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Oman presents a well-balanced construction landscape totaling $6.2 billion, with power & water infrastructure leading at $2.1 billion as the sultanate invests in renewable energy and water security. Industrial projects ($1.6 billion) signal economic diversification efforts, while oil & gas ($1 billion), infrastructure ($899 million), and buildings ($643 million) demonstrate investment across multiple sectors, a strategic approach for sustainable economic development.
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Oman's construction market is anticipated to experience a consistent expansion within the upcoming four quarters, with an estimated construction output of US$ 8.72 billion projected to be achieved by 2026.
There are over $208 Billion worth of active construction projects in Oman. This market growth is primarily driven by the nation's robust economic diversification initiatives, aimed at expanding and diversifying the economy, unlocking its growth potential, and enhancing competitiveness.
These goals are being pursued through increased government expenditure in critical non-oil industries, as well as by stimulating private investments.
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