the future of construction in oman to 2015: government ... · oman to 2015: government spending on...

Construction

Industry Forecast Report

www.icd-research.com

The Future of Construction in

Oman to 2015: Government

Spending on Infrastructure

Development Under the Eighth

Five-Year Plan to Fuel

Construction Reference code: CN0046MR

Published: August 2011

EXECUTIVE SUMMARY

The Future of Construction in Oman to 2015: Government Spending on Infrastructure

Development Under the Eighth Five-Year Plan to Fuel Construction

© ICD Research. This product is licensed and is not to be photocopied Published: August 2011

1 Executive Summary

The Omani construction industry demonstrated significant growth and recorded a CAGR of XX.XX% during

the review period. The Omani government’s efforts to diversify the national economy resulted in the

establishment of non-oil companies, which increased the levels of immigration and disposable income in

Oman between 2006 and 2010. These factors have provided positive conditions for growth in the Omani

construction industry, which registered strong double digit growth during the review period.

TABLE OF CONTENTS




TABLE OF CONTENTS

1 Executive Summary .............................................................................................................. 2

2 Introduction ......................................................................................................................... 11

2.1 What is this Report About? ..............................................................................................................11

2.2 Definitions .......................................................................................................................................11

2.3 Summary Methodology ...................................................................................................................13

3 Construction Industry Analysis ......................................................................................... 16

3.1 Construction Industry Overview .......................................................................................................16

3.2 Industry Dynamics ...........................................................................................................................17

4 Construction Industry Data ................................................................................................ 18

4.1 Historic Industry Value Review ........................................................................................................18

4.2 Historic Industry Segmentation Review ...........................................................................................19

4.3 Industry Value Forecast ..................................................................................................................21

4.4 Industry Segmentation Forecast ......................................................................................................22

5 Construction Industry: Market Analysis ........................................................................... 24

5.1 Commercial Construction Market Analysis ......................................................................................24

5.1.1 Market Dynamics ...................................................................................................................................... 25

5.1.2 Commercial Construction Market Value Review ...................................................................................... 26

5.1.3 Commercial Construction Market Segmentation Review ......................................................................... 27

5.1.4 Commercial Construction Market Value Forecast .................................................................................... 29

5.1.5 Commercial Construction Market Segmentation Forecast ....................................................................... 30

5.2 Commercial Construction: Category Analysis ..................................................................................32

5.2.1 Leisure and Hospitality Construction Category Value Review ................................................................. 32

5.2.2 Leisure and Hospitality Construction Category Value Forecast ............................................................... 33

5.2.3 Office Buildings Construction Category Value Review ............................................................................. 34

5.2.4 Office Buildings Construction Category Value Forecast .......................................................................... 35

5.2.5 Outdoor Leisure Facilities Construction Category Value Review ............................................................. 36

5.2.6 Outdoor Leisure Facilities Construction Category Value Forecast .......................................................... 37

5.2.7 Retail Buildings Construction Category Value Review ............................................................................. 38

5.2.8 Retail Buildings Construction Category Value Forecast ........................................................................... 39

5.2.9 Other Commercial Construction Category Value Review ........................................................................ 40

5.2.10 Other Commercial Construction Category Value Forecast ...................................................................... 41

5.3 Industrial Construction Market Analysis ...........................................................................................42

5.3.1 Market Dynamics ...................................................................................................................................... 43

5.3.2 Industrial Construction Market Value ........................................................................................................ 44

5.3.3 Industrial Construction Market Segmentation .......................................................................................... 45

5.3.4 Industrial Construction Market Value Forecast ........................................................................................ 47

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5.3.5 Industrial Construction Market Segmentation Forecast ........................................................................... 48

5.4 Industrial Construction: Category Analysis ......................................................................................50

5.4.1 Chemical and Pharmaceutical Plants Construction Category Value Review ........................................... 50

5.4.2 Chemical and Pharmaceutical Plants Construction Category Value Forecast ........................................ 51

5.4.3 Manufacturing Plants Construction Category Value Review .................................................................... 52

5.4.4 Manufacturing Plants Construction Category Value Forecast.................................................................. 53

5.4.5 Metal and Material Processing Plants Construction Category Value Review .......................................... 54

5.4.6 Metal and Material Processing Plants Construction Category Value Forecast ........................................ 55

5.4.7 Refinery Buildings Construction Category Value Review ......................................................................... 56

5.4.8 Refinery Buildings Construction Category Value Forecast ...................................................................... 57

5.4.9 Storage Tanks Construction Category Value Review .............................................................................. 58

5.4.10 Storage Tanks Construction Category Value Forecast ............................................................................ 59

5.4.11 Waste Processing Plants Construction Category Value Review.............................................................. 60

5.4.12 Waste Processing Plants Construction Category Value Forecast ........................................................... 61

5.5 Infrastructure Construction Market Analysis ....................................................................................62

5.5.1 Market Dynamics ...................................................................................................................................... 63

5.5.2 Infrastructure Construction Market Value ................................................................................................. 64

5.5.3 Infrastructure Construction Market Segmentation .................................................................................... 65

5.5.4 Infrastructure Construction Market Value Forecast .................................................................................. 67

5.5.5 Infrastructure Construction Market Segmentation Forecast ..................................................................... 68

5.6 Infrastructure Construction: Category Analysis ................................................................................70

5.6.1 Energy and Communications Infrastructure Construction Category Value Review ................................. 70

5.6.2 Energy and Communications Infrastructure Construction Category Value Forecast ............................... 71

5.6.3 Rail Infrastructure Construction Category Value Review ......................................................................... 72

5.6.4 Rail Infrastructure Construction Category Value Forecast ....................................................................... 72

5.6.5 Road Infrastructure Construction Category Value Review ....................................................................... 73

5.6.6 Road Infrastructure Construction Category Value Forecast..................................................................... 74

5.6.7 Sewage Infrastructure Construction Category Value Review .................................................................. 75

5.6.8 Sewage Infrastructure Construction Category Value Forecast ................................................................ 76

5.6.9 Water Infrastructure Construction Category Value Review ...................................................................... 77

5.6.10 Water Infrastructure Construction Category Value Forecast.................................................................... 78

5.6.11 Other Infrastructure Projects Construction Category Value Review ........................................................ 79

5.6.12 Other Infrastructure Projects Construction Category Value Forecast ...................................................... 80

5.7 Institutional Construction Market Analysis .......................................................................................81

5.7.1 Market Dynamics ...................................................................................................................................... 82

5.7.2 Institutional Construction Market Value .................................................................................................... 83

5.7.3 Institutional Construction Market Segmentation ....................................................................................... 84

5.7.4 Institutional Construction Market Value Forecast ..................................................................................... 86

5.7.5 Institutional Construction Market Segmentation Forecast ........................................................................ 87

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5.8 Institutional Construction: Category Analysis ...................................................................................89

5.8.1 Educational Buildings Construction Category Value Review ................................................................... 89

5.8.2 Educational Buildings Construction Category Value Forecast ................................................................. 90

5.8.3 Healthcare Buildings Construction Category Value Review ..................................................................... 91

5.8.4 Healthcare Buildings Construction Category Value Forecast .................................................................. 92

5.8.5 Institutional Buildings Construction Category Value Review .................................................................... 93

5.8.6 Institutional Buildings Construction Category Value Forecast.................................................................. 94

5.8.7 Religious Buildings Construction Category Value Review ....................................................................... 95

5.8.8 Religious Buildings Construction Category Value Forecast ..................................................................... 96

5.8.9 Research Facilities Construction Category Value Review ....................................................................... 97

5.8.10 Research Facilities Construction Category Value Forecast ..................................................................... 98

5.9 Residential Construction Market Analysis........................................................................................99

5.9.1 Market Dynamics .................................................................................................................................... 100

5.9.2 Residential Construction Market Value .................................................................................................. 101

5.9.3 Residential Construction Market Segmentation ..................................................................................... 102

5.9.4 Residential Construction Market Value Forecast ................................................................................... 104

5.9.5 Residential Construction Market Segmentation Forecast ...................................................................... 105

5.10 Residential Construction: Category Analysis ................................................................................. 107

5.10.1 New Multi-Family Housing Construction Category Value Review .......................................................... 107

5.10.2 New Multi-Family Housing Construction Category Value Forecast ....................................................... 108

5.10.3 Residential Building Redevelopment Construction Category Value Review .......................................... 109

5.10.4 Residential Building Redevelopment Construction Category Value Forecast ....................................... 110

5.10.5 Single-Family Housing Construction Category Value Review................................................................ 111

5.10.6 Single-Family Housing Construction Category Value Forecast ............................................................. 112

6 Company Profile: Galfar Engineering & Contracting SAOG.......................................... 113

6.1 Galfar Engineering & Contracting SAOG - Company Overview ..................................................... 113

6.2 Galfar Engineering & Contracting SAOG - Business Description ................................................... 113

6.3 Galfar Engineering & Contracting SAOG - Key Services ............................................................... 114

6.4 Galfar Engineering & Contracting SAOG - History ......................................................................... 115

6.5 Galfar Engineering & Contracting SAOG - SWOT Analysis ........................................................... 115

6.5.1 Galfar Engineering & Contracting SAOG – Strengths ............................................................................ 115

6.5.2 Galfar Engineering & Contracting SAOG – Weaknesses ....................................................................... 116

6.5.3 Galfar Engineering & Contracting SAOG – Opportunities ...................................................................... 117

6.5.4 Galfar Engineering & Contracting SAOG – Threats ............................................................................... 118

6.6 Galfar Engineering & Contracting SAOG – Company Information ................................................. 118

6.6.1 Galfar Engineering & Contracting SAOG - Key Competitors ................................................................. 118

6.6.2 Galfar Engineering & Contracting SAOG - Key Employees ................................................................... 119

7 Company Profile: Bahwan Engineering Company LLC ................................................. 120

TABLE OF CONTENTS




7.1 Bahwan Engineering Company LLC - Company Overview ............................................................ 120

7.2 Bahwan Engineering Company LLC - Business Description ......................................................... 120

7.3 Bahwan Engineering Company LLC - Key Products and Services ................................................ 122

7.4 Bahwan Engineering Company LLC - History ............................................................................... 122

7.5 Bahwan Engineering Company LLC – Company Information ........................................................ 123

7.5.1 Bahwan Engineering Company LLC - Key Competitors ........................................................................ 123

7.5.2 Bahwan Engineering Company LLC - Key Employees .......................................................................... 123

8 Company Profile: Al Hassan Group of Companies ........................................................ 124

8.1 Al Hassan Group of Companies - Company Overview .................................................................. 124

8.2 Al Hassan Group of Companies - Key Products and Services ....................................................... 124

8.3 Al Hassan Group of Companies – Company Information .............................................................. 125

8.3.1 Al Hassan Group of Companies - Key Competitors ............................................................................... 125

8.3.2 Al Hassan Group of Companies - Key Employees ................................................................................. 125

9 Company Profile: Carillion Alawi LLC ............................................................................. 126

9.1 Carillion Alawi LLC - Company Overview ...................................................................................... 126

9.2 Carillion Alawi LLC - Business Description .................................................................................... 126

9.3 Carillion Alawi LLC - Key Services ................................................................................................ 127

9.4 Carillion Alawi LLC – Company Information .................................................................................. 127

9.4.1 Carillion Alawi LLC - Key Competitors .................................................................................................... 127

9.4.2 Carillion Alawi LLC - Key Employees ..................................................................................................... 127

10 Annual Review ................................................................................................................... 128

11 Appendix ............................................................................................................................ 133

11.1 Methodology ................................................................................................................................. 133

11.2 Contact us ..................................................................................................................................... 133

11.3 About ICD Research ..................................................................................................................... 133

11.4 Disclaimer ..................................................................................................................................... 133

TABLE OF CONTENTS




LIST OF FIGURES

Figure 1: Oman Overall Construction Industry Dynamics By Market (%), 2006–2015 ......................................................................................... 17 Figure 2: Oman Construction Industry Value (US$ Million), 2006–2010 .............................................................................................................. 18 Figure 3: Oman Construction Industry Segmentation By Market (%), 2006–2010 ............................................................................................... 20 Figure 4: Oman Construction Industry Value Forecast (US$ Million), 2010–2015 ............................................................................................... 21 Figure 5: Oman Construction Industry Segmentation Forecast By Market (%), 2015 .......................................................................................... 23 Figure 6: Oman Commercial Construction Market Dynamics By Category (%), 2006–2015 ................................................................................ 25 Figure 7: Oman Commercial Construction Market Value (US$ Million), 2006–2010 ............................................................................................ 26 Figure 8: Oman Commercial Construction Market Segmentation By Category (%),2006–2010 .......................................................................... 28 Figure 9: Oman Commercial Construction Market Value Forecast (US$ Million), 2010–2015 ............................................................................. 29 Figure 10: Oman Commercial Construction Market Segmentation Forecast By Category (%), 2010–2015 ......................................................... 31 Figure 11: Oman Leisure and Hospitality Construction Category Value (US$ Million), 2006–2010...................................................................... 32 Figure 12: Oman Leisure and Hospitality Construction Category Value Forecast (US$ Million), 2010–2015 ....................................................... 33 Figure 13: Oman Office Buildings Construction Category Value (US$ Million), 2006–2010 ................................................................................. 34 Figure 14: Oman Office Buildings Construction Category Value Forecast (US$ Million), 2010–2015 .................................................................. 35 Figure 15: Oman Outdoor Leisure Facilities Construction Category Value (US$ Million), 2006–2010 ................................................................. 36 Figure 16: Oman Outdoor Leisure Facilities Construction Category Value Forecast (US$ Million), 2010–2015 ................................................... 37 Figure 17: Oman Retail Buildings Construction Category Value (US$ Million), 2006–2010 ................................................................................. 38 Figure 18: Oman Retail Buildings Construction Category Value Forecast (US$ Million), 2010–2015 .................................................................. 39 Figure 19: Oman Other Commercial Construction Category Value (US$ Million), 2006–2010............................................................................. 40 Figure 20: Oman Other Commercial Construction Category Value Forecast (US$ Million), 2010–2015 .............................................................. 41 Figure 21: Oman Industrial Construction Market Dynamics By Category (%), 2006–2015 .................................................................................. 43 Figure 22: Oman Industrial Construction Market Value (US$ Million), 2006–2010 .............................................................................................. 44 Figure 23: Oman Industrial Construction Market Segmentation By Category (%),2006–2010 ............................................................................. 46 Figure 24: Oman Industrial Construction Market Value Forecast (US$ Million), 2010–2015 ................................................................................ 47 Figure 25: Oman Industrial Construction Market Segmentation Forecast By Category (%),2010–2015 .............................................................. 49 Figure 26: Oman Chemical and Pharmaceutical Plants Construction Category Value (US$ Million), 2006–2010 ................................................ 50 Figure 27: Oman Chemical and Pharmaceutical Plants Construction Category Value Forecast (US$ Million), 2010–2015 ................................. 51 Figure 28: Oman Manufacturing Plants Construction Category Value (US$ Million), 2006–2010 ........................................................................ 52 Figure 29: Oman Manufacturing Plants Construction Category Value Forecast (US$ Million), 2010–2015 ......................................................... 53 Figure 30: Oman Metal and Material Processing Plants Construction Category Value (US$ Million), 2006–2010 ............................................... 54 Figure 31: Oman Metal and Material Processing Plants Construction Category Value Forecast (US$ Million), 2010–2015 ................................ 55 Figure 32: Oman Refinery Buildings Construction Category Value (US$ Million), 2006–2010 ............................................................................. 56 Figure 33: Oman Refinery Buildings Construction Category Value Forecast (US$ Million), 2010–2015 .............................................................. 57 Figure 34: Oman Storage Tanks Construction Category Value (US$ Million), 2006–2010 .................................................................................. 58 Figure 35: Oman Storage Tanks Construction Category Value Forecast (US$ Million), 2010–2015 .................................................................... 59 Figure 36: Oman Waste Processing Plants Construction Category Value (US$ Million), 2006–2010 .................................................................. 60 Figure 37: Oman Waste Processing Plants Construction Category Value Forecast (US$ Million), 2010–2015 ................................................... 61 Figure 38: Oman Infrastructure Construction Market Dynamics By Category (%), 2006–2015 ............................................................................ 63 Figure 39: Oman Infrastructure Construction Market Value (US$ Million), 2006–2010 ........................................................................................ 64 Figure 40: Oman Infrastructure Construction Market Segmentation By Category (%),2006–2010....................................................................... 66 Figure 41: Oman Infrastructure Construction Market Value Forecast (US$ Million), 2010–2015 ......................................................................... 67 Figure 42: Oman Infrastructure Construction Market Segmentation Forecast By Category (%),2010–2015 ........................................................ 69 Figure 43: Oman Energy and Communications Infrastructure Construction Category Value (US$ Million), 2006–2010 ...................................... 70 Figure 44: Oman Energy and Communications Infrastructure Construction Category Value Forecast (US$ Million), 2010–2015 ........................ 71 Figure 45: Oman Rail Infrastructure Construction Category Value Forecast (US$ Million), 2010–2015 ............................................................... 72 Figure 46: Oman Road Infrastructure Construction Category Value (US$ Million), 2006–2010 ........................................................................... 73 Figure 47: Oman Road Infrastructure Construction Category Value Forecast (US$ Million), 2010–2015 ............................................................ 74 Figure 48: Oman Sewage Infrastructure Construction Category Value (US$ Million), 2006–2010 ....................................................................... 75 Figure 49: Oman Sewage Infrastructure Construction Category Value Forecast (US$ Million), 2010–2015 ........................................................ 76 Figure 50: Oman Water Infrastructure Construction Category Value (US$ Million), 2006–2010 .......................................................................... 77 Figure 51: Oman Water Infrastructure Construction Category Value Forecast (US$ Million), 2010–2015 ........................................................... 78 Figure 52: Oman Other Infrastructure Projects Construction Category Value (US$ Million), 2006–2010 ............................................................. 79 Figure 53: Oman Other Infrastructure Projects Construction Category Value Forecast (US$ Million), 2010–2015 .............................................. 80 Figure 54: Oman Institutional Construction Market Dynamics By Category (%), 2006–2015 ............................................................................... 82 Figure 55: Oman Institutional Construction Market Value (US$ Million), 2006–2010 ........................................................................................... 83 Figure 56: Oman Institutional Construction Market Segmentation By Category (%),2006–2010 ......................................................................... 85 Figure 57: Oman Institutional Construction Market Value Forecast (US$ Million), 2010–2015 ............................................................................ 86

TABLE OF CONTENTS




Figure 58: Oman Institutional Construction Market Segmentation Forecast By Category (%),2010–2015 ........................................................... 88 Figure 59: Oman Educational Buildings Construction Category Value (US$ Million), 2006–2010 ....................................................................... 89 Figure 60: Oman Educational Buildings Construction Category Value Forecast (US$ Million), 2010–2015 ......................................................... 90 Figure 61: Oman Healthcare Buildings Construction Category Value (US$ Million), 2006–2010 ......................................................................... 91 Figure 62: Oman Healthcare Buildings Construction Category Value Forecast (US$ Million), 2010–2015 .......................................................... 92 Figure 63: Oman Institutional Buildings Construction Category Value (US$ Million), 2006–2010 ........................................................................ 93 Figure 64: Oman Institutional Buildings Construction Category Value Forecast (US$ Million), 2010–2015 ......................................................... 94 Figure 65: Oman Religious Buildings Construction Category Value (US$ Million), 2006–2010 ........................................................................... 95 Figure 66: Oman Religious Buildings Construction Category Value Forecast (US$ Million), 2010–2015 ............................................................. 96 Figure 67: Oman Research Facilities Construction Category Value (US$ Million), 2006–2010 ........................................................................... 97 Figure 68: Oman Research Facilities Construction Category Value Forecast (US$ Million), 2010–2015 ............................................................. 98 Figure 69: Oman Residential Construction Market Dynamics By Category (%), 2006–2015 ..............................................................................100 Figure 70: Oman Residential Construction Market Value (US$ Million), 2006–2010 ..........................................................................................101 Figure 71: Oman Residential Construction Market Segmentation By Category (%),2006–2010 .........................................................................103 Figure 72: Oman Residential Construction Market Value Forecast (US$ Million), 2010–2015............................................................................104 Figure 73: Oman Residential Construction Market Segmentation Forecast By Category (%),2010–2015 ..........................................................106 Figure 74: Oman New Multi-Family Housing Construction Category Value (US$ Million), 2006–2010 ...............................................................107 Figure 75: Oman New Multi-Family Housing Construction Category Value Forecast (US$ Million), 2010–2015 .................................................108 Figure 76: Oman Residential Building Redevelopment Construction Category Value (US$ Million), 2006–2010 ................................................109 Figure 77: Oman Residential Building Redevelopment Construction Category Value Forecast (US$ Million), 2010–2015 .................................110 Figure 78: Oman Single-Family Housing Construction Category Value (US$ Million), 2006–2010 .....................................................................111 Figure 79: Oman Single-Family Housing Construction Category Value Forecast (US$ Million), 2010–2015 ......................................................112

TABLE OF CONTENTS




LIST OF TABLES

Table 1: ICD Construction Market Definitions ..................................................................................................................................................... 12 Table 2: Oman Construction Industry Value, 2006–2010 .................................................................................................................................... 18 Table 3: Oman Construction Industry Segmentation By Market (OMR Million), 2006–2010 ................................................................................ 19 Table 4: Oman Construction Industry Segmentation By Market (US$ Million), 2006–2010 ................................................................................. 19 Table 5: Oman Construction Industry Value Forecast, 2010–2015 ..................................................................................................................... 21 Table 6: Oman Construction Industry Segmentation Forecast By Market (OMR Million), 2010–2015 ................................................................. 22 Table 7: Oman Construction Industry Segmentation Forecast By Market (US$ Million), 2010–2015 ................................................................... 22 Table 8: Oman Commercial Construction Market Value, 2006–2010 .................................................................................................................. 26 Table 9: Oman Commercial Construction Market Segmentation By Category (OMR Million), 2006–2010 ........................................................... 27 Table 10: Oman Commercial Construction Market Segmentation By Category (US$ Million), 2006–2010 .......................................................... 27 Table 11: Oman Commercial Construction Market Value Forecast, 2010–2015 ................................................................................................. 29 Table 12: Oman Commercial Construction Market Segmentation Forecast By Category (OMR Million), 2010–2015 .......................................... 30 Table 13: Oman Commercial Construction Market Segmentation Forecast By Category (US$ Million), 2010–2015 ........................................... 30 Table 14: Oman Leisure and Hospitality Construction Category Value, 2006–2010 ............................................................................................ 32 Table 15: Oman Leisure and Hospitality Construction Category Value Forecast, 2010–2015 ............................................................................. 33 Table 16: Oman Office Buildings Construction Category Value, 2006–2010 ....................................................................................................... 34 Table 17: Oman Office Buildings Construction Category Value Forecast, 2010–2015 ........................................................................................ 35 Table 18: Oman Outdoor Leisure Facilities Construction Category Value, 2006–2010 ....................................................................................... 36 Table 19: Oman Outdoor Leisure Facilities Construction Category Value Forecast, 2010–2015 ......................................................................... 37 Table 20: Oman Retail Buildings Construction Category Value, 2006–2010 ....................................................................................................... 38 Table 21: Oman Retail Buildings Construction Category Value Forecast, 2010–2015 ........................................................................................ 39 Table 22: Oman Other Commercial Construction Category Value, 2006–2010 ................................................................................................... 40 Table 23: Oman Other Commercial Construction Category Value Forecast, 2010–2015 .................................................................................... 41 Table 24: Oman Industrial Construction Market Value, 2006–2010..................................................................................................................... 44 Table 25: Oman Industrial Construction Market Segmentation By Category (OMR Million), 2006–2010 ............................................................. 45 Table 26: Oman Industrial Construction Market Segmentation By Category (US$ Million), 2006–2010 .............................................................. 45 Table 27: Oman Industrial Construction Market Value Forecast, 2010–2015 ...................................................................................................... 47 Table 28: Oman Industrial Construction Market Segmentation Forecast By Category (OMR Million), 2010–2015 ............................................... 48 Table 29: Oman Industrial Construction Market Segmentation Forecast By Category (US$ Million), 2010–2015 ................................................ 48 Table 30: Oman Chemical and Pharmaceutical Plants Construction Category Value, 2006–2010 ...................................................................... 50 Table 31: Oman Chemical and Pharmaceutical Plants Construction Category Value Forecast, 2010–2015 ....................................................... 51 Table 32: Oman Manufacturing Plants Construction Category Value, 2006–2010 .............................................................................................. 52 Table 33: Oman Manufacturing Plants Construction Category Value Forecast, 2010–2015 ................................................................................ 53 Table 34: Oman Metal and Material Processing Plants Construction Category Value, 2006–2010 ..................................................................... 54 Table 35: Oman Metal and Material Processing Plants Construction Category Value Forecast, 2010–2015 ....................................................... 55 Table 36: Oman Refinery Buildings Construction Category Value, 2006–2010 ................................................................................................... 56 Table 37: Oman Refinery Buildings Construction Category Value Forecast, 2010–2015 .................................................................................... 57 Table 38: Oman Storage Tanks Construction Category Value, 2006–2010 ........................................................................................................ 58 Table 39: Oman Storage Tanks Construction Category Value Forecast, 2010–2015 .......................................................................................... 59 Table 40: Oman Waste Processing Plants Construction Category Value, 2006–2010 ........................................................................................ 60 Table 41: Oman Waste Processing Plants Construction Category Value Forecast, 2010–2015 .......................................................................... 61 Table 42: Oman Infrastructure Construction Market Value, 2006–2010 .............................................................................................................. 64 Table 43: Oman Infrastructure Construction Market Segmentation By Category (OMR Million), 2006–2010 ....................................................... 65 Table 44: Oman Infrastructure Construction Market Segmentation By Category (US$ Million), 2006–2010 ........................................................ 65 Table 45: Oman Infrastructure Construction Market Value Forecast, 2010–2015 ............................................................................................... 67 Table 46: Oman Infrastructure Construction Market Segmentation Forecast By Category (OMR Million), 2010–2015 ........................................ 68 Table 47: Oman Infrastructure Construction Market Segmentation Forecast By Category (US$ Million), 2010–2015 ......................................... 68 Table 48: Oman Energy and Communications Infrastructure Construction Category Value, 2006–2010............................................................. 70 Table 49: Oman Energy and Communication Infrastructure Construction Category Value Forecast, 2010–2015 ................................................ 71 Table 50: Oman Rail Infrastructure Construction Category Value Forecast, 2010–2015 ..................................................................................... 72 Table 51: Oman Road Infrastructure Construction Category Value, 2006–2010 ................................................................................................. 73 Table 52: Oman Road Infrastructure Construction Category Value Forecast, 2010–2015 ................................................................................... 74 Table 53: Oman Sewage Infrastructure Construction Category Value, 2006–2010 ............................................................................................. 75 Table 54: Oman Sewage Infrastructure Construction Category Value Forecast, 2010–2015 .............................................................................. 76 Table 55: Oman Water Infrastructure Construction Category Value, 2006–2010 ................................................................................................ 77 Table 56: Oman Water Infrastructure Construction Category Value Forecast, 2010–2015 .................................................................................. 78 Table 57: Oman Other Infrastructure Projects Construction Category Value, 2006–2010 ................................................................................... 79

TABLE OF CONTENTS




Table 58: Oman Other Infrastructure Projects Construction Category Value Forecast, 2010–2015 ..................................................................... 80 Table 59: Oman Institutional Construction Market Value, 2006–2010 ................................................................................................................. 83 Table 60: Oman Institutional Construction Market Segmentation By Category (OMR Million), 2006–2010 .......................................................... 84 Table 61: Oman Institutional Construction Market Segmentation By Category (US$ Million), 2006–2010 ........................................................... 84 Table 62: Oman Institutional Construction Market Value Forecast, 2010–2015 .................................................................................................. 86 Table 63: Oman Institutional Construction Market Segmentation Forecast By Category (OMR Million), 2010–2015 ........................................... 87 Table 64: Oman Institutional Construction Market Segmentation Forecast By Category (US$ Million), 2010–2015 ............................................ 87 Table 65: Oman Educational Buildings Construction Category Value, 2006–2010 .............................................................................................. 89 Table 66: Oman Educational Buildings Construction Category Value Forecast, 2010–2015 ............................................................................... 90 Table 67: Oman Healthcare Buildings Construction Category Value, 2006–2010 ............................................................................................... 91 Table 68: Oman Healthcare Buildings Construction Category Value Forecast, 2010–2015 ................................................................................ 92 Table 69: Oman Institutional Buildings Construction Category Value, 2006–2010 .............................................................................................. 93 Table 70: Oman Institutional Buildings Construction Category Value Forecast, 2010–2015 ................................................................................ 94 Table 71: Oman Religious Buildings Construction Category Value, 2006–2010 .................................................................................................. 95 Table 72: Oman Religious Buildings Construction Category Value Forecast, 2010–2015 ................................................................................... 96 Table 73: Oman Research Facilities Construction Category Value, 2006–2010 .................................................................................................. 97 Table 74: Oman Research Facilities Construction Category Value Forecast, 2010–2015 ................................................................................... 98 Table 75: Oman Residential Construction Market Value, 2006–2010 ................................................................................................................101 Table 76: Oman Residential Construction Market Segmentation By Category (OMR Million), 2006–2010 .........................................................102 Table 77: Oman Residential Construction Market Segmentation By Category (US$ Million), 2006–2010 ..........................................................102 Table 78: Oman Residential Construction Market Value Forecast, 2010–2015 ..................................................................................................104 Table 79: Oman Residential Construction Market Segmentation Forecast By Category (OMR Million), 2010–2015 ..........................................105 Table 80: Oman Residential Construction Market Segmentation Forecast By Category (US$ Million), 2010–2015 ............................................105 Table 81: Oman New Multi-Family Housing Construction Category Value, 2006–2010 .....................................................................................107 Table 82: Oman New Multi-Family Housing Construction Category Value Forecast, 2010–2015 .......................................................................108 Table 83: Oman Residential Buildings Redevelopment Construction Category Value, 2006–2010 ....................................................................109 Table 84: Oman Residential Buildings Redevelopment Construction Category Value Forecast, 2010–2015......................................................110 Table 85: Oman Single-Family Housing Construction Category Value, 2006–2010 ...........................................................................................111 Table 86: Oman Single-Family Housing Construction Category Value Forecast, 2010–2015.............................................................................112 Table 87: Galfar Engineering & Contracting SAOG, Key Facts ..........................................................................................................................113 Table 88: Galfar Engineering & Contracting SAOG, Key Services .....................................................................................................................114 Table 89: Galfar Engineering & Contracting SAOG, History ...............................................................................................................................115 Table 90: Galfar Engineering & Contracting SAOG, Key Employees .................................................................................................................119 Table 91: Bahwan Engineering Company LLC, Key Facts .................................................................................................................................120 Table 92: Bahwan Engineering Company LLC, Key Products and Services ......................................................................................................122 Table 93: Bahwan Engineering Company LLC, History .....................................................................................................................................122 Table 94: Bahwan Engineering Company LLC,, Key Employees .......................................................................................................................123 Table 95: Al Hassan Group of Companies, Key Facts .......................................................................................................................................124 Table 96: Al Hassan Group of Companies, Key Products and Services .............................................................................................................124 Table 97: Al Hassan Group of Companies,, Key Employees .............................................................................................................................125 Table 98: Carillion Alawi LLC, Key Facts ...........................................................................................................................................................126 Table 99: Carillion Alawi LLC, Key Services ......................................................................................................................................................127 Table 100: Carillion Alawi LLC,, Key Employees ...............................................................................................................................................127

INTRODUCTION




2 Introduction

2.1 What is this Report About?

This report is the result of ICD’s extensive market and company research covering the Omani construction

Industry. It provides detailed analysis of both historic and forecast construction industry values at market and

category level, analysis of the leading companies in the industry, and key news.

“The Future of Construction in Oman to 2015: Government Spending on Infrastructure Development Under

the Eighth Five-Year Plan to Fuel Construction” provides a top-level overview and detailed market, category

and company-specific insights into the operating environment for construction contractors. It is an essential

tool for companies active across the Omani construction value chain and for new competitors considering

entering the industry.

2.2 Definitions

For the purposes of this report, the following timeframes apply:

Review period: 2006–2010

Forecast period: 2011–2015

The total value of construction projects can be broadly segmented into the following sectors, related to the

products and service types provided during the project:

Land acquisition and preparation

Planning and feasibility studies

Architectural and engineering design

Construction

o Construction services

Labor

Project management

o Materials

Building products

Construction materials

o Construction equipment

Advisory services

o Financing

o Inspection and testing

o Legal

Equipment and furnishings

o Interior products

o Exterior products

INTRODUCTION




o Industrial equipment

Other

This report focuses on the value of construction services, as represented by the value-added through the

use and management of the construction labor force.

All data is collected in OMR Million at current prices and converted into US$. All conversions into US$, of

current, historical and forecast data alike, are made by taking a yearly average exchange rate. Due to

currency fluctuations, there can be variations in growth rates in terms of US$ as compared to OMR Million.

All the values in tables, with the exception of compound annual growth rate (CAGR) values, and compound

annual rate of change (CARC) are displayed to two decimal places, and therefore growth rates may appear

inconsistent with absolute values due to this rounding method.

The key market categories featured in the report are defined below:

Table 1: ICD Construction Market Definitions

Market Definition

Commercial construction

Includes the construction of projects such as office buildings, sports complexes such as athletic fields, golf courses and parks, shopping centers and hotels. For reporting purposes, the market is split into five main areas: leisure and hospitality buildings, office buildings, outdoor leisure facilities, retail buildings and other commercial construction.

Infrastructure construction

A range of heavy infrastructure construction projects including, but not limited to, the construction of highways, bridges, tunnels, water lines, sewer lines, pipelines, power and communication transmission lines, dams, dikes, docks, drainage projects, harbors, reservoirs, canals, sewage treatment plants, water treatment plants, subways, and other mass transit projects. For reporting purposes, the market is split into six main areas: energy and communication infrastructure, rail infrastructure, road infrastructure, sewage infrastructure, water infrastructure and other infrastructure projects.

Industrial construction

Consists of the construction, including new builds, extensions and key rebuilds, of industrial buildings. The construction of additional structures with similar production processes to industrial buildings, for example incinerators, cement plants, blast furnaces and similar non-building structures is also included. For reporting purposes, the market is split into six main areas: chemical and pharmaceutical plants, manufacturing plants, metal and material processing plants, refinery buildings, storage tanks and waste processing plants.

Institutional construction

Includes the construction of buildings and facilities that do not fall within the remit of commercial construction, but which by nature are not industrial. This includes educational institutions, research facilities, healthcare facilities, and religious buildings. These may be either public or private sector. For reporting purposes, the market is split into five main areas: educational buildings, healthcare buildings, institutional buildings, religious buildings and research facilities.

Residential construction

Includes the construction, renovation and demolition of residential buildings such as houses, townhouses, cottages, condominiums, single-unit dwellings, sub-divisions and apartments. For reporting purposes, the market is split into three main areas: new multi-family housing, residential building redevelopment and single-family housing.

Source: ICD Research Analysis / © ICD Research

INTRODUCTION




2.3 Summary Methodology

All ICD reports are rigorously sourced and created according to a comprehensive four-stage methodology:

1) Market study

A) Standardization

Market definitions are specified using recognized industry classifications. The same definition is used

for every country.

Annual average currency exchange rates are collected for the latest complete year. These are then

applied across both the historical and forecast data to remove exchange rate fluctuations.

B) Internal audit

Review of in-house databases to gather existing data:

o Historic market databases and reports

o Company database

o Construction magazine portfolio

o Construction projects database

C) Trend monitoring and primary research

Review of the latest construction company and project trends

Biannual surveys using expert panels compiled from across the construction value chain:

o Construction contractors

o Equipment and material manufacturers and suppliers

o Architects and designers

o Project owners and financiers

o Project advisors

2) Research

A) Sources

Collection of the latest market-specific data from a wide variety of respected industry sources:

o Government statistics

o Industry associations

o Company filings

o Broker reports

o International organizations

B) Expert opinion

Collation of opinion taken from ICD journalist interviews of leading industry figures

INTRODUCTION




Analysis of third-party opinion and forecasts:

o Broker reports

o Industry associations

o Construction media

o Official government sources

C) Data consolidation and verification

Consolidation of data and opinion to create historical datasets

Creation of models to benchmark data across sectors and regions

3) Analysis

A) Market forecasts

Feed of forecast data into market models:

o Macroeconomic indicators

o Industry-specific drivers

Analysis of the ICD Construction Projects Database to identify trends by sector:

o Latest project announcements

o Financing shortfalls

o Project cancellations and postponements

B) Report writing

Analysis of market data

Discussion of company and industry trends and issues

Integration of survey results

Annual review of financial deal and construction project trends

INTRODUCTION




4) Quality control

A) Templates

Detailed process manuals

Standardized report templates and accompanying style guides

Complex forecasting tools used to ensure forecast methodologies are consistently applied

Quality control checklists

B) Quality control process

Peer review

Senior level quality control

Randomized spot checks on data integrity

Benchmark checks across databases

Market data cross-checked for consistency with accumulated data from:

o ICD Construction Projects Database

o Company filings

CONSTRUCTION INDUSTRY ANALYSIS




3 Construction Industry Analysis

3.1 Construction Industry Overview

Oman’s construction industry is anticipated to benefit from the country’s 2011 Budget and Eighth Five-

Year Plan 2011 to 2015, as the Omani government increases its expenditure on infrastructure

development during the forecast period. During the review period, Oman has developed at a similar

pace to emerging economies through investment in large-scale infrastructure projects in the country.





3.2 Industry Dynamics

Within the Oman construction industry, the residential construction was the largest market, with a share

of XX.XX% in 2010. In terms of growth, commercial construction was the fastest growing market, with a

CAGR of XX.XX% during the review period. This was followed by infrastructure construction, with a

CAGR of XX.XX%.

Figure 1: Oman Overall Construction Industry Dynamics By Market (XX), 2006–2015

Note: Bubble size represents 2010 market value (OMR million)


Note: - The numbers or % figures shown in this graph and the subsequent graphs are dummy.





4 Construction Industry Data

4.1 Historic Industry Value Review

In 2010, the Oman construction industry valued OMRXX.XX billion, which represented an increase of

XX.XX% compared with 2009 and a CAGR of XX.XX% during the review period.

Table 2: Oman Construction Industry Value, 2006–2010

Year US$ Million OMR Million % Growth

2006

2007

2008

2009

2010

CAGR 2006–2010 XX.XX%


Figure 2: Oman Construction Industry Value (XX), 2006–2010






4.2 Historic Industry Segmentation Review

In 2010, the largest market in the Oman construction industry was residential construction with a value

of OMRXX.XX million, equal to XX.XX% of the total construction industry. The second largest market

was infrastructure construction with a value of OMRXX.XX million, followed by commercial construction

with a value of OMRXX.XX million. Commercial Construction was the fastest growing market in the

Oman construction industry during the review period, with a CAGR of XX.XX%. This was followed by

infrastructure construction with a CAGR of XX.XX%.

Table 3: Oman Construction Industry Segmentation By Market (XX), 2006–2010

Market 2006 2007 2008 2009 2010 CAGR

2006–2010

Residential Construction

Infrastructure Construction

Commercial Construction

Institutional Construction

Industrial Construction

Overall


Table 4: Oman Construction Industry Segmentation By Market (XX), 2006–2010

Market 2006 2007 2008 2009 2010 CAGR

2006–2010






Overall






Figure 3: Oman Construction Industry Segmentation By Market (XX), 2006–2010






4.3 Industry Value Forecast

By 2015, ICD expects the Oman construction industry to value OMRXX.XX million, compared with OMRXX.XX

million in 2010. This represents a CAGR of XX.XX% during the forecast period.

Table 5: Oman Construction Industry Value Forecast, 2010–2015

Year US$ Million OMR Million % Growth

2010

2011

2012

2013

2014

2015

CAGR 2010–2015 XX.XX%


Figure 4: Oman Construction Industry Value Forecast (XX), 2010–2015






4.4 Industry Segmentation Forecast

In 2015, residential construction is forecast to be the largest market in the construction industry, with a market

value of OMRXX.XX million and a market share of XX.XX%. The second-largest market is forecast to be

infrastructure construction, with a market share of XX.XX%.

Table 6: Oman Construction Industry Segmentation Forecast By Market (XX), 2010–2015

Market 2010 2011 2012 2013 2014 2015 CAGR

2010–2015






Overall


Table 7: Oman Construction Industry Segmentation Forecast By Market (XX), 2010–2015

Market 2010 2011 2012 2013 2014 2015 CAGR

2010–2015






Overall






Figure 5: Oman Construction Industry Segmentation Forecast By Market (XX), 2015


the future of construction in oman to 2015: government ... · oman to 2015: government spending on...

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