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(Construction.IndustryNews247.Com, March 07, 2018 ) Oman's construction industry suffered a sharp downturn in 2017, in part due to public expenditure cuts that stemmed from a decline in the country's oil production. Consequently, construction output contracted by 6.1% in 2017, following an average annual growth of 9.8% during the preceding three years.
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Although the collapse of oil prices in 2014 affected the oil-dependent economy, the government's effort to diversify the economy through investments in non-oil sectors supported the industry's overall growth in 2015-2016. Additionally, the implementation of the Eighth Five-Year Development Plan 2011-2015 supported the industry's expansion, under which the government invested OMR12.0 billion (US$31.2 billion) to develop the country's residential, transport, industrial and healthcare infrastructure.
The industry is expected to recover in 2018, supported by a gradual recovery in global oil prices. This growth is expected to continue throughout the forecast period (2018-2022), bolstered by the ongoing Ninth Five-Year Development Plan 2016-2020, under which the government is investing OMR66.0 billion (US$171.7 billion) until 2020 to develop overall infrastructure.
The industry's output value in real terms recorded a compound annual growth rate (CAGR) of 5.57% during the review period, and is expected to post a forecast-period CAGR of 7.92%.
Publisher's Construction in Oman-Key Trends and Opportunities to 2022 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 construction activity -Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Omani construction industry -Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.
This report provides a comprehensive analysis of the construction industry in Oman. It provides: -Historical (2013-2017) and forecast (2018-2022) valuations of the construction industry in Oman, featuring details of key growth drivers. -Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector -Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline. -Listings of major projects, in addition to details of leading contractors and consultants -Identify and evaluate market opportunities using Publisher's 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 strategy using Publisher's critical and actionable insight. -Assess business risks, including cost, regulatory and competitive pressures. -Evaluate competitive risk and success factors.
Complete Report is Available at http://www.reportsweb.com/construction-in-oman-key-trends-and-opportunities-to-2022
Table of Contents 1 Executive Summary 2 Construction Outlook: At-a-glance 3 Latest News and Indicators 4 Key Drivers and Risks 4.1 Economic Performance 4.2 Political Environment 4.3 Demographics 5 Construction Outlook 5.1 All Construction 5.1.1 Outlook 5.1.2 Project analytics 5.2 Commercial Construction 5.2.1 Outlook 5.2.2 Project analytics 5.3 Industrial Construction 5.3.1 Outlook 5.3.2 Project analytics 5.4 Infrastructure Construction 5.4.1 Outlook 5.4.2 Project analytics 5.5 Energy and Utilities Construction 5.5.1 Outlook 5.5.2 Project analytics 5.6 Institutional Construction 5.6.1 Outlook 5.6.2 Project analytics 5.7 Residential Construction 5.7.1 Outlook 5.7.2 Project analytics 6 Key Industry Participants 6.1 Contractors 6.2 Consultants 7 Appendix 7.1 What is this Report About? 7.2 Definitions 7.3 About Publisher 7.4 About CIC 7.5 Disclaimer
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