Key Insights
The Oman construction market, valued at $6.82 billion in 2025, is projected to experience steady growth, driven by significant government investments in infrastructure development and a burgeoning residential sector. The Compound Annual Growth Rate (CAGR) of 3.30% from 2025 to 2033 indicates a robust expansion, fueled by ongoing projects related to transportation infrastructure, energy and utility upgrades, and commercial developments. Key growth drivers include the government's focus on diversifying the economy away from oil, creating a need for improved infrastructure to support various industries. The burgeoning tourism sector also contributes significantly to the construction market's growth, with ongoing hotel and resort constructions adding to the demand for building materials and skilled labor. While challenges such as fluctuations in global commodity prices and potential labor shortages might present some restraints, the overall outlook for the Oman construction market remains positive, with substantial opportunities for both domestic and international players.
The market segmentation reveals a diverse landscape, with Commercial, Residential, Industrial, and Infrastructure (Transportation) construction sectors all contributing significantly to the overall value. Energy and Utility construction is also a major segment, driven by the nation's need to modernize and expand its energy infrastructure. Leading companies like McDermott, Samsung Engineering, and Larsen & Toubro are actively involved, indicating a competitive market with opportunities for both large multinational corporations and local contractors. The forecast period (2025-2033) anticipates consistent growth, albeit at a moderate pace, reflecting a balanced approach to sustainable development and infrastructure expansion in Oman. This balanced approach, coupled with continuous government investment, positions Oman's construction sector for considerable expansion in the coming years.

Oman Construction Market: A Comprehensive Report (2019-2033)
This detailed report provides a comprehensive analysis of the Oman construction market, offering invaluable insights for investors, contractors, and industry stakeholders. Covering the period from 2019 to 2033, with a focus on 2025, this study unravels the market's structure, competitive landscape, and future growth potential. The report utilizes robust data and analysis to predict future trends and provide actionable strategies for success in this dynamic market. The estimated market size in 2025 is xx Million USD.
Oman Construction Market Market Structure & Competitive Dynamics
The Oman construction market exhibits a moderately concentrated structure, with several large multinational and local players dominating various segments. Market share is largely influenced by project wins, financial strength, and technological capabilities. Innovation is driven by government initiatives promoting sustainable construction practices and digital technologies. Regulatory frameworks, including building codes and licensing requirements, significantly impact market operations. The market experiences competition from substitute materials and construction methods, prompting innovation in product offerings. End-user trends, particularly towards sustainable and smart buildings, are shaping project demands. Mergers and acquisitions (M&A) activity, as evidenced by recent deals (detailed in the Key Developments section), further reshape the competitive landscape.
- Market Concentration: Moderate, with a few dominant players holding significant market share.
- Innovation Ecosystem: Growing emphasis on sustainable construction and digitalization.
- M&A Activity: Significant deals, influencing market consolidation and technological adoption. For example, the xx Million USD acquisition of a 60% stake in Oman Cement in April 2023 significantly altered market dynamics. Further M&A deal values are expected in the forecast period reaching xx Million USD.
- Regulatory Frameworks: Impact project timelines and material specifications.
- Product Substitutes: Competition from alternative materials and construction methods.
- End-User Trends: Growing demand for sustainable and smart building solutions.
Oman Construction Market Industry Trends & Insights
The Oman construction market is characterized by robust growth driven by government investment in infrastructure projects, particularly in transportation and energy. Technological disruption, including the adoption of Building Information Modeling (BIM) and prefabricated construction, is increasing efficiency and reducing project timelines. Consumer preferences are shifting towards sustainable and energy-efficient buildings, influencing material choices and design approaches. Competitive dynamics are influenced by the influx of international players and the increasing participation of local firms. The Compound Annual Growth Rate (CAGR) for the forecast period (2025-2033) is projected to be xx%, with market penetration rates varying across different segments.

Dominant Markets & Segments in Oman Construction Market
While data for precise regional breakdowns is currently unavailable, it is anticipated that infrastructure (transportation) construction will be the dominant segment, driven by government investment in road networks, railways, and ports.
Infrastructure (Transportation) Construction: Government investments in mega-projects are the primary drivers. Key projects include highway expansions and the development of new transportation hubs. This segment is projected to account for xx% of the total market in 2025.
Energy and Utility Construction: The expansion of renewable energy projects coupled with investment in traditional energy sources fuels this sector. This segment holds a significant percentage, approximately xx%, of the overall market share in 2025.
Commercial Construction: Driven by both private and public investments in office buildings, retail spaces, and hospitality projects. Projected growth is steady, accounting for roughly xx% of the market in 2025.
Residential Construction: Market growth is dependent on population growth and government initiatives aimed at improving housing affordability. It is expected to account for approximately xx% of the total market size in 2025.
Industrial Construction: Growth in industrial sectors such as manufacturing and logistics will shape market demand. This segment is anticipated to contribute roughly xx% to the total market in 2025.
Oman Construction Market Product Innovations
Recent innovations focus on sustainable materials, prefabrication techniques, and the integration of smart technologies. These advancements enhance construction efficiency, reduce environmental impact, and improve building performance. The adoption of BIM and 3D printing is gaining traction, offering competitive advantages through improved design, cost optimization, and faster project delivery.
Report Segmentation & Scope
The report segments the Oman construction market by sector: Commercial Construction, Residential Construction, Industrial Construction, Infrastructure (Transportation) Construction, and Energy and Utility Construction. Each segment's growth projections, market sizes, and competitive dynamics are thoroughly analyzed, providing a detailed understanding of the opportunities and challenges within each sector. The report also considers sub-segments within these broader categories.
Key Drivers of Oman Construction Market Growth
Government spending on infrastructure development, particularly in transportation and energy, is a major catalyst for market expansion. Rising urbanization and population growth fuel demand for residential and commercial construction. Furthermore, the adoption of innovative construction technologies and sustainable practices contributes to market growth.
Challenges in the Oman Construction Market Sector
The market faces challenges including fluctuations in global commodity prices, a shortage of skilled labor, and the potential for regulatory hurdles to slow down project timelines. Supply chain disruptions, particularly those caused by external geopolitical factors, have a tangible impact on project costs and timelines. Competition from regional and international players also poses a challenge for local firms.
Leading Players in 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
Key Developments in Oman Construction Market Sector
- May 2023: Sika acquired MBCC Group, strengthening its market position and product offerings in sustainable construction solutions.
- April 2023: Huaxin Cement acquired a 60% stake in Oman Cement for USD 193 Million, impacting market competition and cement supply dynamics.
Strategic Oman Construction Market Market Outlook
The Oman construction market presents significant long-term growth potential, driven by sustained government investment and the country's economic diversification strategy. Strategic opportunities lie in adopting sustainable construction practices, embracing technological innovation, and focusing on key infrastructure projects. The market’s future is bright, with continued expansion anticipated across all segments.
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 REPORT HIGHLIGHTS
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 3.30% from 2019-2033 |
Segmentation |
|
Table of Contents
- 1. Introduction
- 1.1. Research Scope
- 1.2. Market Segmentation
- 1.3. Research Methodology
- 1.4. Definitions and Assumptions
- 2. Executive Summary
- 2.1. Introduction
- 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. 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. 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
- 5.1. Market Analysis, Insights and Forecast - by Sector
- 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)
- 6.2.1 McDermott
List of Figures
- Figure 1: Oman Construction Market Revenue Breakdown (Million, %) by Product 2024 & 2032
- Figure 2: Oman Construction Market Share (%) by Company 2024
List of Tables
- Table 1: Oman Construction Market Revenue Million Forecast, by Region 2019 & 2032
- Table 2: Oman Construction Market Revenue Million Forecast, by Sector 2019 & 2032
- Table 3: Oman Construction Market Revenue Million Forecast, by Region 2019 & 2032
- Table 4: Oman Construction Market Revenue Million Forecast, by Country 2019 & 2032
- Table 5: Oman Construction Market Revenue Million Forecast, by Sector 2019 & 2032
- 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 2 - Approaches for Defining Global Market Size (Value, Volume* & Price*)

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

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