The value of transport projects completed in Oman rose to its highest level in at least a decade as several key packages of the Muscat and Salalah International airport expansion project were commissioned in 2018.
The total value of transport projects completed in Oman during the year came to $6.9bn, more than double the figure for 2017.
Three of the top 10 biggest projects completed in Oman during 2018 were part of the Muscat and Salalah International airport expansion project.
Together they had a combined budget of $3.8bn, accounting for more than half of the value of all transport projects in the country.
|The 10 biggest projects completed in Oman in 2017-18|
|Project||Project sponsor||Sector||Value ($m)|
|Sohar refinery expansion project||Oman Refineries & Petrochemicals Company||Oil||2,700|
|Muscat & Salalah International airport expansion: passenger terminal (MC3)||Oman Airports Management Company||Transport||2,000|
|Muscat & Salalah International airport expansion: MC1||Oman Airports Management Company||Transport||1,300|
|Salalah independent power project (IPP) 2||Dhofar Generating Company||Power||700|
|Muscat & Salalah airports: cargo terminals & MRO hangars (MC-12)||Oman Airports Management Company||Transport||540|
|Barka 4 Independent water project (IWP)||Barka Desalination Company||Water||500|
|Batinah expressway: section 2||Ministry of Transport & Communication||Transport||420|
|Al-Duqm airport||Ministry of Transport & Communication||Transport||400|
|Adam airport: airbase||Oman Ministry of Defence||Transport||370|
|Batinah expressway: section 4||Ministry of Transport & Communication||Transport||352|
|Source: MEED Projects|
Despite the value of transport projects completed soaring in 2018, the value of projects completed across all sectors declined by 22 per cent compared to the prior year - falling to $11.4bn.
Sectors that saw significant declines in the value of projects completed were oil, construction and power.
The biggest project completed in Oman over the 2017-18 period was the Sohar refinery expansion project, which had a budget of $2.7bn.
It was finished in September 2017 and was executed by Oman Refineries & Petrochemicals Company.
The project boosted the refinery’s production capacity to 198,000 barrels a day (b/d) from 82,000 b/d.
The MEED Projects Awards 2019 in association with Mashreq recognise the best projects in the GCC. Reflecting the latest market trends, this year’s awards feature 17 different categories for entries. If you have been involved in a project completed in 2017 or 2018 that you believe deserves to be recognised, you can submit your entry at: MEED Projects Awards 2019.
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