Oman Infrastructure Report Q4 2014 - New Market Study Published

We maintain our 6.4% real construction industry growth forecast for Oman in 2014. A robust project pipeline, particularly in the transport infrastructure sector, along with investment associated with a burgeoning tourism industry will see strong growth at an average of 5.4% over the next five years.

K ey Trends And Developments

* In addition to the above mentioned budget, the government announced in October 2013 that the country will spend over USD50bn in infrastructure projects in the next 15 years. From this budget, USD20bn is earmarked for the transport sector - including Oman National Railway - which is where we see the strongest pipeline of projects.
* We expect Oman's transport infrastructure sector to continue experiencing a significant expansion over out 10-year forecast period, particularly surrounding the development of the country's road network. Spending allocations for new road ventures in Oman were set at OMR1.7bn (USD4.4bn) as part of the wider government five-year spending plan (2011-2015) and as such has enjoyed considerable activity over the past few years.
* The Omani government has earmarked tourism as one of the key sectors that will drive its economic diversification strategy. To this end, the government established OMRAN - a company to deliver major tourism projects and manage assets and investment in the sector.
* Oman's economy continues to be highly dependent on hydrocarbons, but revenues from oil and gas have started to decline. The weakening in hydrocarbons revenue is a structural problem that will weaken the government's capacity to invest in infrastructure projects.
* The Omani government's anti-corruption campaign has been extensive by Gulf standards and will continue in the years ahead. These efforts will strengthen the sultanate's business environment, attracting private investment in the construction industry.

Full Report Details at
- http://www.fastmr.com/prod/878995_oman_infrastructure_report_q4_2014.aspx?afid=301

The Oman Infrastructure Report features Business Monitor International (BMI)'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.

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