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Oman Infrastructure Report Q4
2012

  • Product Code:BMI06937
  • Publication Date:September 2012
  • Publisher:Business Monitor
  • Product Type: Report
  • Pages:61
  • ISBN:1752-7856
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Oman Infrastructure Report Q4 2012

BMI View: Despite continuing political unrest in the wider Middle East region, the outlook for Oman's construction sector for the remainder of 2012 and going into 2013 is broadly positive and, we are forecasting industry growth of 6.8% and 6.9% in 2012 and 2013, respectively. This growth outlook is underpinned by the government's five-year (2011-2015) US$78bn spending plan, investment associated with a burgeoning tourism industry and solid economic growth. That said, while we anticipate robust construction sector growth through to 2016, we note mounting risks to the outlook beyond 2013, as declining oil revenues threaten to undermine the government's ambitious infrastructure spending plans. Key developments in the sector:

  • The tender for the development of a new national railway network within the sultanate of Oman has been delayed until October 5 2012, reports Zawya. A total of five international consortia are interested in the project to build a 1,000km network between Buraimi and Khatmat Malah in the north, and Duqm and Salalah in the south. The OMR5bn (US$13.02bn) project will take four years to complete. The Oman Ministry of Transport and Communication has extended the deadline of the tender in order to complete a full and comprehensive feasibility study.
  • The Omani government announced plans to invest OMR314.9mn (US$817.9mn) in road infrastructure projects during 2012. OMR60mn (US$155.8mn) will go towards the OMR250mn

(US$649mn) Sur-Bidbid dual carriageway, OMR62.5mn (US$162.3mn) towards the OMR62.5mn (US$162.3mn) Al Batinah Expressway and OMR10mn (US$25.9mn) towards the OMR40m (US$103.8mn) Mahdha-Al Rawda dual carriageway. The government has also announced that 681 infrastructure development projects, worth a total of OMR1.5bn (US$3.9bn), will begin during 2012.

  • Oman's two main cement producers, Raysut Cement and Oman Cement Company (OCC), have seen a discernible improvement in their fortunes since the start of 2012. Growing momentum within the country's construction sector has seen cement sales rise, while a significant reduction in cheap imported cement from neighbouring countries, namely UAE, has eased margin pressures. These factors combined have seen confidence in the sector steadily improve, with both companies reporting positive Q112 earnings figures.
  • The Omani Public Authority for Electricity and Water (PAEW) announced that it has allocated OMR390mn (US$1.01bn) for electricity and water infrastructure development in 2012, reports ameinfo.com. The PAEW is undertaking the construction of four power plants in different governorates and is also considering building further new facilities in both Duqm and Salalah. A 450MW power and desalination power plant was due to open in Salalah in April 2012. Oman Infrastructure Report Q4 2012
© Business Monitor International Ltd Page 6 While our country risk analysts are relatively sanguine on the outlook for Omani public finances in 2012, they stress that the outlook from 2013 and beyond is decidedly less bright. We anticipate the country's budget dynamics gradually deteriorating and flipping into deficit by 2016. On the revenue front, net oil receipts are set to hit an all-time high in 2012, but begin steadily decreasing from that point onwards. With oil production and exports set to continue decreasing over the coming years, the weakening in hydrocarbon revenues is a structural problem that will soon expose significant weaknesses in the country's underlying budget dynamics. This deteriorating fiscal position may pose a threat to the government's ambitious capital expenditure plans over the coming years and, by extension, poses downside risks to our medium- to long-term forecasts.
  • BMI Industry View
  • SWOT Analysis
  • Oman Infrastructure Industry SWOT
  • Competitive Landscape
    • Table: EQS Data
  • Building Materials
  • Global
  • Middle East
  • Cement Forecasts
    • Table: Oman Cement Production and Consumption Data, 2009 - 2016
    • Table: Oman Cement Production and Consumption Long-Term Forecasts, 2014 - 2021
  • Industry Forecast Scenario
    • Table: Oman Construction And Infrastructure Industry Data, 2009 - 2016
    • Table: Oman Construction And Infrastructure Long-Term Forecast, 2014 -2021
  • Construction and Infrastructure Forecast Scenario
  • Transport Infrastructure
  • Outlook and Overview
  • Major Projects Table - Transport
    • Table: Major Projects - Transport
  • Energy and Utilities Infrastructure
  • Outlook and Overview
  • Major Projects Table - Energy and Utilities
    • Table: major Projects - Energy and Utilities
  • Residential/Non-Residential Construction and Social Infrastructure
  • Outlook and Overview
  • Major Projects Table - Residential/Non-Residential Construction and Social Infrastructure
    • Table: Major Projects - Residential/Non-Residential Construction and Social Infrastructure
  • Risk/Reward Ratings
  • Oman's Risk/Reward Ratings
  • Rewards
  • Risks
  • Regional Overview
    • Table: Regional Infrastructure Risk/Reward Ratings
  • Company Monitor
  • Galfar Engineering And Contracting
  • Global Overview
    • Table: BMI Infrastructure Index - YTD Top Performers (%)
    • Table: BMI Infrastructure Index - YTD Worst Performers (%)
  • Methodology
  • Industry Forecasts
  • Construction Industry
  • Data Methodology
  • New Infrastructure Data Sub-sectors
  • Oman Infrastructure Report Q4
  • © Business Monitor International Ltd Page
  • Construction
  • Capital Investment
  • Construction Sector Employment
  • Infrastructure Risk/Reward Ratings
    • Table: Infrastructure Business Environment Indicators
  • Project Finance Ratings
    • Table: Design And Construction Phase
    • Table: Commissioning And Operating Phase - Commercial Construction
    • Table: Commissioning And Operating Phase - Energy And Utilities
    • Table: Commissioning And Operating Phase - Transport
  • Sources
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