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Home GCC Oman Boom in transport projects bolsters activity in Oman

Boom in transport projects bolsters activity in Oman

04 February 2019 4:23 PM By

Muscat International airport (new)

With the closing date for entries to the MEED Projects Awards 2019 in association with Mashreq nearly upon us, this is a great time to look at the trends suggested by this year’s awards

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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