Construction in Oman - Key Trends and Opportunities to 2017

Published: Jan, 2014 | Pages: 71 | Publisher: Timetric
Industry: Construction | Report Format: Electronic (PDF)


Synopsis
This report provides detailed market analysis, information and insights into the Omani construction industry including:
The Omani construction industry's growth prospects by market, project type and type of construction activity
Analysis of equipment, material and service costs across each project type within Oman
Critical insight into the impact of industry trends and issues, and the risks and opportunities they present to participants in the Omani construction industry
Assessment of the competitive forces facing the construction industry in Oman, and profiles of the leading operators
Data highlights of the largest construction projects in Oman. 

Summary
The Omani construction industry posted a compound annual growth rate (CAGR) of 4.54% during the review period (2008-2012). This growth was supported by private and public investment in infrastructure, residential, commercial and institutional construction projects in an effort to diversify the country's economy and reduce its dependence on oil. Under the Eighth Five-Year Plan (2011-2015), 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%. 
Scope
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 Porter's Five Forces analysis
Detailed profiles of the leading construction companies in Oman 
Reason 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 
Key Highlights
 According to UN population statistics, Oman's 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.
Oman's 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 (2011-2015) 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.

 1 Executive Summary
2 Market Overview
2.1 The Domestic Economy
2.2 Key Trends and Issues
2.3 Benchmarking by Market Size and Growth
2.4 Price Dymics
2.4.1 Salaries
2.4.2 Equipment
2.4.3 Materials
2.4.4 Energy
2.5 Porter's Five Forces Alysis
2.5.1 Bargaining power of suppliers - high
2.5.2 Bargaining power of buyers - low
2.5.3 Barriers to entry - medium to high
2.5.4 Intensity of rivalry - high
2.5.5 Threat of substitution - low
2.6 Demographic Profile
3 Commercial Construction
3.1 Performance Outlook
3.2 Key Trends and Issues
3.3 Data and Project Highlights
4 Industrial Construction
4.1 Performance Outlook
4.2 Key Trends and Issues
4.3 Data and Project Highlights
5 Infrastructure Construction
5.1 Performance Outlook
5.2 Key Trends and Issues
5.3 Data and Project Highlights
6 Institutiol Construction
6.1 Performance Outlook
6.2 Key Trends and Issues
6.3 Data and Project Highlights
7 Residential Construction
7.1 Performance Outlook
7.2 Key Trends and Issues
7.3 Data and Project Highlights
8 Company Profile: Galfar Engineering & Contracting SAOG
8.1 Galfar Engineering & Contracting SAOG - Company Overview
8.2 Galfar Engineering & Contracting SAOG - Business Description
8.3 Galfar Engineering & Contracting SAOG - Main Products and Services
8.4 Galfar Engineering & Contracting SAOG - History
8.5 Galfar Engineering & Contracting SAOG - Company Information
8.5.1 Galfar Engineering & Contracting SAOG - key competitors
8.5.2 Galfar Engineering & Contracting SAOG - key employees
9 Company Profile: Al Hassan Group of Companies
9.1 Al Hassan Group of Companies - Company Overview
9.2 Al Hassan Group of Companies - Main Products and Services
9.3 Al Hassan Group of Companies - Company Information
9.3.1 Al Hassan Group of Companies - key competitors
9.3.2 Al Hassan Group of Companies - key employees
10 Company Profile: Bahwan Engineering Company LLC
10.1 Bahwan Engineering Company LLC - Company Overview
10.2 Bahwan Engineering Company LLC - Main Products and Services
10.3 Bahwan Engineering Company LLC - Company Information
10.3.1 Bahwan Engineering Company LLC - key competitors
10.3.2 Bahwan Engineering Company LLC - key employees
11 Company Profile: Douglas OHI LLC
11.1 Douglas OHI LLC - Company Overview
11.2 Douglas OHI LLC - Main Products and Services
11.3 Douglas OHI LLC - Company Information
11.3.1 Douglas OHI LLC - key competitors
11.3.2 Douglas OHI LLC - key employees
12 Company Profile: Carillion Alawi LLC
12.1 Carillion Alawi LLC - Company Overview
12.2 Carillion Alawi LLC - Main Services
12.3 Carillion Alawi LLC - Company Information
12.3.1 Carillion Alawi LLC - key competitors
12.3.2 Carillion Alawi LLC - key employees
13 Market Data Alysis
13.1 Construction Output and Value Add
13.1.1 Construction output by project type
13.1.2 Construction output by cost type
13.1.3 Construction output by activity type
13.1.4 Construction value add by project type
13.2 Commercial Construction
13.2.1 Commercial construction output by project type
13.2.2 Commercial construction output by cost type
13.2.3 Commercial construction output by activity type
13.2.4 Commercial construction value add by project type
13.3 Industrial Construction
13.3.1 Industrial construction output by project type
13.3.2 Industrial construction output by cost type
13.3.3 Industrial construction output by activity type
13.3.4 Industrial construction value add by project type
13.4 Infrastructure Construction
13.4.1 Infrastructure construction output by project type
13.4.2 Infrastructure construction output by cost type
13.4.3 Infrastructure construction output by activity type
13.4.4 Infrastructure construction value add by project type
13.5 Institutiol Construction
13.5.1 Institutiol construction output by project type
13.5.2 Institutiol construction output by cost type
13.5.3 Institutiol construction output by activity type
13.5.4 Institutiol construction value add by project type
13.6 Residential Construction
13.6.1 Residential construction output by project type
13.6.2 Residential construction output by cost type
13.6.3 Residential construction output by activity type
13.6.4 Residential construction value add by project type
14 Appendix
14.1 What is this Report About?
14.2 Definitions
14.3 Summary Methodology
14.4 Methodology
14.5 Contact Timetric
14.6 About Timetric
14.7 Timetric's Services
14.8 Disclaimer


List of Tables
Table 1: Benchmarking with Other Major Construction Industries
Table 2: Project 1 - Omnivest - Salalah Tourism Resort - Dhofar
Table 3: Project 2 - Orascom - Movenpick Resort & Spa - Salalah
Table 4: Project 3 - MoT/QDREIC - Ras Al Hadd Resort Development - Oman
Table 5: Project 4 - SA - Sohar Aluminum Plant Expansion - Al Batih
Table 6: Project 5 - Orpic - Port of Sohar Steam Cracker and Polyethylene Plant - Oman
Table 7: Project 6 - JSIS - Sohar Jindal Shadeed Iron & Steel Plant Expansion - Oman
Table 8: Project 7 - MoTC - Batih Railway Network - Oman
Table 9: Project 8 - MOTC - Bidbid to Sur Road Development - Oman
Table 10: Project 9 - MTC - Salalah Port Expansion: Termil II - Dhofar
Table 11: Project 10 - MoH - Batih Medical Complex - Oman
Table 12: Project 11 - AMG - Salalah Intertiol Medical City - Oman
Table 13: Project 12 - SQUH - Oman tiol Centre For Haematology And Spil Transplant - Muscat
Table 14: Project 13 - AQPL - Qaryat Qurum Township Development - Muscat
Table 15: Project 14 - MM - Quriyat Housing Development - Oman
Table 16: Project 15 - PEIE - Rusayl Industrial Estate: Residential Township - Muscat
Table 17: Galfar Engineering & Contracting SAOG, Key Facts
Table 18: Galfar Engineering & Contracting SAOG, Main Products and Services
Table 19: Galfar Engineering & Contracting SAOG, History
Table 20: Galfar Engineering & Contracting SAOG, Key Employees
Table 21: Al Hassan Group of Companies, Key Facts
Table 22: Al Hassan Group of Companies, Main Products and Services
Table 23: Al Hassan Group of Companies, Key Employees
Table 24: Bahwan Engineering Company LLC, Key Facts
Table 25: Bahwan Engineering Company LLC, Main Products and Services
Table 26: Bahwan Engineering Company LLC, Key Employees
Table 27: Douglas OHI LLC, Key Facts
Table 28: Douglas OHI LLC, Main Products and Services
Table 29: Douglas OHI LLC, Key Employees
Table 30: Carillion Alawi LLC, Key Facts
Table 31: Carillion Alawi LLC, Main Services
Table 32: Carillion Alawi LLC, Key Employees
Table 33: Omani Construction Output by Project Type (OMR Million), 2008-2012
Table 34: Omani Construction Output by Project Type (OMR Million), 2012-2017
Table 35: Omani Construction Output by Cost Type (OMR Million), 2008-2012
Table 36: Omani Construction Output by Cost Type (OMR Million), 2012-2017
Table 37: Omani Construction Output by Activity Type (OMR Million), 2008-2012
Table 38: Omani Construction Output by Activity Type (OMR Million), 2012-2017
Table 39: Omani Construction Value Add by Project Type (OMR Million), 2008-2012
Table 40: Omani Construction Value Add by Project Type (OMR Million), 2012-2017
Table 41: Omani Commercial Construction Output by Project Type (OMR Million), 2008-2012
Table 42: Omani Commercial Construction Output by Project Type (OMR Million), 2012-2017
Table 43: Omani Commercial Construction Output by Cost Type (OMR Million), 2008-2012
Table 44: Omani Commercial Construction Output by Cost Type (OMR Million), 2012-2017
Table 45: Omani Commercial Construction Output by Activity Type (OMR Million), 2008-2012
Table 46: Omani Commercial Construction Output by Activity Type (OMR Million), 2012-2017
Table 47: Omani Commercial Construction Value Add by Project Type (OMR Million), 2008-2012
Table 48: Omani Commercial Construction Value Add by Project Type (OMR Million), 2012-2017
Table 49: Omani Industrial Construction Output by Project Type (OMR Million), 2008-2012
Table 50: Omani Industrial Construction Output by Project Type (OMR Million), 2012-2017
Table 51: Omani Industrial Construction Output by Cost Type (OMR Million), 2008-2012
Table 52: Omani Industrial Construction Output by Cost Type (OMR Million), 2012-2017
Table 53: Omani Industrial Construction Output by Activity Type (OMR Million), 2008-2012
Table 54: Omani Industrial Construction Output by Activity Type (OMR Million), 2012-2017
Table 55: Omani Industrial Construction Value Add by Project Type (OMR Million), 2008-2012
Table 56: Omani Industrial Construction Value Add by Project Type (OMR Million), 2012-2017
Table 57: Omani Infrastructure Construction Output by Project Type (OMR Million), 2008-2012
Table 58: Omani Infrastructure Construction Output by Project Type (OMR Million), 2012-2017
Table 59: Omani Infrastructure Construction Output by Cost Type (OMR Million), 2008-2012
Table 60: Omani Infrastructure Construction Output by Cost Type (OMR Million), 2012-2017
Table 61: Omani Infrastructure Construction Output by Activity Type (OMR Million), 2008-2012
Table 62: Omani Infrastructure Construction Output by Activity Type (OMR Million), 2012-2017
Table 63: Omani Infrastructure Construction Value Add by Project Type (OMR Million), 2008-2012
Table 64: Omani Infrastructure Construction Value Add by Project Type (OMR Million), 2012-2017
Table 65: Omani Institutiol Construction Output by Project Type (OMR Million), 2008-2012
Table 66: Omani Institutiol Construction Output by Project Type (OMR Million), 2012-2017
Table 67: Omani Institutiol Construction Output by Cost Type (OMR Million), 2008-2012
Table 68: Omani Institutiol Construction Output by Cost Type (OMR Million), 2012-2017
Table 69: Omani Institutiol Construction Output by Activity Type (OMR Million), 2008-2012
Table 70: Omani Institutiol Construction Output by Activity Type (OMR Million), 2012-2017
Table 71: Omani Institutiol Construction Value Add by Project Type (OMR Million), 2008-2012
Table 72: Omani Institutiol Construction Value Add by Project Type (OMR Million), 2012-2017
Table 73: Omani Residential Construction Output by Project Type (OMR Million), 2008-2012
Table 74: Omani Residential Construction Output by Project Type (OMR Million), 2012-2017
Table 75: Omani Residential Construction Output by Cost Type (OMR Million), 2008-2012
Table 76: Omani Residential Construction Output by Cost Type (OMR Million), 2012-2017
Table 77: Omani Residential Construction Output by Activity Type (OMR Million), 2008-2012
Table 78: Omani Residential Construction Output by Activity Type (OMR Million), 2012-2017
Table 79: Omani Residential Construction Value Add by Project Type (OMR Million), 2008-2012
Table 80: Omani Residential Construction Value Add by Project Type (OMR Million), 2012-2017
Table 81: Timetric Construction Market Definitions