Oman Construction Market: Disruptive Technologies Driving Market Growth 2025-2033

Oman Construction Market by Sector (Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, Energy and Utility Construction), by Oman Forecast 2025-2033

Jun 29 2025
Base Year: 2024
197 Pages
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Oman Construction Market: Disruptive Technologies Driving Market Growth 2025-2033

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Key Insights

The Oman construction market, valued at $6.82 billion in 2025, is projected to experience steady growth, driven by robust government investment in infrastructure development and a burgeoning population requiring increased housing. A Compound Annual Growth Rate (CAGR) of 3.30% is anticipated from 2025 to 2033, indicating a positive outlook for the sector. Key growth drivers include substantial investments in transportation infrastructure projects, such as road expansions and airport upgrades, as well as ongoing energy and utility projects aimed at diversifying the nation's economy. The residential construction segment is expected to remain a significant contributor, fueled by population growth and rising urbanization. However, potential constraints such as fluctuations in global commodity prices and the availability of skilled labor could influence the market's trajectory. The market is segmented across Commercial, Residential, Industrial, Infrastructure (Transportation), and Energy & Utility construction, with Infrastructure and Residential segments likely experiencing the strongest growth due to government initiatives and population dynamics. Major players like McDermott, Bahwan Engineering Group, and Samsung Engineering are key contributors, competing in a landscape that also includes numerous local and international firms.

The diverse nature of the construction projects underway presents opportunities for specialized contractors. The increasing emphasis on sustainable building practices and the adoption of advanced construction technologies are emerging trends within the market. While global economic uncertainty might pose some risk, the long-term outlook for the Oman construction market remains positive, given the government's continued commitment to large-scale infrastructure development and the nation's ongoing economic diversification strategies. This translates into promising prospects for both established players and new entrants looking to capitalize on the market’s growth potential. The focus on infrastructure development suggests significant opportunities for companies specializing in heavy construction, while the residential sector offers prospects for those focused on housing and related projects.

Oman Construction Market Research Report - Market Size, Growth & Forecast

Oman Construction Market: A Comprehensive Report (2019-2033)

This comprehensive report provides an in-depth analysis of the Oman construction market, encompassing market dynamics, growth trends, key players, and future outlook. With a focus on both parent and child markets, this report is an essential resource for industry professionals, investors, and anyone seeking to understand the evolving landscape of construction in Oman. The study period covers 2019-2033, with 2025 as the base and estimated year. The forecast period spans 2025-2033, and the historical period covers 2019-2024. Market values are presented in Million units.

Oman Construction Market Dynamics & Structure

This section analyzes the competitive landscape, technological advancements, regulatory environment, and market trends within Oman's construction sector. The market is characterized by a mix of both international and local players, resulting in a moderately concentrated market structure. While precise market share data for individual players is proprietary, key players such as Bahwan Engineering Group and Galfar Engineering and Contracting SAOG hold significant positions within the country.

Market Concentration & Competition:

  • Moderate market concentration with a mix of international and local players.
  • Intense competition among major players, leading to price wars and innovative service offerings.
  • Estimated market concentration ratio (CR4) of xx%. (Illustrative figure - Actual data will be in the full report)

Technological Innovation Drivers:

  • Adoption of Building Information Modeling (BIM) and other digital technologies.
  • Increased use of prefabricated construction methods.
  • Growing demand for sustainable and green building materials.
  • Innovation barriers include limited skilled labor and high initial investment costs for some technologies.

Regulatory Frameworks:

  • Oman's government actively promotes infrastructure development, impacting project pipelines and market growth.
  • Stringent building codes and regulations influence material choices and construction methods.
  • Government initiatives on sustainability are shaping the adoption of green building practices.

M&A Trends:

  • The recent acquisition of MBCC Group by Sika and Huaxin Cement’s acquisition of a 60% stake in Oman Cement highlight an increasing trend of mergers and acquisitions.
  • Estimated number of M&A deals in the Oman construction market from 2019-2024: xx.
  • Future M&A activity is anticipated to be driven by consolidation efforts and expansion into new markets.

Oman Construction Market Growth Trends & Insights

The Oman construction market experienced robust growth during the historical period (2019-2024), primarily driven by government investments in infrastructure projects and a rising population. The market is projected to maintain healthy growth over the forecast period (2025-2033), albeit at a potentially moderated pace compared to the earlier years.

The market size in 2024 is estimated at xx Million, and is projected to reach xx Million by 2033. This translates to a Compound Annual Growth Rate (CAGR) of xx% during the forecast period. Several factors contribute to this growth trajectory, including the ongoing development of key infrastructure projects, sustained investments in energy and utility projects, and the government's focus on diversifying the economy beyond oil. Technological disruptions, primarily in the form of BIM adoption and prefabrication, are gradually increasing efficiency and productivity. Shifting consumer preferences toward sustainable and energy-efficient buildings are further contributing to market growth.

Oman Construction Market Growth

Dominant Regions, Countries, or Segments in Oman Construction Market

The Oman construction market exhibits varied growth across its segments. While data specific to regional variations requires in-depth analysis within the full report, the Infrastructure (Transportation) Construction segment consistently demonstrates substantial growth due to government initiatives.

Leading Segments:

  • Infrastructure (Transportation) Construction: This segment is the largest and fastest-growing, driven by substantial government investments in road networks, airport expansions, and port developments. The estimated market size in 2024 for this segment was xx Million.
  • Residential Construction: This segment is also experiencing significant growth propelled by increasing population and urbanization. The estimated market size in 2024 for this segment was xx Million.
  • Commercial Construction: This segment's growth is moderate but consistent, influenced by both public and private sector investments in office spaces and retail establishments. The estimated market size in 2024 for this segment was xx Million.
  • Energy and Utility Construction: This sector benefits from ongoing investments in energy infrastructure and utilities expansion. The estimated market size in 2024 for this segment was xx Million.
  • Industrial Construction: Growth in this sector aligns with economic diversification strategies and industrial zone development initiatives. The estimated market size in 2024 for this segment was xx Million.

Key Drivers of Growth:

  • Government investments in infrastructure development.
  • Rising population and urbanization.
  • Economic diversification initiatives.
  • Government support for sustainable construction practices.

Oman Construction Market Product Landscape

The Oman construction market witnesses a diverse range of products, from traditional building materials like cement and steel to advanced technologies like prefabricated components and BIM software. Innovation is driven by the need for enhanced efficiency, sustainability, and cost-effectiveness. The market is seeing increased adoption of sustainable building materials, prefabricated components, and advanced construction technologies. Unique selling propositions often center around enhanced durability, energy efficiency, and reduced construction time.

Key Drivers, Barriers & Challenges in Oman Construction Market

Key Drivers:

  • Government spending on infrastructure projects fuels significant demand.
  • Population growth and urbanization create a steady need for residential and commercial buildings.
  • Tourism sector expansion creates demand for hospitality and related infrastructure projects.

Challenges and Restraints:

  • Fluctuations in global commodity prices impact construction costs. (e.g., steel, cement)
  • Competition for skilled labor impacts project timelines and costs. A shortage of skilled labor is a major constraint.
  • Bureaucratic processes and approvals can create delays. The estimated average project delay due to bureaucratic hurdles is approximately xx months.

Emerging Opportunities in Oman Construction Market

  • Growing demand for green and sustainable construction practices.
  • Increased adoption of technology to improve efficiency and productivity.
  • Development of specialized construction sectors (e.g., renewable energy infrastructure).

Growth Accelerators in the Oman Construction Market Industry

Continued government investment in infrastructure, coupled with a proactive approach towards sustainable and technologically advanced construction practices, will significantly propel market expansion. Strategic partnerships between international and local companies will enhance expertise and innovation. Government initiatives focusing on economic diversification will also create new construction opportunities in various sectors.

Key Players Shaping the Oman Construction Market Market

  • McDermott
  • Bahwan Engineering Group
  • Samsung Engineering Co Ltd
  • Mohammed Abdulmohsin Al-Kharafi & Sons
  • Daewoo Engineering & Construction Co Ltd
  • Larsen and Toubro
  • Galfar Engineering and Contracting SAOG
  • United Engineering Services
  • Hyundai Engineering & Construction Co Ltd
  • Oman Gulf Company LLC
  • Bouygues
  • Petrofac Ltd
  • VINCI
  • Ray International Group
  • Bechtel
  • Khalid Bin Ahmed & Sons LLC
  • SNC-Lavalin Inc
  • Al Hassan Engineering Co SAOG

(List Not Exhaustive)

Notable Milestones in Oman Construction Market Sector

  • April 2023: Huaxin Cement acquired a 60% stake in Oman Cement for USD 193 million, signifying increased foreign investment.
  • May 2023: Sika's acquisition of MBCC Group signals a shift towards consolidation and a focus on sustainable construction solutions.

In-Depth Oman Construction Market Market Outlook

The Oman construction market is poised for sustained growth, driven by continued government spending on infrastructure, increasing urbanization, and a focus on economic diversification. Strategic investments in sustainable and technological advancements will unlock significant potential. The market presents attractive opportunities for both local and international players seeking to participate in this dynamic and growing sector.

Oman Construction Market Segmentation

  • 1. Sector
    • 1.1. Commercial Construction
    • 1.2. Residential Construction
    • 1.3. Industrial Construction
    • 1.4. Infrastructure (Transportation) Construction
    • 1.5. Energy and Utility Construction

Oman Construction Market Segmentation By Geography

  • 1. Oman
Oman Construction Market Regional Share

Oman Construction Market REPORT HIGHLIGHTS

AspectsDetails
Study Period 2019-2033
Base Year 2024
Estimated Year 2025
Forecast Period2025-2033
Historical Period2019-2024
Growth RateCAGR of 3.30% from 2019-2033
Segmentation
    • By Sector
      • Commercial Construction
      • Residential Construction
      • Industrial Construction
      • Infrastructure (Transportation) Construction
      • Energy and Utility Construction
  • By Geography
    • Oman

Table of Contents

  1. 1. Introduction
    • 1.1. Research Scope
    • 1.2. Market Segmentation
    • 1.3. Research Methodology
    • 1.4. Definitions and Assumptions
  2. 2. Executive Summary
    • 2.1. Introduction
  3. 3. Market Dynamics
    • 3.1. Introduction
      • 3.2. Market Drivers
        • 3.2.1. 4.; Governments Investments in Construction Projects4.; Urban Development Intiatives
      • 3.3. Market Restrains
        • 3.3.1. 4.; Increasing Cost of Raw Materials Affecting the Construction Industry4.; Decrease in Foreign Investment Affecting the Market
      • 3.4. Market Trends
        • 3.4.1. Economic Diversification Plan (Vision 2040) has Been a Key Growth Factor in the Construction Sector
  4. 4. Market Factor Analysis
    • 4.1. Porters Five Forces
    • 4.2. Supply/Value Chain
    • 4.3. PESTEL analysis
    • 4.4. Market Entropy
    • 4.5. Patent/Trademark Analysis
  5. 5. Oman Construction Market Analysis, Insights and Forecast, 2019-2031
    • 5.1. Market Analysis, Insights and Forecast - by Sector
      • 5.1.1. Commercial Construction
      • 5.1.2. Residential Construction
      • 5.1.3. Industrial Construction
      • 5.1.4. Infrastructure (Transportation) Construction
      • 5.1.5. Energy and Utility Construction
    • 5.2. Market Analysis, Insights and Forecast - by Region
      • 5.2.1. Oman
  6. 6. Competitive Analysis
    • 6.1. Market Share Analysis 2024
      • 6.2. Company Profiles
        • 6.2.1 McDermott
          • 6.2.1.1. Overview
          • 6.2.1.2. Products
          • 6.2.1.3. SWOT Analysis
          • 6.2.1.4. Recent Developments
          • 6.2.1.5. Financials (Based on Availability)
        • 6.2.2 Bahwan Engineering Group
          • 6.2.2.1. Overview
          • 6.2.2.2. Products
          • 6.2.2.3. SWOT Analysis
          • 6.2.2.4. Recent Developments
          • 6.2.2.5. Financials (Based on Availability)
        • 6.2.3 Samsung Engineering Co Ltd
          • 6.2.3.1. Overview
          • 6.2.3.2. Products
          • 6.2.3.3. SWOT Analysis
          • 6.2.3.4. Recent Developments
          • 6.2.3.5. Financials (Based on Availability)
        • 6.2.4 Mohammed Abdulmohsin Al-Kharafi & Sons
          • 6.2.4.1. Overview
          • 6.2.4.2. Products
          • 6.2.4.3. SWOT Analysis
          • 6.2.4.4. Recent Developments
          • 6.2.4.5. Financials (Based on Availability)
        • 6.2.5 Daewoo Engineering & Construction Co Ltd
          • 6.2.5.1. Overview
          • 6.2.5.2. Products
          • 6.2.5.3. SWOT Analysis
          • 6.2.5.4. Recent Developments
          • 6.2.5.5. Financials (Based on Availability)
        • 6.2.6 Larsen and Toubro
          • 6.2.6.1. Overview
          • 6.2.6.2. Products
          • 6.2.6.3. SWOT Analysis
          • 6.2.6.4. Recent Developments
          • 6.2.6.5. Financials (Based on Availability)
        • 6.2.7 Galfar Engineering and Contracting SAOG
          • 6.2.7.1. Overview
          • 6.2.7.2. Products
          • 6.2.7.3. SWOT Analysis
          • 6.2.7.4. Recent Developments
          • 6.2.7.5. Financials (Based on Availability)
        • 6.2.8 United Engineering Services
          • 6.2.8.1. Overview
          • 6.2.8.2. Products
          • 6.2.8.3. SWOT Analysis
          • 6.2.8.4. Recent Developments
          • 6.2.8.5. Financials (Based on Availability)
        • 6.2.9 Hyundai Engineering & Construction Co Ltd
          • 6.2.9.1. Overview
          • 6.2.9.2. Products
          • 6.2.9.3. SWOT Analysis
          • 6.2.9.4. Recent Developments
          • 6.2.9.5. Financials (Based on Availability)
        • 6.2.10 Oman Gulf Company LLC
          • 6.2.10.1. Overview
          • 6.2.10.2. Products
          • 6.2.10.3. SWOT Analysis
          • 6.2.10.4. Recent Developments
          • 6.2.10.5. Financials (Based on Availability)
        • 6.2.11 Bouygues
          • 6.2.11.1. Overview
          • 6.2.11.2. Products
          • 6.2.11.3. SWOT Analysis
          • 6.2.11.4. Recent Developments
          • 6.2.11.5. Financials (Based on Availability)
        • 6.2.12 Petrofac Ltd
          • 6.2.12.1. Overview
          • 6.2.12.2. Products
          • 6.2.12.3. SWOT Analysis
          • 6.2.12.4. Recent Developments
          • 6.2.12.5. Financials (Based on Availability)
        • 6.2.13 VINCI
          • 6.2.13.1. Overview
          • 6.2.13.2. Products
          • 6.2.13.3. SWOT Analysis
          • 6.2.13.4. Recent Developments
          • 6.2.13.5. Financials (Based on Availability)
        • 6.2.14 Ray International Group**List Not Exhaustive
          • 6.2.14.1. Overview
          • 6.2.14.2. Products
          • 6.2.14.3. SWOT Analysis
          • 6.2.14.4. Recent Developments
          • 6.2.14.5. Financials (Based on Availability)
        • 6.2.15 Bechtel
          • 6.2.15.1. Overview
          • 6.2.15.2. Products
          • 6.2.15.3. SWOT Analysis
          • 6.2.15.4. Recent Developments
          • 6.2.15.5. Financials (Based on Availability)
        • 6.2.16 Khalid Bin Ahmed & Sons LLC
          • 6.2.16.1. Overview
          • 6.2.16.2. Products
          • 6.2.16.3. SWOT Analysis
          • 6.2.16.4. Recent Developments
          • 6.2.16.5. Financials (Based on Availability)
        • 6.2.17 SNC-Lavalin Inc
          • 6.2.17.1. Overview
          • 6.2.17.2. Products
          • 6.2.17.3. SWOT Analysis
          • 6.2.17.4. Recent Developments
          • 6.2.17.5. Financials (Based on Availability)
        • 6.2.18 Al Hassan Engineering Co SAOG
          • 6.2.18.1. Overview
          • 6.2.18.2. Products
          • 6.2.18.3. SWOT Analysis
          • 6.2.18.4. Recent Developments
          • 6.2.18.5. Financials (Based on Availability)

List of Figures

  1. Figure 1: Oman Construction Market Revenue Breakdown (Million, %) by Product 2024 & 2032
  2. Figure 2: Oman Construction Market Share (%) by Company 2024

List of Tables

  1. Table 1: Oman Construction Market Revenue Million Forecast, by Region 2019 & 2032
  2. Table 2: Oman Construction Market Revenue Million Forecast, by Sector 2019 & 2032
  3. Table 3: Oman Construction Market Revenue Million Forecast, by Region 2019 & 2032
  4. Table 4: Oman Construction Market Revenue Million Forecast, by Country 2019 & 2032
  5. Table 5: Oman Construction Market Revenue Million Forecast, by Sector 2019 & 2032
  6. Table 6: Oman Construction Market Revenue Million Forecast, by Country 2019 & 2032

Frequently Asked Questions

1. What is the projected Compound Annual Growth Rate (CAGR) of the Oman Construction Market?

The projected CAGR is approximately 3.30%.

2. Which companies are prominent players in the Oman Construction Market?

Key companies in the market include McDermott, Bahwan Engineering Group, Samsung Engineering Co Ltd, Mohammed Abdulmohsin Al-Kharafi & Sons, Daewoo Engineering & Construction Co Ltd, Larsen and Toubro, Galfar Engineering and Contracting SAOG, United Engineering Services, Hyundai Engineering & Construction Co Ltd, Oman Gulf Company LLC, Bouygues, Petrofac Ltd, VINCI, Ray International Group**List Not Exhaustive, Bechtel, Khalid Bin Ahmed & Sons LLC, SNC-Lavalin Inc, Al Hassan Engineering Co SAOG.

3. What are the main segments of the Oman Construction Market?

The market segments include Sector.

4. Can you provide details about the market size?

The market size is estimated to be USD 6.82 Million as of 2022.

5. What are some drivers contributing to market growth?

4.; Governments Investments in Construction Projects4.; Urban Development Intiatives.

6. What are the notable trends driving market growth?

Economic Diversification Plan (Vision 2040) has Been a Key Growth Factor in the Construction Sector.

7. Are there any restraints impacting market growth?

4.; Increasing Cost of Raw Materials Affecting the Construction Industry4.; Decrease in Foreign Investment Affecting the Market.

8. Can you provide examples of recent developments in the market?

May 2023: Sika acquired MBCC Group after receiving all necessary regulatory approvals. With this highly complementary transaction, Sika strengthened its footprint across all regions, reinforcing its range of products and services across the entire construction life cycle and driving the sustainable transformation of the construction industry.

9. What pricing options are available for accessing the report?

Pricing options include single-user, multi-user, and enterprise licenses priced at USD 3800, USD 4500, and USD 5800 respectively.

10. Is the market size provided in terms of value or volume?

The market size is provided in terms of value, measured in Million.

11. Are there any specific market keywords associated with the report?

Yes, the market keyword associated with the report is "Oman Construction Market," which aids in identifying and referencing the specific market segment covered.

12. How do I determine which pricing option suits my needs best?

The pricing options vary based on user requirements and access needs. Individual users may opt for single-user licenses, while businesses requiring broader access may choose multi-user or enterprise licenses for cost-effective access to the report.

13. Are there any additional resources or data provided in the Oman Construction Market report?

While the report offers comprehensive insights, it's advisable to review the specific contents or supplementary materials provided to ascertain if additional resources or data are available.

14. How can I stay updated on further developments or reports in the Oman Construction Market?

To stay informed about further developments, trends, and reports in the Oman Construction Market, consider subscribing to industry newsletters, following relevant companies and organizations, or regularly checking reputable industry news sources and publications.

Methodology

Step 1 - Identification of Relevant Samples Size from Population Database

Step Chart
Bar Chart
Method Chart

Step 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

Approach Chart
Top-down and bottom-up approaches are used to validate the global market size and estimate the market size for manufactures, regional segments, product, and application.

Note*: In applicable scenarios

Step 3 - Data Sources

Primary Research

  • Web Analytics
  • Survey Reports
  • Research Institute
  • Latest Research Reports
  • Opinion Leaders

Secondary Research

  • Annual Reports
  • White Paper
  • Latest Press Release
  • Industry Association
  • Paid Database
  • Investor Presentations
Analyst Chart

Step 4 - Data Triangulation

Involves using different sources of information in order to increase the validity of a study

These sources are likely to be stakeholders in a program - participants, other researchers, program staff, other community members, and so on.

Then we put all data in single framework & apply various statistical tools to find out the dynamic on the market.

During the analysis stage, feedback from the stakeholder groups would be compared to determine areas of agreement as well as areas of divergence

Additionally, after gathering mixed and scattered data from a wide range of sources, data is triangulated and correlated to come up with estimated figures which are further validated through primary mediums or industry experts, opinion leaders.

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Discover the booming Italian manufactured homes market! Explore its €800 million valuation (2025), 5%+ CAGR, key drivers, and leading companies. Learn about market trends and future projections in this comprehensive analysis of prefabricated housing in Italy.

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Navigating Saudi Arabia Residential Real Estate Market Market Trends: Competitor Analysis and Growth 2025-2033

Discover the booming Saudi Arabia residential real estate market! This comprehensive analysis reveals a CAGR of 8.77%, driven by Vision 2030 and a growing population. Explore market size, key players (Dar Al Arkan, Emaar), and regional trends in Riyadh, Jeddah, and Dammam. Invest wisely with our insightful forecast to 2033.

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Canada Commercial Real Estate Market Expected to Reach XXX Million by 2033

Discover the booming Canadian commercial real estate market! Our in-depth analysis reveals a $77.09B market in 2025, projected to grow at a 7.59% CAGR. Explore key drivers, trends, and challenges affecting office, retail, industrial, and multi-family sectors across major Canadian cities. Get insights into leading players and future market forecasts.

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