Oman Transportation Infrastructure Construction Market - Growth, Trends, Covid-19 Impact, and Forecasts (2022-2027)

The market is segmented by Mode of transport (Air, Ports and Inland Waterways, Railways, Roadways). The report offer market size and forecast for Transportation Infrastructure Construction market in value (USD million) for all above segment.

Market Snapshot

Oman Transportation Infrastructure Construction Market - Growth
Study Period: 2018-2027
Base Year: 2021
CAGR: >3 %

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Market Overview

Transportation Infrastructure Construction Market is anticipated to register CAGR of over 3% during the forecast period. 

COVID-19 severely impacted overall construction sector in Oman and transportation infrastructure construction does not have exception for it. Construction activity was slow downed due to difficulty in supply chain and social distancing factor. As Oman is Oil based economy, fall in oil prices during covid period slowdown the economic activity in Oman. This economic slowdown impacted negative growth in Oman Transportation Infrastructure Construction Market in short term. The speedy recovery has been seen in infrastructure construction in 2021.

Rapid urbanization, growing need for large transportation infrastructure capacity for oil transport, aging existing infrastructure are some of the key driving factor for revenue growth of Oman Transportation Infrastructure Construction Market

Scope of the Report

Transportation infrastructure refers to framework that supports transportation system. The Transportation Infrastructure Construction market is segmented by Mode of transport (Air, Ports and Inland Waterways, Railways, Roadways). The report offers market size and forecast for Transportation Infrastructure Construction market in value (USD million) for all above segment.

By Mode of Transport
Air
Railways
Roadways
Ports and Inland Waterways

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Key Market Trends

Growing urban population driving the growth of transportation infrastructure.

Growing transportation infrastructure investment supported by the rapid growth in urban population. As per the World Bank, in 2020 the urban population of Oman reached 4.4 million. In 2010, 75.16% of the population in Oman lived in urban areas. By 2020, the share of the urban population had reached 86.27%. 

As the share of the urban population grows, the growth of transport infrastructure is also required to connect them in the urban areas in Oman. Growing urban population boosting the demand for transportaion infrastucture construction. Existing infrastructures in developed countries must be improved to improve resilience, improve the environment, and reduce maintenance costs.

Government of Oman is making more investment in transportation infrastructure to cater transportaion need of urban population.This is creating lucrative opprtunities in infrastuture segment of country. Hence growing urban population boosting the revenue growth of Oman Transportaion Infrastructure Market.

oman urban population

Sultanate's Economic Diversification Plan (Vision 2040) to provide new growth to the market

Oman’s economy heavily relies on revenue from oil, a shift is required to diversify sources of income by promoting investments in targeted sectors. The government has focused on pursuing this objective by boosting the contribution of the five target sectors in the Ninth Five Year Plan, including logistics, manufacturing, tourism, fisheries, and mining, as well as moving forward with key strategic projects.

The Sultanate of Oman is executing a successful model of economic diversification, notably, the country’s trade liberalization in goods and services. Oman pursued an active plan of development that focuses on diversification, manufacturing, and privatization to diminish the contribution of the oil sector to the GDP to 9%. The tourism and hydrocarbon industries have become the main components of the government’s economic diversification strategy.

In the manufacturing sector, Tanfeedh (Economic Diversification Plan) was slated for new investments by 2020, although this was brought to a standstill by the pandemic later. The key sub-sectors include the petrochemicals, metals, materials, and the food and energy sectors. Oman’s tourism sector is mostly untapped. The Travel and Tourism Competitiveness Index of Oman in 2019 was 58 globally. Although the pandemic heavily impacted the tourism sector in 2020, an increase in infrastructure spending plans may help the sector recover over 2021‑2022.

Within logistics, the Omani government is positioning Duqm as a major industrial and business zone in the region. One of the objectives of the Special Economic Zone Authority in Duqm is to develop the central arid region of the country and create ample space for international and local investors to build world-class projects. This will help achieve promising growth in the Omani economy, and at the same time, strengthen the country's position at the international level.

Oman's investment by sector

Competitive Landscape

The report covers major national and international players operating in Oman transportation infrastructure construction market. The market is fragmented with major player holding the lower market share. The Oman construction market is highly competitive with the presence of major international players. Galfar Engineering and Contracting SAOG, Desert Line Group, STRABAG SE, Bechtel, Khalid Bin Ahmed & Sons LLC are some of the key market player operating in market. The market may present lucrative opportunities for growth during the forecast period, which is expected to further drive market competition.

Recent Development

September 2021 - Oman’s tender board assigned tenders and works of 278 million USD, which majorly includes construction and devaelopment of roadways within country.

March 2021 - The Ministry of Transport of Oman signed two agreements with Galfar Engineering & Contracting SAOG for two key road development projects in the country, amounting to nearly aprox 494 million USD (RO 190 million). The first agreement was signed for adding third and fourth lanes to the Rusayl-Bidbid road and the second one for a series of internal roads that will connect the Batinah Highway.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHTS AND DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Technological Trends in the Market

    3. 4.3 Government Regulations and Initiatives

    4. 4.4 Market Drivers

    5. 4.5 Market Restraints

    6. 4.6 Market Opportunities

    7. 4.7 Value Chain / Supply Chain Analysis

    8. 4.8 Porters 5 Force Analysis

      1. 4.8.1 Threat of New Entrants

      2. 4.8.2 Bargaining Power of Buyers/Consumers

      3. 4.8.3 Bargaining Power of Suppliers

      4. 4.8.4 Threat of Substitute Products

      5. 4.8.5 Intensity of Competitive Rivalry

    9. 4.9 Impact of COVID - 19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Mode of Transport

      1. 5.1.1 Air

      2. 5.1.2 Railways

      3. 5.1.3 Roadways

      4. 5.1.4 Ports and Inland Waterways

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Overview (Market Concentration and Major Players)

    2. 6.2 Company Profiles

      1. 6.2.1 Galfar Engineering and Contracting SAOG

      2. 6.2.2 Desert Line Group

      3. 6.2.3 STRABAG SE

      4. 6.2.4 Bechtel

      5. 6.2.5 Khalid Bin Ahmed & Sons LLC

      6. 6.2.6 Consolidated Contractors Company

      7. 6.2.7 STFA Group

      8. 6.2.8 Hill International

      9. 6.2.9 Doğuş Construction*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Frequently Asked Questions

The Oman Transportation Infrastructure Construction Market market is studied from 2018 - 2027.

The Oman Transportation Infrastructure Construction Market is growing at a CAGR of >3% over the next 5 years.

The Oman Transportation Infrastructure Construction Market is valued at 1400 Million USD in 2018.

The Oman Transportation Infrastructure Construction Market is valued at 1680 Million USD in 2027.

Galfar Engineering and Contracting SAOG , Desert Line Group, STRABAG SE, Khalid Bin Ahmed & Sons LLC, Bechtel are the major companies operating in Oman Transportation Infrastructure Construction Market.

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