Oman Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2029 (H2 2025)

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Published: December 31, 2025 Report Code: GDCN1775MR-ST

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GlobalData’s Construction in Oman – Country Briefing (H2 2025) report provides detailed market analysis, information, and insights into Oman's construction industry, including:
• Oman's construction industry's growth prospects by market, project type and construction activity
• Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in Oman's construction industry
• Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline.

The construction industry in Oman is estimated to have grown by 3.6% in real terms in 2025, supported by rising foreign direct investment (FDI) in the country’s manufacturing and oil sector. According to the National Center for Statistical Information (NCSI), the total FDI in the country’s manufacturing sector rose by 28.2% year-on-year (YoY) in Q2 2025, preceded by a Y-o-Y growth of 27.5% in Q1 2025 and 39.8% in Q4 2024. Meanwhile FDI in the oil and gas sectors grew by 20.3% YoY in Q2 2025, preceded by a Y-o-Y growth of 24.2% in Q1 2025 and 22.6% Q4 2024. In September 2025, to fast-track approvals and attract investments, the government of Oman signed four cooperation programs with universities, industry groups and a national digital platform and launched an initiative to regulate and modernize its construction sector. Growth will also be driven by rising investments in tourism sector. Among the major developments, the Ministry of Heritage and Tourism signed 36 development contracts in the first nine months of 2025, under its Vision 2040; these contracts are collectively worth OMR100 million ($260.1 million).

GlobalData expects the construction industry in Oman to register an annual average growth of 4.3% from 2026 to 2029, supported by investments in the industrial, renewable energy, water and transportation infrastructure projects, under the Oman Vision 2040. As part of the country’s Oman Vision 2040 program, Oman is aiming to produce 1 million tonnes (Mt) of green hydrogen per annum by 2030, with further production increase to 8.5 Mt per year by 2050. As of early December 2025, Oman was engaged in seven green hydrogen projects aimed at producing one million tons of output each year by 2030, as reported by Oman's national hydrogen agency, Hydrom. Among the major developments, the Indian steel company Jindal Steel is developing an OMR1.2 billion ($3 billion) green steel complex in the Special Economic Zone at the Port of Duqm (SEZAD). With five million tonnes per annum (TPA) of steel production capacity, the new plant is expected to be completed by the end of 2028. Moreover, Oman’s water utility company Nama Water Services’s (NWS) has announced an Integrated Master Plan (IMP) in mid-December 2025, which includes an estimated investment of OMR11.1 billion ($28.9 billion) through to 2050 for the development of water and sewerage infrastructure project in Oman. The forecast period will also be driven by Oman’s target of raising the total renewable energy production in country’s total energy mix from 11.5% in May 2025 to 30% by 2030 and 60% by 2040.

Scope

This report provides a comprehensive analysis of the construction industry in Oman. It provides:

• Historical (2020–2024) and forecast (2025–2029) valuations of the construction industry in Oman, featuring details of key growth drivers.

• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector

• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.

• Listings of major projects, in addition to details of leading contractors and consultants

Reasons to Buy

Identify and evaluate market opportunities using our standardized valuation and forecasting methodologies

Assess market growth potential at a micro-level with over 600 time-series data forecasts

Understand the latest industry and market trends

Formulate and validate business strategies using GlobalData's critical and actionable insight

Assess business risks, including cost, regulatory and competitive pressures

Evaluate competitive risk and success factors

Table of Contents

1 Executive Summary

2 Construction Industry: At-a-Glance

3 Context

3.1 Economic Performance

3.2 Political Environment and Policy

3.3 Demographics

3.4 Risk Profile

4 Construction Outlook

4.1 All Construction

– Outlook

– Latest news and developments

– Construction Projects Momentum Index

4.2 Commercial Construction

– Outlook

– Project analytics

– Latest news and developments

4.3 Industrial Construction

– Outlook

– Project analytics

– Latest news and developments

4.4 Infrastructure Construction

– Outlook

– Project analytics

– Latest news and developments

4.5 Energy and Utilities Construction

– Outlook

– Project analytics

– Latest news and developments

4.6 Institutional Construction

– Outlook

– Project analytics

– Latest news and developments

4.7 Residential Construction

– Outlook

– Project analytics

– Latest news and developments

5 Key Industry Participants

5.1 Contractors

5.2 Consultants

6 Construction Market Data

7 Appendix

7.1 What is this Report About?

7.2 Definitions

7.3 CRI Methodology

About GlobalData

Contact Us

Table

Table 1: Construction Industry Key Data

Table 2: Oman, Key Economic Indicators

Table 3: Oman, Commercial Construction Output by Project Type (Real % Change), 2020–29

Table 4: Oman, Top Commercial Construction Projects by Value

Table 5: Oman, Industrial Construction Output by Project Type (Real % Change), 2020–29

Table 6: Oman, Top Industrial Construction Projects by Value

Table 7: Oman, Infrastructure Construction Output by Project Type (Real % Change), 2020-29

Table 8: Oman, Top Infrastructure Construction Projects by Value

Table 9: Oman, Energy and Utilities Construction Output by Project Type (Real % Change), 2020-29

Table 10: Oman, Top Energy and Utilities Construction Projects by Value

Table 11: Oman, Institutional Construction Output by Project Type (Real % Change), 2020-29

Table 12: Oman, Top Institutional Construction Projects by Value

Table 13: Oman, Residential Construction Output by Project Type (Real % Change), 2020-29

Table 14: Oman, Top Residential Construction Projects by Value

Table 15: Oman, Key Contractors

Table 16: Oman, Key Consultants

Table 17: Oman, Construction Output Value (Real, $ Million)

Table 18: Oman, Construction Output Value (Nominal, OMR Million)

Table 19: GlobalData Construction Market Definitions

Table 20: Risk Dimensions

Table 21: Ratings, Scores and Definitions

Figures

Figure 1: Middle East and North Africa, Construction Output (Real % Change), 2023–29

Figure 2: Oman, Construction Output by Sector (Real % Change), 2023–25 and 2026–29

Figure 3: Oman, Risk Summary

Figure 4: Oman, Risk Regional Comparison

Figure 5: Oman, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2020–29

Figure 6: Oman, Construction Output Value, by Sector (Real, $ Million), 2020–29

Figure 7: Oman, Construction Value Add, Constant Prices (in OMR million)

Figure 8: Oman, Credit Issued for Construction Industry (OMR Billion), % Share of Total Loan

Figure 9: Oman, Total Foreign Direct Investment, Investment Volume (OMR Million)

Figure 10: Oman, Construction Projects Momentum Index

Figure 11: Middle East and North Africa, Construction Projects Momentum Index

Figure 12: Oman, Commercial Construction Output by Project Type (Real, $ Million), 2020–29

Figure 13: Oman, Commercial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 14: Oman, Wholesale and Retail Trade Value Add, Constant Prices (OMR Million)

Figure 15: Oman, Accommodation and food services Value Add, Constant Prices

Figure 16: Oman, Credit Issued for Wholesale and Retail Trade Sector (OMR Billion), % Share of Total Loan

Figure 17: Oman, Industrial Construction Output by Project Type (Real, $ Million), 2020–29

Figure 18: Oman, Industrial Construction Projects Pipeline, Value by Stage ($ Million)

Figure 19: Oman, Manufacturing Value Add, Constant Prices (OMR million)

Figure 20: Oman, Mining and Quarrying Value Add, Constant Prices (OMR Million)

Figure 21: Oman, Credit Issued to the Manufacturing and Mining and Quarrying Sectors (OMR Billion)

Figure 22: Oman, Total Foreign Direct Investment, Investment Volume (OMR Million)

Figure 23: Oman, Infrastructure Construction Output by Project Type (Real, $ Million), 2020-29

Figure 24: Oman, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)

Figure 25: Oman, Transport & Storage Value Add, Constant Prices (OMR million)

Figure 26: Oman, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2020-29

Figure 27: Oman, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)

Figure 28: Oman, Electricity & Water Supply; Sewerage, Waste Management and Remediation Value Add, Constant Prices (OMR million)

Figure 29: Oman, Total Foreign Direct Investment, Investment Volume (OMR Million)

Figure 30: Oman, Institutional Construction Output by Project Type (Real, $ Million), 2020-29

Figure 31: Oman, Institutional Construction Projects Pipeline, Value by Stage ($ Million)

Figure 32: Oman, Residential Construction Output by Project Type (Real, $ Million), 2020-29

Figure 33: Oman, Residential Construction Projects Pipeline, Value by Stage ($ Million)

Figure 34: Oman, Real Estate Value Add, Constant Prices (OMR million)

Figure 35: Oman, Total Foreign Direct Investment, Investment Volume (OMR Million)

Figure 36: Oman, Headquarters of Key Contractors (% of Total Project Pipeline)

Figure 37: Oman, Headquarters of Key Consultants (% of Total Project Pipeline)

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