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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

Mainline network

Oman National Railway Subscription

29 October 2014

Muscat intends to develop the entire network almost simultaneously

Oman electricity supply and power and water projects

Muscat strives to keep up project momentum Subscription

27 October 2014 | By James Gavin

A series of independent power and water projects is planned to meet rapidly growing demand in Oman’s power and water sectors

Power

GDF Suez consolidates its position Subscription

23 October 2014 | By

The group’s success in winning Kuwait’s first independent water and power project has bolstered its dominance in the GCC’s private developer market

Oman peak power and water demand

Muscat gears up to meet demand Subscription

21 October 2014 | By

Faced with rapid population and industrial growth, the sultanate is pushing ahead with independent power and water projects in an effort to avoid shortages

Duqm

Duqm Frontier Town Subscription

19 October 2014

The new centre of economic activity will focus on exports

Natural gas production

Khazzan tight gas project Subscription

19 October 2014

Local contractors to benefit from Oman’s biggest single upstream development

Megaprojects: Oman’s energy projects market is expected to grow considerably in the next few years

Duqm refinery & chemical complex Subscription

19 October 2014

Oman’s third refinery will provide substantial volumes of naphtha

Projects by sector

Batinah Expressway Subscription

19 October 2014

Road link will play a key role in the economic development of Oman

Filter Oman analysis by sector

MEED comment

Oman plastics drive

Liwa Plastics a milestone for Oman diversification

30 October 2014 | By

Sohar megaproject receives first major industrial gas allocation for almost a decade

Power generation

Power leads privatisation drive in Oman

30 October 2014 | By

Creating a spot market for electricity pricing is the latest plan for the country’s utility sector

New Oman projects could boost exports

New Oman projects could boost gas exports

16 October 2014 | By

Khazzan project gathers steam with most of construction on track to start in 2015

See all MEED commentary

Special reports

Power and water

Region’s utility sector races to meet demand

30 October 2014 | By

With rapid population and industrial growth, the Middle East and North Africa is a key market for companies involved in the power and water sectors

Muscat, Oman

Oman Projects 2014

19 October 2014

Oman’s projects sector to see increased activity

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

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

Adwea peak water supply

Suez Environment wins major Abu Dhabi and Oman contracts Subscription

29 October 2014 | By

Work will include building desalination component of Abu Dhabi’s Mirfa project

Oil and gas processing plant

Spanish consortium awarded Oman oil and gas plants modernisation Subscription

29 October 2014 | By

OHL Industrial and Sener win contract on Petroleum Development Oman facilities

The UK's BP has awarded about $730m in long-term drilling contracts for its Khazzan tight gas project in central Oman

BP awards $730m in Oman drilling deals Subscription

8 October 2014 | By

KCA Deutag and Abraj Energy Service win deals on Khazzan gas project

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

Projects trends

Gulf Projects Index

Gulf index falls back to September levels Subscription

30 October 2014

UAE and Qatar record biggest declines in value of projects markets

Gulf projects index

Gulf index rises on Qatar growth Subscription

23 October 2014

Gas-rich state records expansion of 3.4 per cent in value of projects market

Gulf projects index

GCC market makes small gains Subscription

16 October 2014

Oman records the strongest growth, while Iraq’s index freefall slows despite clashes

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

Latest Oman Projects Forum 2014 news

Oman fishing industry

Fishing sector to contribute $1.9bn to Oman’s GDP by 2020

29 October 2014 | By

Sultanate is currently developing one of the largest fishing port facilities in the Gulf

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