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Follow on Google News | Market Report, "Oman Infrastructure Report Q2 2011", publishedNew Construction market report from Business Monitor International: "Oman Infrastructure Report Q2 2011"
Our medium-term optimism for Oman is based on: Oman's new five-year spending plan (2011-2015): The new plan foresees OMR30bn (US$78bn) of expenditure, representing a 113% increase on the last five year plan. Of this, around OMR6bn (US$16bn) will go towards oil industries, with the majority of funds planned to be invested in hospitals, education and roads. The release of the new five-year plan coincided with the government's new budget for 2011, which saw planned expenditure for the year rise by 9% to OMR8.13bn (US$21bn). The return of commercial and residential construction: Numerous contract awards and tender releases: By September 2010 the government had signed US$11.5bn of infrastructure projects, of the US$18.5bn expenditure planned in the 2010 fiscal budget. According to BMI's Key Projects Database, in excess of US$30bn infrastructure projects are underway or in the pipeline in the country. Progress has been made over the last quarter on the Duqm Airport, the Salalah Port, construction of a national rail network and the Sur independent power project (IPP). These factors indicate that Oman holds substantial potential over the medium term, and our forecasts reflect this outlook, with annual average growth of 6.26% forecast between 2011 and 2015. Despite this optimism, the recovery is still fragile, indeed, in data terms, there is little to indicate that it has taken hold yet. If Q410 data disappoints to the downside then this could indicate continued weakness in the construction sector off the back of slow real estate demand. There is further evidence that there is lingering weakness in the industry as the financial results of Oman's largest cement companies continue to disappoint. Oman Cement Company announcing a 77% drop in Q4 net profits and Raysut Cement announcing a 62% drop in Q410 sales. However, poor results were expected from the country's cement producers as oversupply in the UAE led to stiff competition and price cuts for the Omani producers. For more information or to purchase this report, go to: - http://www.fastmr.com/ Partial Table of Contents: SWOT Analysis - Oman Infrastructure Industry SWOT - Oman Infrastructure Project Finance SWOT - Oman Economic SWOT - Oman Political SWOT Market Overview - Oman Building Materials - Global Materials - Building Materials: Global Demand to Hit New Highs In 2011 - Middle East Building Materials - Key Markets To Bolster Building Materials Demand In 2011 Industry Forecast Scenario - Table: Oman Construction And Infrastructure Industry Data, 2007-2015 - Table: Oman Construction And Infrastructure Industry Data, 2012-2020 - Construction and Infrastructure Forecast Scenario Transport Infrastructure - Transport Infrastructure Overview - Key Projects Table - Transport - Table: Major Infrastructure Projects - Transport Energy and Utilities Infrastructure - Energy and Utilities Infrastructure Overview - Key Projects Table - Energy and Utilities - Table: Major Infrastructure Projects - Energy & Utilities Residential/ - Residential/ - Major Projects Table - Residential/ - Table: Major Infrastructure Projects - Commercial Construction Infrastructure Business Environment - Oman Business Environment Overview - Rewards - Risks - Regional Overview - Middle East Infrastructure Business Environment Ratings - Table: Regional Infrastructure Business Environment Ratings Project Finance Ratings - Design And Construction - Commissioning and Operating - Overall Project Finance Rating - Regional Overview - Project Finance Ratings: Outlook For Middle East - Table: Design And Construction Rating - Table: Commissioning And Operating Rating - Table: Overall Project Finance Rating Macroeconomic Outlook - Table: Oman - Economic Activity Political Outlook - Domestic Politics - Long-Term Political Outlook Company Monitor - Galfar Engineering And Contracting Global Overview Methodology - Industry Forecasts - Construction Industry - Data Methodology - New Infrastructure Data Sub-sectors - Construction - Capital Investment - Full Table of Contents is available at: -- http://www.fastmr.com/ About Business Monitor International Business Monitor International (BMI) offers a comprehensive range of products and services designed to help senior executives, analysts and researchers assess and better manage operating risks, and exploit business opportunities, across 175 markets. BMI offers three main areas of expertise: Country Risk BMI's country risk and macroeconomic forecast portfolio includes weekly financial market reports, monthly regional Monitors, and in-depth quarterly Business Forecast Reports. Industry Analysis BMI covers a total of 17 industry verticals through a portfolio of services, including in-depth quarterly Country Forecast Reports. View more research from Business Monitor International at http://www.fastmr.com/ About Fast Market Research Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156. # # # Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available. End
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