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MEED Insights: Oman Projects Market 2018 - In-depth analysis and outlook of the project opportunities and planned investments

Published By :

GlobalData

Published Date : Jan 2018

Category :

Construction

No. of Pages : 145 Pages

MEED Insights: Oman Projects Market 2018 - In-depth analysis and outlook of the project opportunities and planned investments

Summary

Oman is embarked on an investment drive that is creating a diversified, private-sector driven economy, and establishing the country as a major tourism destination and a strategic logistic hub for the region.

Omans transformation offers substantial project opportunities for investors, contractors and consultants in the construction, oil & gas, power, water, wastewater and transport & logistics sectors.

It is also creating exciting private sector investment opportunities in the tourism, healthcare, utilities and education sectors as it seeks to transfer the delivery of its public service to private sector operators.

Spending levels could remain relatively high as Oman has over $126bn worth of total pipeline of un-awarded projects.

Packed full of expert insight on the opportunities and challenges, the report provides exclusive forecast for project spending across all core sectors.

Although Oman has long been a stable projects market, the next few years could see the market grow substantially as it seeks to diversify its economy further.

Written by MEED, the Middle East market experts within the GlobalData Group, this report is a must-have resource for any company interested in accessing this growing and increasingly diverse market. Save time and investment on research and analysis. Gather exclusive data on the Oman projects market through this in-depth examination.

Reasons to buy

- Breakdown and analysis of upcoming project opportunities in Oman
- Key data on current and future size of each sector
- Proprietary client and contractor rankings
- Details on upcoming projects and schedules
- Key opportunities, challenges and much more.
Table of Contents
1. Executivesummary 9
2. Government 11
2.1 Political unrest 12
2.2 Anti-corruption campaign 12
2.3 Succession 14
2.4 Policy 15
3. Economy 18
3.1 Overview 18
3.2 Economicgrowth 20
3.3 Inflation 20
3.4 Governmentspending 20
3.5 Budget 21
3.6 Publicdebt 22
3.7 Sovereignrating 22
3.8 Foreign direct investment 22
3.9 Reserves 23
3.10 Trade 23
3.11 Economicdiversification 24
The ninth five-year development plan 24
Vision 2020 24
Priority projects 25
3.12 Outlook 26
4. Projects market 27
4.1 Public vs. Private 30
4.2 Cancelled and On hold projects 31
4.3 Main contractors 32
4.4 Main clients 33
4.5 Futureprojects 34
4.6 Forecast 35
5. Energy 37
5.1 Structure 39
5.2 Upstreamoil 41
5.3 Gas 47
Oman Gas Companyprojects 50
The Khazzan project 50
5.4 Refining 53
Sohar refinery expansion 55
Duqm refinery and petrochemical complex 55
Duqm refinery 56
5.5 Petrochemicals 56
Liwa Plastics 59
Other Sohar projects 59
Salalah projects 60
Duqm projects 60
6.6 Projects market 61
5.6 Contractors 63
6. Construction 65
6.1 Overview 65
6.2 Contractawards 66
6.3 Projects bystatus 67
Projects underexecution 67
Projects on hold 68
Projects out to tender 68
Future projects 69
6.4 Projects under way by sector 70
6.5 Projects under way by governorate 71
6.6 Tourism 72
Omran 74
6.7 Education 76
6.8 Healthcare 77
7. Transport 79
7.1 Airports 79
7.2 Ports 83
7.3 Rail 86
Mainline 86
7.4 Roads 90
8. Industry 94
8.1 Economic diversification 94
8.2 Steel 96
8.3 Downstreamsteel 98
8.4 Iron orepelletising 98
8.5 Aluminium 99
8.6 Downstream aluminium 99
8.7 Chromite andferrochrome 100
8.8 Cement 101
8.9 Mining 102
8.10 Futurespending 103
9. Power andwater 104
9.1 Power 104
Power sector structure 104
Demand and supply 105
9.2 Main interconnected system(MIS) 106
Imports and Exports 108
9.3 OPWP contractedcapacity 108
9.4 Dhofar PowerSystem 110
Contractedcapacity 111
Imports 112
Decommissioning & contract extensions 112
9.5 Duqm 113
9.6 Musandam 113
9.7 Private sector 114
9.8 Fuel and alternativeenergy 116
9.9 Transmission anddistribution 119
9.10 Desalination 121
Demand 123
Sharqirah zone 125
Dhofar Water Network 126
Duqm 127
Musandam 127
10. Renewables 129
10.1 Regulatoryframework 130
10.2 Solarpower 132
10.3 Wind power 135
11. Wastewater 136
11.1 Muscat 137
11.2 Salalah 140
11.3 The rest ofOman 142

List of Tables
Table 1: Council of Ministers 14
Table 2: Economic indicators, 2010-16 20
Table 3: 2017 budget 21
Table 4: 2017 budget: Expenditure of civil ministries 22
Table 5: Top merchandise trade partners, 2016 23
Table 6: Top 10 contracts awarded, 2012-17 30
Table 7: Largest projects cancelled or put on hold, awarded in 2012-17 31
Table 8: Top 10 contractors by value of work under execution 33
Table 9: Top 10 clients by value of work under execution 33
Table 10: Top ten projects due to be awarded in 2018 36
Table 11: Output by producer, 2013-15 (million b/y) 44
Table 12: Recent oil sector awards 45
Table 13: Planned and un-awarded oil projects 45
Table 14: Oil and gas blocks 46
Table 15: Major recent gas project awards 50
Table 16: Planned and un-awarded gas projects 53
Table 17: Petrochemicals projects planned or underway 61
Table 18: Construction projects out to tender 69
Table 19: Major construction projects under study or design 70
Table 20: Tourism-related projects planned or underway 73
Table 21: Major education projects planned or under way 76
Table 22: Major healthcare projects planned or under way 78
Table 23: Airport projects planned and underway 82
Table 24: Port projects planned or underway 85
Table 25: Oman rail network key facts 87
Table 26: Oman National Rail projects 89
Table 27: Major road projects underway 92
Table 28: Major road projects planned 93
Table 29: Industrial & mineral production 95
Table 30: Iron and steel projects planned and awarded 97
Table 31: Metals, minerals and cement projects 100
Table 32: Selected metals and minerals production (t/y), 2010-14 102
Table 33: Contracted operational power capacity in the MIS 109
Table 34: MIS contracted plant capacity by plant, 2017-23 (MW) 109
Table 35: Power generation resources in the MIS, 2017-23 (MW) 109
Table 36: Contracted capacity in Dhofar Power System, 2017-23 (MW) 111
Table 37: Prospective capacity and contingency reserves 112
Table 38: Prospective contract extensions (net MW) 113
Table 39: IPPs and IWPPs in Oman 115
Table 40: Future IPPs 116
Table 41: Transmission & distribution projects, planned or underway 121
Table 42: Large desalination plants in operation 123
Table 43: Desalination capacity in the Interconnected zone, 2017-23 ('000 cm/d) 125
Table 44: Major planned desalination projects 128
Table 45: Renewable energy projects 130
Table 46: Haya Water - Wastewater projects planned or underway 137
Table 47: Salalah wastewater projects planned or underway 141
Table 48: Ministry of Regional Municipalities & Water Resources - recent wastewater projects 143

List of Figures
Figure 1: Oil and gas production, 2000-2016 18
Figure 2: GDP by sector (%) 19
Figure 3: Project awards by GCC country, 2012-17 ($m) 27
Figure 4: Contract awards by sector and year, 2012-17 ($m) 28
Figure 5: Contract awards by sector, total for 2012-17 ($m, %) 29
Figure 6: Public and private sector awards, by industry, 2012-17 ($m) 31
Figure 7: Cancelled / On hold projects 2012-17, by sector (% of total by value) 32
Figure 8: Major clients by value of work planned ($m) 34
Figure 9: Value of yet-to-be awarded projects by sector ($m) 35
Figure 10: Oil and gas blocks 42
Figure 11: Oman oil production (000 b/d) 44
Figure 12: Oman gas production (bcm) 48
Figure 13: Khazzan gas reserves 51
Figure 14: Gas supply outlook, 2009-25 52
Figure 15: Orpic refineries production 54
Figure 16: Oil & gas contract awards by year ($m) 62
Figure 17: Energy contract awards, 2010-15 ($m) 63
Figure 18: Construction contract awards by year, 2010-17 ($m) 67
Figure 19: Construction projects by status (% of total value) 68
Figure 20: Construction projects underway by sub-sector (% of total by value) 71
Figure 21: Construction projects underway by governorate (% of total by value) 72
Figure 22: Airport developments 80
Figure 23: Planned rail network 86
Figure 24: Oman planned rail network, Segment One 88
Figure 25: Industrial contract awards ($m/yr), 2011-17 103
Figure 26: The MIS and Salalah systems 105
Figure 27: Actual and projected peak power demand (MW) 106
Figure 28: Peak and average power demand in MIS, 2016-23 (MW) 108
Figure 29: Dhofar Power System - forecast of future demand, 2016-23 (MW) 111
Figure 30: Projected gas consumption for MIS (million cubic metres/day) 118
Figure 31: Projected gas consumption for Dhofar system (million cubic metres/day) 118
Figure 32: Transmission & distribution contract awards, by year ($m) 120
Figure 33: Peak water demand, 2016-22 (000 cm/d) 123
Figure 34: Global solar radiation average, 1987-92 (kWh/m2/d) 133
Figure 35: Annual direct normal irradiance map of Oman 134

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