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Oman

Oman news and analysis, tenders, contracts awarded, commentary and economic data

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Profile

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Oman
Leader
Sultan Qaboos bin Said al-Said

Oman country datafile
Country overview
Government contacts

Country data

Iran 2007 2008 2009 2010 2011f 2012f 2013f
Nominal GDP ($bn) 41.9 60.7 48.3 59.2* 72.7 80 82.9
GDP per capita ($) 15,369 21,804 16,743* 19,867* 23,572 25,152 25,269
Real GDP growth (annual change, %) 6.7 13.1 3.9 5* 5.4 5 3.9
Government revenue (% of GDP) 47.5 46.3 38* 39* 41.4 41.1 40.7
Government total expenditure (% of GDP) 35.4 29.4 38.3* 33.6* 31.7 32.6 33.6
Total government debt (gross, % of GDP) 6.9 4.7 6.3* 5.3* 5 5.5 6.1
Current account balance (% of GDP) 5.9 8.3 -1.2 8.6* 16.7 14 10
Value of oil imports 0 0 0 0 0 0 0
Value of oil exports 18.7 28.7 18.1 25.2 33.4 35.9 35.3
Inflation (%) 5.9 12.6 3.5 3.3* 4 3.2 3
Click to see full economic data (2005 - 2017 forecast)
Source: International Monetary Fund, World Economic Outlook Database; Last updated: March 2013; *=Estimate

Oman trends

Oman 40mm Crush aggregate prices

Regulation to increase Oman aggregate prices Subscription

9 May 2013, 8:38 GMT | By Cathal Gormley

Government is trying to resolve issue of illegal quarrying

Middle East contracts awarded April 2013

Middle East contracts awarded: April 2013 Subscription

5 May 2013, 7:41 GMT

Just over $12bn-worth of contracts were awarded in April

Global steel demand growth

Middle East steel demand set to surge in 2014 Subscription

17 April 2013, 11:10 GMT | By

Uncertainty over major steel projects could leave region a significant importer over next decade

Orpic petrochemicals capacity

Orpic Subscription

16 April 2013, 9:31 GMT | By

The Omani energy firm is planning to expand capacity and integrate its refining operations

GCC power reserve margin 2011

Two Omani power plants begin commercial operation Subscription

15 April 2013, 9:41 GMT | By

Sohar 2 and Barka 3 independent power projects add 1,500MW to Oman’s capacity

Thermoplastics output 2012

GCC continues to lead plastics growth Subscription

11 April 2013, 8:29 GMT | By

But region lags behind in plastics processing sector

Middle East contract awards March 2013

Middle East contracts awarded: March 2013 Subscription

8 April 2013, 10:34 GMT

Just over $8bn-worth of contracts were awarded in March

Oman oil and gas contracts 2011-2013

Oman oil and gas project market in strong start to year Subscription

20 March 2013, 12:47 GMT | By

Over $500m in contracts awarded in first quarter but landmark projects to come later in year

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MEED comment

Energy: New body should oversee supply and demand

Energy body the next bold step

9 May 2013, 15:05 GMT | By

A single energy ministry to oversee Oman’s power demands would give the sector more coherence

Gas

Gas find could provide lifeline for Oman

7 March 2013, 13:23 GMT

Oman’s latest gas discovery could help the sultanate avoid a looming gas supply crunch as its existing reserves go into decline

Dubai airport: Concourse A opened in January

Middle East invests in airport expansion

17 January 2013, 12:50 GMT

Authorities are investing in new airport terminals and concourses to meet rising passenger demand

Dubai

GCC firms reduce refinancing risk

6 December 2012, 13:04 GMT

Gulf corporates’ credit-worthiness improves as debt is slowly repaid, but underlying risks still remain

Oman

New oil recovery techniques put Oman ahead

1 November 2012, 13:53 GMT

Enhanced oil recovery techniques  have fuelled a resurgence in Oman’s hydrocarbons sector

See all MEED commentary

Special reports

Oman

Oman: Mixed messages on promised reforms Subscription

3 October 2012, 13:05 GMT

The Arab uprisings brought social unrest to Oman for the first time since 1976, when Muscat put down the Dhofar rebellion

More Oman special reports

Market presentations

After the Uprisings webinar

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

4 March 2013, 5:52 GMT

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, 11:24 GMT

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

Construction

GCC Construction: The move from private to public infrastructure spending

7 June 2011, 6:50 GMT

MEED’s webinar on the major changes impacting the region’s construction sector

Project awards

Italian firm wins Oman fighter jet contract Subscription

22 April 2013, 8:03 GMT | By

Italy’s Alenia Aermacchi to supply components for Oman’s new Eurofighter

Oman awards Dhofar oil and gas blocks to PetroTel Subscription

2 April 2013, 9:06 GMT | By

US group wins three-year agreement to explore Block 39 and 67 in south of Oman

Petrojet wins contract on gas pipeline in central Oman Subscription

18 March 2013, 9:02 GMT | By

Egyptian group to build 157-kilometre pipeline at Barik gas field in Al-Wusta governorate

Oman’s Sohar port awards new terminal contract Subscription

22 January 2013, 9:22 GMT | By

Hong Kong-based Hutchison Whampoa wins $130m deal

Bahwan wins transmission line contract in Oman Subscription

8 January 2013, 5:54 GMT | By

Local contractor will install 400kV and 220kV overhead lines

Projects trends

Gulf projects index 14.05.13

Sharp drops lead to Gulf index decline Subscription

16 May 2013, 9:18 GMT

Kuwait only GCC state to record fall in value of projects sector

Gulf Projects Index

UAE and Iran push down Gulf index Subscription

9 May 2013, 9:48 GMT

Kuwait records biggest market growth after the launch of new transformer stations project

Gulf Projects Index

Iraq and Oman lift Gulf projects index Subscription

2 May 2013, 10:19 GMT

Baghdad projects market reaches a $500bn high registering a growth of 3.3 per cent

More Gulf Projets Index

Top 10 projects

Rank Project Name Sector Contract value  ($m)
1 Muscat & Salalah Intl Airport Expansion: Passenger Terminal: MC3 Transport 1,834
2 Sur IPP Gas 1,600
3 Muscat & Salalah International Airport Expansion: MC1 Transport 1,300
4 Sohar IPP Power 850
4 Barka 3 IPP Power 850
6 Redevelopment of Salalah International Airport: MC5 Transport 764
7 Batinah Coastal Road Project: Phase 1 Transport 712
8 Sohar Steel Complex Expansion: Phase 3 Metals & Mining 560
9 Musandam Oil & Gas Processing Plant Gas 480
10 Salalah Ethylene Dichloride & Caustic Soda Facility Chemical 450
Click through to the full data table on Oman's biggest projects in construction
Click through to MEED's Q1 2013 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2013; All projects in execution

Companies

Al-Hassan Group Subscription

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

Bahwan Engineering

Bahwan Engineering Subscription

See all Oman company profiles

People

Haitham Abdullah al-Kharusi Subscription

7 April 2013, 13:51 GMT

Haitham Abdullah al-Kharusi is vice-president, consumer, Omantel

Dan Blanchard Subscription

25 February 2013, 11:56 GMT

Dan Blanchard is vice-president, Middle East operations and general manager of Oman, BP

Mohammed Ahmed al-Dheeb Subscription

12 February 2013, 6:04 GMT

Mohammed Ahmed al-Dheeb

Jamal Shamis al-Hooti Subscription

11 February 2013, 12:37 GMT

Jamal Shamis al-Hooti is chief executive officer, Oman Cement Company

Dhananjay Chaudari Subscription

12 November 2012, 10:07 GMT

Dhananjay Chaudari is general manager, Sohar Sulphur Fertilisers

Awadh Hassan al-Shanfari Subscription

12 November 2012, 10:02 GMT

Awadh Hassan al-Shanfari is CEO, Salalah Methanol Company

See all Oman biographies

Latest Oman news

Oman to study new $3-4bn petrochemicals complex Subscription

15 May 2013, 9:51 GMT | By

Head of downstream operator says new steam cracker and plastics units under consideration – report

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Tenders

Oman: Power network services

14 May 2013, 21:33 GMT | By

Provision of electrical emergency and maintenance services for 33kV and low-voltage networks

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MEED events

Oman Projects Forum 2013 Subscription

Reviewing Oman’s Project Market and upcoming Opportunities

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