DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/dsxgkb/oman_construction) has announced the addition of the "Oman Construction 2013-Rising Potential from Unexpected Quarters" report to their offering.
The Oman Construction Industry is expected to witness almost a doubling in contracts awarded across sectors from an estimated US$ 6,963 in 2013 to US$ 12, 648 million in 2014 on the back of the continued expansionary fiscal policy of the government that is likely to drive investment and growth across sectors in the long run.
Though small in size as compared to other countries of the Gulf Cooperation Council (GCC), the Sultanate of Oman is a predominantly hydrocarbon based economy which enjoys rich surplus on its oil and gas production as it is not a member of the OPEC (Organization of Oil Producing and Exporting Countries), thereby not constrained by its price and output restraints. However, similar to its neighbours, it too is facing a fast depletion of its hydrocarbon resources, that forced it to plan an ambitious diversification program sustained by its high oil surpluses in recent years and a thriving demand from a growing population, inflow of expatriate labor and supported by enactment of laws to encourage foreign investment such as the foreign ownership of properties and move of the state toward privatization across industries.
With the National Vision 2020 also focusing on upgrading infrastructure and projecting Oman as an attractive tourist destination, economic performance is expected to be further boosted by higher tourist arrivals and increased foreign direct investment thereby benefiting all the sectors of the economy and primarily its construction sector.
The Ventures report analyzes the construction industry and its key sectors namely, buildings, oil and gas, power and water, and infrastructure in detail as to their growth and prospects in the current economic scenario and their future up to 2014.
Key Topics Covered:
Chapter 1. Executive Summary
Chapter 2. The Oman Construction Industry Overview
Chapter 3. Oman Building Construction Market
Chapter 4. Oman Oil and Gas Sector Overview
Chapter 5. Oman Power and Water Desalination Sector Overview
Chapter 6. Oman Industrial Construction Sector Overview
Chapter 7. Oman Infrastructure Sector Overview
Chapter 8. Future Outlook for the Oman Construction Industry
For more information visit http://www.researchandmarkets.com/research/dsxgkb/oman_construction
