Construction Reports

Oman Construction Market - Feb 2019

Title: Oman Construction Market - Feb 2019
Published on: 19-02-2019 Price: $0.00
Excerpt:

Oman construction market will register robust growth in 2019 due to its 9th development plan, economic diversification, Vision 2040, and public private partnerships.

Oman’s 2019 state budget focuses on economic diversification and managing expenditure to ensure the deficit is maintained within sustainable levels. The government remains cautious in its outlook due to volatility in oil prices, which is the main revenue source. Oman’s construction market is expected to be active in the coming years. Despite stringent expenditures, the government is prioritising the development of tourism, education, healthcare, transport infrastructure, energy facilities, and housing.

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