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Oman

Profile

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Oman
Leader
Sultan Qaboos bin Said al-Said

Oman country datafile
Country overview
Government contacts

Country data

Iran 2008 2009 2010 2011 2012f 2013f 2014f
Nominal GDP ($bn) 60.7 48.2 58.8 70.0 78.3 80.6 82.3
GDP per capita ($) 21,808 16,734 23,351* 23,380 25.356 25.289 25.014
Real GDP growth (annual change, %) 13.2 3.3 5.6 4.5 5.0 5.1 3.4
Government revenue (% of GDP) 46.2 38.1 39.3 47.3 47.6 47.6 46.0
Government total expenditure (% of GDP) 29.4 38.4 33.8 38.2 43.1 41.7 45.4
Total government debt (gross, % of GDP) 4.7 6.7 5.5 5.5* 6.0 7.0 8.0
Current account balance (% of GDP) 8.3 -1.3 10.0 15.3 11.6 9.7 7.8
Value of oil imports 0 0 0 0 0 0 0
Value of oil exports 28.7 18.1 25.2 33.4 36.3 35.1 32.6
Inflation (%) 12.6 3.5 3.3 4.0 2.9 1.3 2.7
Click to see full economic data (2005 - 2018 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: June 2013; *=Estimate

Doing business in...

Cover

Doing business in Oman Subscription

3 November 2013 | By

Welcome to MEED’s Guide to Doing Business in Oman

Oman trends

Oman projects by sector and Oman project status

Oman prioritises road and rail plans Subscription

1 October 2014 | By

Developers must overcome the challenges presented by difficult terrain to create a comprehensive transport network

Selected global sovereign sukuk issuance and Saudi domestic bond issuance

Dubai nurtures Islamic ambitions Subscription

17 September 2014 | By

The UAE emirate has been working on encouraging the development of sharia-compliant banks and is also leading the way as a location to list Islamic bonds

GCC oil and gas awards

GCC oil and gas spend hits long-term high in 2014 Subscription

16 September 2014 | By

Six-country bloc has invested $29bn to date driven by resurgence in Kuwait projects

Islamic banks maintain strong growth Subscription

15 September 2014 | By

Sharia-compliant lenders in the GCC are enjoying success in winning greater market share from their conventional counterparts, buoyed by government support

Oman oil and gas fields

Muscat pins its future supply hopes on hard-to-reach reserves Subscription

31 August 2014 | By

Project spending over the next two decades is set to total about $50bn as Oman seeks to maintain production

Risk ratings in the Middle East and North Africa

Navigating regional political and security risk Subscription

17 August 2014 | By

Investors face a widening and complex web of risks in the Middle East and North Africa region

Middle East contracts awarded July 2014

Middle East contracts awarded: July 2014 Subscription

11 August 2014

Over $8bn of contracts were awarded in July in the Middle East

Middle East contracts awarded June 2014

Middle East contracts awarded: June 2014 Subscription

31 July 2014

Over $6bn of contracts awarded in June in the Middle East

Filter Oman analysis by sector

MEED comment

Markets and bonds

Bonds market gains maturity Subscription

10 April 2014

An increasingly diverse base of issuers, driven by strong economic growth is helping to deepen the region’s capital markets

Gasification at Jizan

Higher bid prices return to the GCC Subscription

10 April 2014

European firms have been winning work again for a couple of years now, beating South Korean competition

Oman

Oman looks forward to a positive future Subscription

3 April 2014 | By

With the government rooting out corruption, Oman can focus on a concerted projects drive

See all MEED commentary

Special reports

Oman

Oman: Transport schemes to open up the economy Subscription

2 April 2014

Oman is unique among the GCC states for its geographical beauty

GCC real estate

Real Estate: GCC property markets stabilising Subscription

18 March 2014

There is an uptick in demand for residential and commercial property across the region, with just one or two exceptions

GCC construction

Construction: Continuing GCC projects growth into 2014 Subscription

16 January 2014

After such a successful 2013, beating that target will be a major challenge for the GCC projects market in the year ahead

SR Cover Riding the Boom

Construction: Middle East rides the new projects boom Subscription

21 November 2013

Transport awards, particularly metro schemes, are driving a construction rebound across the region

More Oman special reports

Market presentations

Dubai creek

Managing the Boom: The Outlook for the Middle East Subscription

23 July 2014

Opportunities and challenges for businesses in the region created by the new projects boom

Project Finance

Webinar: Middle East project finance outlook Subscription

17 June 2013

Market constraints to continue, with deals flowing to most stable markets in the region

After the Uprisings webinar

After the Uprisings: The outlook for business in the Middle East in 2013 and beyond Subscription

4 March 2013

A webinar on the region’s business environment, providing current data and exclusive expert analysis drawn from MEED’s team of experts

Wastewater

Webinar: Project opportunities in GCC wastewater Subscription

15 May 2012

Join MEED for an exclusive online seminar looking at the Gulf wastewater sector

Top 10 projects

Rank

Rank Project Name Sector Contract value  ($m)
1 Sohar Refinery Expansion Project Oil 2,100
2 Muscat & Salalah International Airport Expansion: Passenger Terminal: MC3 Transport 1,834
3 Sur IPP Gas 1,600
4 Muscat & Salalah International Airport Expansion: MC1 Transport 1,300
5 Khazzan & Makarem Fields: Central Processing Facility Gas 1,200
6 Redevelopment of Salalah International Airport: MC5 Transport 764
7 Muscat & Salalah Airports: Cargo Terminals & MRO Hangars: MC12 Transport 518
8 Musandam Oil / Gas Processing Plant Gas 480
9 Salalah Ethylene Dichloride & Caustic Soda Facility Chemical 450
10 Batinah Coastal Road Project: Phase 1: Section 2 Transport 387
Click through to the full data table on Oman's biggest projects in construction
Click through to MEED's Q2 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: September 2014; All projects in execution

Project awards

Petrochemicals plant

Mott MacDonald wins Oman natural gas liquids plant design Subscription

1 September 2014 | By

Fahud project to extract products from pipeline gas to feed planned Sohar petrochemicals complex

Power supply in rural Oman

Local firm wins Oman fuel contract for rural power facilities Subscription

1 September 2014 | By

Fuel will be used for power stations outside of ulstanate’s main grid

Refinery pipes

Al-Hassan wins $68m piping deal on Sohar refinery expansion Subscription

25 August 2014 | By

Local group awarded sub-contract by Petrofac/Daelim consortium

Runway

WSP wins Oman airport work Subscription

20 August 2014 | By

Canadian firm appointed by J&P for detailed design work on Muscat and Salalah airport projects

Oman

KEO wins Duqm consultancy contract Subscription

12 August 2014 | By

Kuwaiti consultant will prepare feasibility studies and design for two major areas of Duqm’s Special Economic Zone

Road to Sur in Oman

Hill International wins Oman road contract Subscription

11 August 2014 | By

US firm Hill International will manage construction of the 247-kilometre road scheme

India’s Nagarjuna Construction Company has been awarded a contract to build the second package of the Batinah Expressway project in Oman

Nagarjuna wins $371m Oman road contract Subscription

5 August 2014 | By

Indian contractor will build package 2 of the 265-kilometre road project

Gas pipes

Jacobs awards management deal on Khazzan gas project Subscription

23 July 2014 | By

Contract includes management services on $2bn-worth of pipelines and production facilities

CB&I wins $50m supply deal for Sohar refinery expansion

CB&I wins $50m deal for Sohar refinery expansion Subscription

23 July 2014 | By

US group to supply heaters and steam reformer for project in Oman

Muscat, Oman

Mace awarded consultancy contract by Oman state refiner Subscription

22 July 2014 | By

UK group to provide contract services to hundreds on contracts in sultanate’s downstream sector

Projects trends

Gulf projects index

Conflict weighs on Gulf index Subscription

25 September 2014

Large declines in Iraq and Iran drag down value of region’s projects market

Gulf projects index

Expansion in Saudi Arabia lifts market Subscription

11 September 2014

Projects announcements in Kuwait and Saudi Arabia give boost to Gulf Projects Index

Value of projects planned or under way ($bn)

Big decline for Iraq’s projects market Subscription

4 September 2014

Continued turmoil weighs on Iraq as its projects sector has worst week in 30 months

More Gulf Projets Index

All companies

Al Hassan Group of Companies logo

Al-Hassan Group Subscription

The company is looking to take on more engineering, procurement and construction work

Bahwan Engineering

Bahwan Engineering Subscription

Bahwan Engineering Group one of the largest engineering construction groups in Oman is involved in integrated construction projects in sectors such as oil, gas and power projects, transmission and distribution projects, airports, hotels, hospitals and commercial-residential complexes.

See all Oman company profiles

Contractors

People

Mohammed al-Rumhy Subscription

7 January 2014

Mohammed al-Rumhy is oil and gas minister, Oman

Maitha al-Mahrouqi Subscription

23 September 2013

Maitha al-Mahrouqi is undersecretary, Oman Tourism Ministry

Yahya Kamis Juma al-Zadjali

6 May 2013

Yahya Kamis Juma al-Zadjali is head of planning and engineering, Special Economic Zone Authority Duqm

Ammar al-Kharusi

6 May 2013

Ammar al-Kharusi is construction manager, Omran

Ahmed Mohammed Salem al-Futaisi

6 May 2013

Ahmed Mohammed Salem al-Futaisi

Salim bin Said bin Hamad al-Fannah al-Araimi

6 May 2013

Salim bin Said bin Hamad al-Fannah al-Araimi

See all Oman biographies

Newsletter Sign-up

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MEED events

Oman Projects 2014

Oman Projects Forum 2014

Reviewing Oman’s Project Market and upcoming Opportunities

More MEED events

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