The Oman Construction Cost and Outlook report reviews the change in global commodity prices over the last decade and the main econometrics that have a strong correlation to changes in historical costs for each of the GCC countries.
Published by MEED Cost Indices (MCI), the data used to develop this forecast has been exclusively sourced from more than 200 regional construction projects from a wide range of organizations.
Along with detailed analysis of Oman construction costs, this report offers you detailed insight into:
- The costs of main construction materials, equipment, labour and fuel
- Projected demand for cement
- Projected demand for rebar in Qatar
- The updated Tender Price Index forecast for Oman, KSA, Qatar, UAE, Bahrain and Kuwait
“Oman was probably the only country in the Gulf Cooperating Council who did not dive into the real estate frenzy during 2004 to2008. Oman had a much more stable approach in taking on new projects. With project awards never exceeding USD 10 billion the capital required to fund projects year on year was never a burden for the government.” says Emil Rademeyer, General Manager, MEED Cost Indices.
This latest report from MCI forecasts construction costs in Oman and focuses on costs for the infrastructure and real estate sectors spread across the following sub-sectors: power, transport, social infrastructure, residential, commercial, education, leisure and entertainment, and retail.
The report explains in detail how and why the index has been created, explains the need for such a tool, analyses the factors that have influenced the price movements over the past decade and looks ahead to how these may affect the index in the future. In addition it offers you in depth insight into the supply and demand of cement, rebar, concrete and labour in Oman. With Oman cement companies’ ability to maintain gross margins above 30 per cent since 2009 it could be argued that the increased cost of cement production could be absorbed by the cement producers.
The Oman Construction Cost and Outlook report also gives you an updated Tender Price Index forecast for Oman, KSA, Qatar, UAE, Bahrain and Kuwait.
To access exclusive data, research and analysis along with many tables, graphs and charts, you can order your copy here.
To find out more about this report, please contact us today.
Telephone: +971 (0) 4 367 1302
About MEED Cost Indices:
MCI is the Middle East’s first Tender Price Index – a premium subscription-only construction index. It will offer you means of identifying and managing escalation related risk in the construction sector. This valuable risk assessment tool covers the UAE, Qatar and Saudi Arabia.
MEED Cost Indices can help you to:
- Track the actual construction cost for building projects in the UAE, Qatar and Saudi Arabia
- Track actual component costs such as concrete, reinforcing steel and other items
- Forecast into five years of construction costs in the UAE, Qatar and Saudi Arabia
- Calculate your projects’ escalation
- Provide location cost comparison factors for multiple cities
- Forecast industry spend across the GCC which affect pricing
- Build customised indices relevant to their project
Premium Market Intelligence reports
MEED Cost Indices can also help you to minimise your financial risk on projects through a series of new construction cost reports covering the UAE, Qatar and Saudi Arabia. These reports will provide you with exclusive research, data and analysis.
Our current off-the-shelf reports include:
- UAE Construction Cost Report 2012
- Qatar Construction Cost and Outlook Report 2012
- Saudi Arabia Construction Cost and Outlook Report 2012
- Oman Construction Cost and Outlook Report 2012
To find out how MEED Cost Indices can help you gain critical business insight, please submit your details on our contact form below:
- Email: email@example.com
- Telephone: +971 (0) 4 367 1302