Naperville, IL -- (ReleaseWire) -- 01/22/2014 -- Reportstack, provider of premium market research reports announces the addition of Construction in Oman Key Trends and Opportunities to 2017 market report to its offering
The Omani construction industry posted a compound annual growth rate (CAGR) of 4.54% during the review period (20082012). This growth was supported by private and public investment in infrastructure, residential, commercial and institutional construction projects in an effort to diversify the countrys economy and reduce its dependence on oil. Under the Eighth Five-Year Plan (20112015), the government is investing heavily in infrastructure construction to enhance transport around Oman. Consequently, the industry output is expected to post a CAGR of 10.38%. Continued economic diversification efforts by the government from oil- to non-oil-based growth are likely to yield successful results as the economic outlook for 2013?2017 is positive, with the economy set to continue to expand at an annual rate of 5.0?6.0%.
This report provides a comprehensive analysis of the construction industry in Oman. It provides:
Historical (2008-2012) and forecast (2013-2017) valuations of the construction industry in Oman using construction output and value-add methods
Segmentation by sector (commercial, industrial, infrastructure, institutional and residential) and by project type
Breakdown of values within each project type, by type of activity (new construction, repair and maintenance, refurbishment and demolition) and by type of cost (materials, equipment and services)
Analysis of key construction industry issues, including regulation, cost management, funding and pricing
Assessment of the competitive environment using Porters Five Forces analysis
Detailed profiles of the leading construction companies in Oman
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 Timetric's critical and actionable insight
Assess business risks, including cost, regulatory and competitive pressures
Evaluate competitive risk and success factors
According to UN population statistics, Omans life expectancy at birth improved from 68.4 in 1990 to 72.9 in 2012, due to declining mortality rates. The life expectancy for females and males reached 75.5 and 71.1 years respectively in 2012, up from 69.8 and 67.2 respectively in 1990. The crude death rate declined from 5.7 per thousand people in 1990 to 3.8 per thousand people in 2012.
Omans working-age population as a proportion of the total population remained at around 68.0% during 2003?2012, and the UN projects it to increase to 72.0% by 2022. The median age climbed from 17.6 years in 1990 to 27.5 years in 2012, and is likely to increase to 32 years by 2017 according to UN population projections.
Oman, a middle-income economy, is heavily dependent on its oil reserves. Oil and gas are the major growth drivers, contributing more than half of the nominal GDP and two-thirds of net fiscal revenues. The government has actively pursued a policy of industrialization, diversification and privatization with the aim of reducing its dependence on oil to 9.0% by 2020.
The Eighth Five Year Plan (20112015) is focused on providing and maintaining economic stability and a balanced growth of 3.0% at constant prices. The plan aims to implement this by growing the construction industry; the government has allocated OMR42.7 billion for the duration of the plan, with a particular focus on furthering the role of the private sector and social services.
A number of large-scale projects are presently planned or underway in Oman. Since 2012, the GCC has been undertaking a rail network project, which will connect six GCC states in the Middle East for a value of US$25.0 billion, to be completed by 2017. Oman is part of the project, which involves the construction of 3,954km of rail line covering the coast of the Gulf and extending from Kuwait to Oman, passing through Saudi Arabia, Bahrain, Qatar and the UAE. However, potential structural and coordination issues could hinder the completion of these projects. For example, demand for labor is likely to outstrip supply as the level of construction activity increases significantly. However, with the correct strategy in place these problems can be surmounted.
Galfar Engineering & Contracting SAOG
Al Hassan Group of Companies
Bahwan Engineering Company LLC
Douglas OHI LLC
Carillion Alawi LLC
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