By continuing to use the site you agree to our Privacy & Cookies policy

Oman

Profile

Oman_map_527x286px Oman+flag Sultan+Qaboos+bin+Said
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

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

Rigs operating in the Middle East and North Africa, June 2014

Middle East rig count on the rise Subscription

31 July 2014 | By

The region is now the world’s second-biggest market for operating oil rigs

Desalination plant

The race to boost water supplies Subscription

17 July 2014 | By

The GCC faces a huge challenge in building enough desalination capacity to meet water demand, with Oman and Riyadh already having experienced shortages

Oman trade

Gas shortage delays schemes in Oman Subscription

1 July 2014

With its industrial ambitions at stake, Muscat is weighing up gas supply options

Oman gas supply by company

Gas projects find momentum in Oman Subscription

26 June 2014 | By

In a bid to meeting rising domestic demand for energy, a series of gas projects are moving ahead in Oman including one of the world’s first greenfield tight gas schemes

Hydrocarbons: Oman’s energy sector is expected to stabilise or even decline slightly

Non-oil sector sets the pace for Oman's economy Subscription

22 June 2014 | By

Oman’s economy is performing well due to increased government spending, but the sultanate is often overshadowed by its more dynamic Gulf neighbours

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

Gas

The Khazzan tight gas test Subscription

13 February 2014 | By

The region’s producers will be keeping a close eye on the progress of Oman’s new unconventional gas scheme for potential of its model working elsewhere

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 Sohar Steel Complex Expansion: Phase 3 Industrial 560
8 Muscat & Salalah Airports: Cargo Terminals & MRO Hangars (MC-12) Transport 518
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 2014 Top 100 Projects report
Source: MEED Projects; Data compiled: April 2014; All projects in execution

Project awards

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

Petrochemical plant

Oman awards five technology licences on Liwa Plastics Subscription

16 July 2014 | By

Petrochemicals deals worth $80m handed to Randall, Axens, CB&I, LyondellBasell and Univation

Airport

Larsen & Toubro secures Oman airport work Subscription

7 July 2014 | By

Contract involves building terminal buildings at Duqm airport

Projects trends

Gulf Projects Index

Gulf Index sees its worst week in nearly two years Subscription

27 August 2014 | By

All markets declined apart from those of Qatar and Saudi Arabia

Gulf Projects Index

UAE and Qatar support index growth Subscription

21 August 2014

Along with Iran, the UAE and Qatar see the most activity in the Gulf Projects Index

Gulf projects index

Iraq’s project market continues to slide as US steps up intervention Subscription

14 August 2014

The contraction in Iraq’s projects market weighed on the regional index for the Gulf as a whole

More Gulf Projets Index

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

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

More sector and country newsletters

Subscribe to MEED to receive your choice of premium newsletters

Find out more

MEED events

Oman Projects 2014

Oman Projects Forum 2014

Reviewing Oman’s Project Market and upcoming Opportunities

More MEED events

-->