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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

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

Mainline network

Oman National Railway Subscription

19 October 2014

Muscat intends to develop the entire network almost simultaneously

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

Pipeline route

Middle East to India gas pipeline Subscription

19 October 2014

The 1,300km deepwater pipeline is due for completion in 2020

Petrochemicals

Liwa Plastics Subscription

19 October 2014

The project will give Oman the ability to produce polyethylene

Muscat airport traffic

Muscat and Salalah airports Subscription

19 October 2014

Oman is expanding its aviation capacity in order to boost tourism

Filter Oman analysis by sector

MEED comment

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

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

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

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

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

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

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

Projects trends

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

Gulf projects index

Market eases for Eid break Subscription

9 October 2014

Oman is only projects market to record significant movement

Gulf projects index

UAE drives Gulf index growth Subscription

2 October 2014

Kuwait records biggest decline of 9 per cent in value of projects market

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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