Oman Infrastructure Report Q3 2012

Published : July 2012
No. of Pages : 64

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BMI View: Despite continuing political turmoil in the wider region, Oman’s construction sector shows positive signs for the rest of 2012. Construction industry value is forecast to rise to US$5.4bn by 2016, up from US$3.8bn in 2012. Year-on-year (y-o-y) growth of 6.8% is expected for 2012, with annual average growth of 5.7% forecast between 2012 and the end of our forecast period in 2021. The main driving forces for this positive development are the energy and utilities industry, as well as the transport sector.
However, we are also seeing encouraging signs concerning the government’s wider commitment to boosting investment in its tourism industry – a key sector for diversifying the Omani economy.
Key highlights include: 􀂃 The Omani government announced plans to invest OMR314.9mn (US$817.9mn) in road infrastructure projects during 2012. OMR60mn (US$155.8mn) will go towards the OMR250mn (US$649mn) Sur-Bidbid dual carriageway, OMR62.5mn (US$162.3mn) towards the OMR62.5mn (US$162.3mn) Al Batinah Expressway and OMR10mn (US$25.9mn) towards the OMR40m (US$103.8mn) Mahdha-Al Rawda dual carriageway. The government has also announced that 681 infrastructure development projects, worth a total of OMR1.5bn (US$3.9bn), will begin during 2012.
􀂃 The Omani Public Authority for Electricity and Water (PAEW) announced that it has allocated OMR390mn (US$1.01bn) for electricity and water infrastructure development in 2012, reports ameinfo.com. The PAEW is undertaking the construction of four new power plants in different governorates and is also considering building further new facilities in both Duqm and Salalah. A 450MW power and desalination power plant will open in Salalah in April 2012.
􀂃 State-owned Oman Oil Company was granted a mandate to develop an Independent Power Project (IPP) in the governorate of Musandam, following a ''closed'' procurement process. The gas-fired project will have a power generation capacity of nearly 120MW in its initial stages, and will be developed alongside the US$600mn Musandam Gas Plant project. The plant is scheduled to become operational in early 2014.
Oman''s Consultative Council, which was elected for the first time on October 15 2011, is unlikely to bring major changes to the country''s political system, which is dominated by Sultan Qaboos bin Said al- Said. While Qaboos''s decision to change the Council from a purely advisory appointed body, to an elected one that participates in the legislative process has brought about minor changes thus far, we do not expect significant concessions to be made.
Oman''s economy is set to hit a cyclical peak in 2012, and we have raised our real GDP growth forecasts to 5.4% and 4.0% y-o-y in 2012 and 2013 respectively, from 4.5% and 3.4% previously. Elevated oil receipts will drive this expansion, which will feed through to government consumption and fixed investment. Oman''s fiscal situation is set to worsen over the medium-term. Expenditure, mainly geared towards current consumption, will rise by 11.0% y-o-y in 2012, owing to governmental efforts to create greater public sector employment opportunities. These commitments will be difficult to pull back in the future. At the same time, oil revenues are set to decrease on the back of falling prices and export volumes.

BMI Industry View 5
SWOT Analysis . 7
Oman Infrastructure Industry SWOT . 7
Competitive Landscape . 8
Table: EQS Data.. 8
Building Materials 10
Global Overview . 10
Middle East Overview . 13
Cement Forecasts ... 17
Table: Oman Cement Production and Consumption Data, 2009 - 2016 17
Table: Oman Cement Production and Consumption Long-Term Forecasts, 2014 - 2021 17
Industry Forecast Scenario ... 19
Table: Oman Construction And Infrastructure Industry Data, 2008 - 2016 19
Table: Oman Construction And Infrastructure Long Term Forecasts, 2013 - 2021... 19
Construction and Infrastructure Forecast Scenario .. 20
Transport Infrastructure 22
Outlook and Overview 22
Major Projects Table – Transport .. 23
Table: Major Projects - Transport ... 23
Energy and Utilities Infrastructure . 28
Outlook and Overview 28
Major Projects Table - Energy and Utilities .. 29
Table: Major Projects – Energy And Utilities 29
Residential/Non-Residential Construction and Social Infrastructure 32
Outlook and Overview 32
Major Projects Table – Residential/Non-Residential Construction and Social Infrastructure ... 33
Table: Major Projects – Construction And Social Infrastructure 33
Risk/Reward Ratings 34
Oman’s Risk/Reward Ratings . 34
Rewards ... 34
Risks .. 35
Regional Overview . 36
Table: Regional Infrastructure Risk/Reward Ratings 41
Company Monitor . 42
Galfar Engineering And Contracting ... 42
Global Overview . 45
Methodology ... 52
Industry Forecasts .. 52
Construction Industry .. 53
Data Methodology . 53
New Infrastructure Data Sub-sectors ... 53
Construction 54
Capital Investment . 55
Construction Sector Employment . 56
Infrastructure Risk/Reward Ratings 56
Table: Infrastructure Business Environment Indicators 57
Project Finance Ratings ... 58
Table: Design And Construction Phase . 59
Table: Commissioning And Operating Phase – Commercial Construction . 60
Table: Commissioning And Operating Phase – Energy And Utilities 61
Table: Commissioning And Operating Phase – Transport . 62
Sources ... 63Table: EQS Data. 8

Table: Oman Cement Production and Consumption Data, 2009 - 2016 . 17

Table: Oman Cement Production and Consumption Long-Term Forecasts, 2014 - 2021 . 17

Table: Oman Construction And Infrastructure Industry Data, 2008 - 2016 . 19

Table: Oman Construction And Infrastructure Long Term Forecasts, 2013 - 2021. 19

Major Projects Table – Transport . 23

Table: Major Projects - Transport . 23

Major Projects Table - Energy and Utilities . 29

Table: Major Projects – Energy And Utilities. 29

Major Projects Table – Residential/Non-Residential Construction and Social Infrastructure . 33

Table: Major Projects – Construction And Social Infrastructure . 33

Table: Regional Infrastructure Risk/Reward Ratings . 41

Table: Infrastructure Business Environment Indicators . 57

Table: Design And Construction Phase . 59

Table: Commissioning And Operating Phase – Commercial Construction . 60

Table: Commissioning And Operating Phase – Energy And Utilities . 61

Table: Commissioning And Operating Phase – Transport . 62

Oman Infrastructure Report Q3 2012

Published By: Business Monitor International

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