Market Size of Oman Transportation Infrastructure Construction Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.38 Billion |
| Market Size (2029) | USD 3.12 Billion |
| CAGR (2024 - 2029) | > 5.65 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Oman Transportation Infrastructure Construction Market Analysis
The Oman Transportation Infrastructure Construction Market size is estimated at USD 2.38 billion in 2024, and is expected to reach USD 3.12 billion by 2029, growing at a CAGR of greater than 5.65% during the forecast period (2024-2029).
COVID-19 severely impacted the overall construction sector in Oman and transportation infrastructure construction does not have exception for it. Construction activity was slowed down due to difficulty in the supply chain and social distancing factors. As Oman is Oil oil-based economy, a fall in oil prices during the Covid period slowed down the economic activity in Oman. This economic slowdown impacted negative growth in the Oman Transportation Infrastructure Construction Market in the short term. The speedy recovery has been seen in infrastructure construction since 2021.
Rapid urbanization, the growing need for large transportation infrastructure capacity for oil transport, and aging existing infrastructure are some of the key driving factors for revenue growth of the Oman Transportation Infrastructure Construction Market
