DUBLIN--(BUSINESS WIRE)--Research and Markets(http://www.researchandmarkets.com/research/88bf37/oman_infrastructur) has announced the addition of the "Oman Infrastructure Report Q1 2012" report to their offering.
An upward trend in Oman's construction sector is expected to continue in 2012, despite unrest on the political front. Construction industry value is expected to reach US$3.7bn over the course of 2012, based on year-on-year growth of 5.4%. This is expected to rise to US$5.5bn by 2016. The energy and utilities sector remains the main driving force for development, as the country seeks to support demand.
Key highlights include
- The Omani government announced plans in October 2011 to construct a gas-fired power plant in Salalah city, according to the CEO of Oman Power and Water Procurement (OPWP), Bob Whitelaw.
- The tender for the project management consultancy contract for Oman's National Railway network launched in Q4 2011. The contract was delayed due to the closure of the National Economy Ministry. Bids will see 10 pre-qualified companies competing. The consultant will be responsible for procurement, planning and engineering, over a seven-year contract period.
- 15 companies have been confirmed as bidders for the contract to build the Batinah Expressway project. The bidding process was launched on October 5 2011. Companies confirmed as bidders include Oman-based construction companies Strabag Oman and Larsen & Toubro Oman, and Turkish construction companies Makyol Gulf and Sezai Turkes-Feyzi Akkaya.
- Oman's economy will expand at a relatively robust rate over 2011 and 2012. Although growth in H211 is unlikely to match the rate achieved in the first half of the year, heavy government expenditure and the elevated price of oil will continue to stimulate GDP growth in the medium-term. We forecast real GDP growth of 4.5% in 2011 and 3.4% in 2012.
Companies Mentioned:
- Galfar Engineering And Contracting
For more information visit http://www.researchandmarkets.com/research/88bf37/oman_infrastructur