Oman Projects, H1 2022 – Outlook of Major Projects in Oman – MEED Insights

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Published: March 01, 2022 Report Code: GDMD049CON-ST

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Oman Projects Market Report Overview

Oman has $199.2 billion worth of projects planned or underway currently, making it the eighth largest in the MENA region. The performance of future projects will hinge more than ever on foreign investment in its major industrial hubs in Sohar, Duqm, and Salalah. Chinese investment in particular will be key as part of its Belt and Road Initiative to benefit from Oman’s position on the main East-West shipping axis.

The Oman projects market research report offers a comprehensive analysis of the projects from various sectors. The report also covers the insights on estimates pertaining to the revenue and expenditure incurred on various projects underway or in the pipeline in Oman updated to H1 2022. The Oman projects market outlook report covers key clients for the projects and prominent sponsors along with the sector-by-sector breakdown of future project plans and key drivers influencing these sectors.

Oman Projects Market Segmentation by Sectors

The key sectors in the Oman projects market are oil and gas, construction, transport, power, industrial, and water. The largest current sector in terms of work under execution is oil and gas.

 Oman Projects Market Analysis, by Sectors

Oman Projects Market Analysis, by Sectors For more insights on sectors in the Oman projects market analysis, download a free sample report

Oman Projects Market – Key Clients

Some of the key clients in the Oman projects market are Duqm Development Company SAOG, Omran, OQ8, Duqm Special Economic Zone Authority, Petroleum Development Oman, Oman Tank Terminal Company, Oman Global Logistics Group, The Public Authority for Water, OQ, Haya Water, Royal Oman Police, and Al Mouj Muscat among others. Duqm Development Company SAOG is the largest client by the value of work under execution.

Oman Projects Market Analysis, by Clients

Oman Projects Market Analysis, by ClientsFor more insights on clients in the Oman projects market analysis, download a free sample report

Oman Projects Market - Key Contractors

Some of the key contractors in the Oman projects market are Petrofac, Beijing Petrochemical Engineering Co. Ltd, Galfar Engineering & Contracting, Tecnicas Reunidas, Daewoo E&C, Al Tasnim Enterprises, Samsung Engineering, Larsen & Toubro, Al Adrak Trading & Contracting Company, Sarooj Construction Co., and Saipem among others. The UAE-based Petrofac is ranked first in terms of contracts in hand, closely followed by China-based Beijing Petrochemical Engineering Co. Ltd.

Oman Projects Market Analysis, by Contractors

Oman Projects Market Analysis, by ContractorsFor more insights on contractors in the Oman projects market analysis, download a free sample report

Oman Projects Market - Key Projects

Some of the largest projects under construction in Oman are Northern and Central Industrial Zone, Duqm Refinery: Process Unit (EPC 1), Duqm Refinery: Offsite & Utilities (EPC 2), Refinery in Duqm Special Economic Zone, Duqm Refinery, Ras Markaz Crude Oil Park, Al Hajer Waste Water, New Hospital at Airport Heights, and Luban Ammonia Plant Project among others. The Northern and Central Industrial Zone has the highest budget with expected completion in 2028.

Oman Projects Market Analysis, by Projects

Oman Projects Market Analysis, by ProjectsFor more insights on projects in the Oman projects market analysis, download a free sample report

Oman Projects Market Report Outlook

Projects Market Worth $199.2 billion
Key Sectors Oil and Gas, Construction, Transport, Power, Industrial, Gas, and Water
Key Clients Duqm Development Company SAOG, Omran, OQ8, Duqm Special Economic Zone Authority, Petroleum Development Oman, Oman Tank Terminal Company, Oman Global Logistics Group, The Public Authority for Water, OQ, Haya Water, Royal Oman Police, and Al Mouj Muscat
Key Contractors Petrofac, Beijing Petrochemical Engineering Co. Ltd, Galfar Engineering & Contracting, Tecnicas Reunidas, Daewoo E&C, Al Tasnim Enterprises, Samsung Engineering, Larsen & Toubro, Al Adrak Trading & Contracting Company, Sarooj Construction Co., and Saipem
Key Projects Northern and Central Industrial Zone, Duqm Refinery: Process Unit (EPC 1), Duqm Refinery: Offsite & Utilities (EPC 2), Refinery in Duqm Special Economic Zone, Duqm Refinery, Ras Markaz Crude Oil Park, Al Hajer Waste Water, New Hospital at Airport Heights, and Luban Ammonia Plant Project

Scope

NA

Reasons to Buy

  • Opportunities and challenges in Oman’s projects market

  • Analysis of the pipeline of planned projects and contract awards

  • Key policies and drivers shaping the outlook for projects in Oman

  • Political and economic background

  • The barriers and challenges that may arise

  • Sector-by-sector breakdown of future project plans

  • Key drivers of projects in each sector

  • Oman’s most valuable key projects and major project sponsors

Table of Contents

Table of Contents

Executive Summary

Oman Country Overview

Oman Projects Market

Oil and Gas

Construction

Transport

Industrial

Power and Water

Table

List of Tables

Table 1 Top Projects

Table 2 Biggest planned and un-awarded projects in Oman

Table 3 Top Oil and Gas Sector Projects

Table 4 Biggest planned and un-awarded Oil and Gas projects in Oman Due in Bidding Stage

Table 5 Biggest planned and un-awarded Oil and Gas projects in Oman at Design, FEED or Study Stage

Table 6 Top Construction Sector Projects

Table 7 Biggest planned and un-awarded Construction projects in Oman Due in Bidding Stage

Table 8 Biggest planned and un-awarded Construction projects in Oman at Design, FEED or Study Stage

Table 9 Top Transport Sector Projects

Table 10 Biggest planned and un-awarded Transport projects in Oman Due in Bidding Stage

Table 11 Biggest planned and un-awarded Transport projects in Oman at Design, FEED or Study Stage

Table 12 Top Industrial Sector Projects

Table 13 Biggest planned and un-awarded Industrial projects in Oman Due in Bidding Stage

Table 14 Biggest planned and un-awarded Industrial projects in Oman at Design, FEED or Study Stage

Table 15 Top Power and Water Sector Projects

Table 16 Biggest planned and un-awarded Power and Water projects in Oman Due in Bidding Stage

Table 17 Biggest planned and un-awarded Power and Water projects in Oman at Design, FEED or Study Stage

Figures

List of Figures

Figure 1 Oman country map

Figure 2 GDP by sector, 2020 (%)

Figure 3 Oman Nominal GDP vs. GDP Growth, 2012-24

Figure 4 Oman budget, 2012-22 (OMR bn)

Figure 5 Gulf Projects Index Value of all projects in Oman ($m)

Figure 6 Projects market by project status ($m)

Figure 7 Projects market by sector ($m)

Figure 8 Value of contract awards by year ($m)

Figure 9 Value of contract awards by year and sector ($m)

Figure 10 Value of contracts awarded in Oman in July to December, 2012-21 ($m)

Figure 11 Number of Contracts Awarded 2012-21

Figure 12 Biggest clients in Oman by value of contracts in execution ($m)

Figure 13 Biggest contractors in Oman by contracts in execution ($m)

Figure 14 Projects planned but un-awarded by status ($m)

Figure 15 Projects planned but un-awarded by sector ($m)

Figure 16 Biggest clients in Oman by value of contracts planned ($m)

Figure 17 Oman contracts award forecast 2022-25 ($m)

Figure 18 Value of Oil and Gas contract awards by year ($m)

Figure 19 Oil and gas projects market by project status ($m)

Figure 20 Oil and gas projects market by subsector (%)

Figure 21 Value of Oil and Gas contract awards by year and subsector ($m)

Figure 22 Biggest Oil and Gas Sector clients in Oman by value of contracts in execution ($m)

Figure 23 Biggest Oil and Gas Sector contractors in Oman by contracts in execution ($m)

Figure 24 Oil and Gas Projects planned but un-awarded by status ($m)

Figure 25 Oil and Gas Sector Projects planned but un-awarded by subsector ($m)

Figure 26 Biggest Oil and Gas Sector Future Clients

Figure 27 Value of Construction contract awards by year ($m)

Figure 28 Construction projects market by project status ($m)

Figure 29 Construction projects market by subsector (%)

Figure 30 Value of Construction contract awards by year and subsector ($m)

Figure 31 Biggest Construction Sector clients in Oman by value of contracts in execution ($m)

Figure 32 Biggest Construction Sector contractors in Oman by contracts in execution ($m)

Figure 33 Construction Projects planned but un-awarded by status ($m)

Figure 34 Construction Sector Projects planned but un-awarded by subsector ($m)

Figure 35 Biggest Construction Sector Future Clients

Figure 36 Value of Transport contract awards by year ($m)

Figure 37 Transport projects market by project status ($m)

Figure 38 Transport projects market by subsector (%)

Figure 39 Value of Transport contract awards by year and subsector ($m)

Figure 40 Biggest Transport Sector clients in Oman by value of contracts in execution ($m)

Figure 41 Biggest Transport Sector contractors in Oman by contracts in execution ($m)

Figure 42 Transport Projects planned but un-awarded by status ($m)

Figure 43 Transport Sector Projects planned but un-awarded by subsector ($m)

Figure 44 Biggest Transport Sector Future Clients

Figure 45 Value of Industrial contract awards by year ($m)

Figure 46 Industrial projects market by project status ($m)

Figure 47 Industrial projects market by subsector (%)

Figure 48 Value of Industrial contract awards by year and subsector ($m)

Figure 49 Biggest Industrial Sector clients in Oman by value of contracts in execution ($m)

Figure 50 Biggest Industrial Sector contractors in Oman by contracts in execution ($m)

Figure 51 Industrial Projects planned but un-awarded by status ($m)

Figure 52 Industrial Sector Projects planned but un-awarded by subsector ($m)

Figure 53 Biggest Industrial Sector Future Clients

Figure 54 Value of Power and Water contract awards by year ($m)

Figure 55 Power and Water projects market by project status ($m)

Figure 56 Power and Water projects market by subsector (%)

Figure 57 Value of Power and Water contract awards by year and subsector ($m)

Figure 58 Biggest Power and Water Sector clients in Oman by value of contracts in execution ($m)

Figure 59 Biggest Power and Water Sector contractors in Oman by contracts in execution ($m)

Figure 60 Power and Water Projects planned but un-awarded by status ($m)

Figure 61 Power and Water Sector Projects planned but un-awarded by subsector ($m)

Figure 62 Biggest Power and Water Sector Future Clients

Frequently asked questions

  • What was the Oman projects market size in 2021?

    The projects market size in Oman was valued at $199.2 billion in 2021.

  • What are the key sectors in the Oman projects market?

    The key sectors in the Oman projects market are oil and gas, construction, transport, power, industrial, gas, and water.

  • Who are the key clients associated with the Oman projects market?

    Some of the key clients associated with the Oman projects market are the Duqm Development Company SAOG, Omran, OQ8, Duqm Special Economic Zone Authority, Petroleum Development Oman, Oman Tank Terminal Company, Oman Global Logistics Group, The Public Authority for Water, OQ, Haya Water, Royal Oman Police, and Al Mouj Muscat among others.

  • Who are the key contractors associated with the Oman projects market?

    Some of the key contractors associated with the Oman projects market are Petrofac, Beijing Petrochemical Engineering Co. Ltd, Galfar Engineering & Contracting, Tecnicas Reunidas, Daewoo E&C, Al Tasnim Enterprises, Samsung Engineering, Larsen & Toubro, Al Adrak Trading & Contracting Company, Sarooj Construction Co., and Saipem among others.

  • Which are the key projects associated with Oman?

    Some of the key projects associated with Oman are Northern and Central Industrial Zone, Duqm Refinery: Process Unit (EPC 1), Duqm Refinery: Offsite & Utilities (EPC 2), Refinery in Duqm Special Economic Zone, Duqm Refinery, Ras Markaz Crude Oil Park, Al Hajer Waste Water, New Hospital at Airport Heights, and Luban Ammonia Plant Project among others.

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