
Top Contractors
CHAPTER4. FUTURE OUTLOOK FOR THE OMAN BUILDING CONSTRUCTION INDUSTRY
METHODOLOGY
CODE OF ETHICS
VENTURES ONSITE MENA PROJECTS DATABASE
LIST OF FIGURES
Figure 1: Building and Construction Contribution to Oman’s Gross Domestic Product at Current Prices (Omani Rial in Million)
Figure 2 Oman Planned Spending (RO Million) for 2011 - 2015
Figure 3: PESTLE Analysis - Oman Building Construction industry
Figure 4: Oman Construction Industry Budget Totals by Sector (US$ Million), 2011
Figure 5: Oman Building Construction Contractor Awards -All Sectors (US$ Million), 2010-2013
Figure 6: Oman Retail Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 7: Oman Retail Real Estate Demand (Square Meters), 2011-2015
Figure 8: Oman Residential Segment Buildings Contractor Awards (US$ Million), 2010-2013
Figure 9: Oman Residential Segment Real Estate Demand (Square Meters), 2011-2015
Figure 10: Oman Commercial Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 11: Oman Commercial Segment Real Estate Demand (Square Meters), 2011-2015
Figure 12: Oman Mixed Use Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 13: Oman Tourism & Leisure Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 14: Oman Others Segment (including .Airports, Educational Institutions, Hospitals and Misc Projects) Building Contractor Awards (US$ Million), 2010-2013
CHAPTER1. STRATEGIC OVERVIEW OF OMAN CONSTRUCTION INDUSTRY 2011
Oman Construction Industry in 2011 and Beyond
Market Drivers and Restraints and Probability Impact Matrix
Market Growth Drivers
Market Growth Restraints
CHAPTER2. OMAN BUILDING CONSTRUCTION MARKET OVERVIEW
Introduction
Oman Construction Market-Contracts Awarded and Real Estate Demand
Retail Segment
Residential Segment
Commercial Segment
Mixed use Segment
Tourism and Leisure Segment
Others Segment (Includes Airports, Hospitals, Educational Institutions and Miscellaneous Projects)
CHAPTER3. TOP CLIENTS, CONSULTANTS AND CONTRACTORS ACROSS THE OMAN BUILDING CONSTRUCTION INDUSTRY
Top Clients
Top Consultants
Top Contractors
CHAPTER4. FUTURE OUTLOOK FOR THE OMAN BUILDING CONSTRUCTION INDUSTRY
METHODOLOGY
CODE OF ETHICS
VENTURES ONSITE MENA PROJECTS DATABASE
LIST OF FIGURES
Figure 1: Building and Construction Contribution to Oman’s Gross Domestic Product at Current Prices (Omani Rial in Million)
Figure 2 Oman Planned Spending (RO Million) for 2011 - 2015
Figure 3: PESTLE Analysis - Oman Building Construction industry
Figure 4: Oman Construction Industry Budget Totals by Sector (US$ Million), 2011
Figure 5: Oman Building Construction Contractor Awards -All Sectors (US$ Million), 2010-2013
Figure 6: Oman Retail Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 7: Oman Retail Real Estate Demand (Square Meters), 2011-2015
Figure 8: Oman Residential Segment Buildings Contractor Awards (US$ Million), 2010-2013
Figure 9: Oman Residential Segment Real Estate Demand (Square Meters), 2011-2015
Figure 10: Oman Commercial Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 11: Oman Commercial Segment Real Estate Demand (Square Meters), 2011-2015
Figure 12: Oman Mixed Use Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 13: Oman Tourism & Leisure Segment Building Contractor Awards (US$ Million), 2010-2013
Figure 14: Oman Others Segment (including .Airports, Educational Institutions, Hospitals and Misc Projects) Building Contractor Awards (US$ Million), 2010-2013
LIST OF TABLES
Table 1: Oman Macroeconomic Indicators
Table 2: Oman Ongoing Projects in the Retail Segment (US$ Million), November 2011
Table 3: Oman Ongoing Projects in Residential Segment, US$ Million), November 2011
Table 4: Oman Ongoing Projects in the Commercial Segment, (US$ Million), November 2011
Table 5: Oman Ongoing Projects in Mixed Use Segment, (US$ Million), November 2011
Table 6: Oman Ongoing Projects in the Tourism and Leisure Segment, (US$ Million), November 2011
Table 7: Oman Ongoing Projects in the "Others" Segment, (US$ Million), November 2011
Table 1: Oman Macroeconomic Indicators
Table 2: Oman Ongoing Projects in the Retail Segment (US$ Million), November 2011
Table 3: Oman Ongoing Projects in Residential Segment, US$ Million), November 2011
Table 4: Oman Ongoing Projects in the Commercial Segment, (US$ Million), November 2011
Table 5: Oman Ongoing Projects in Mixed Use Segment, (US$ Million), November 2011
Table 6: Oman Ongoing Projects in the Tourism and Leisure Segment, (US$ Million), November 2011
Table 7: Oman Ongoing Projects in the "Others" Segment, (US$ Million), November 2011
