$145 billion worth of projects under way in Oman

 

 

By A Business Reporter
MUSCAT — Oman’s projects market is set to receive a massive boost as the Sultanate ramps up its investment in turnkey projects over the next few years with 2015 witnessing an influx of up to $26 billion in capital expenditure and pipeline opportunities including the latest Duqm developments valued at $12.5 billion and fisheries harbours valued at $13.6 billion respectively. As much as $145 billion worth of projects are currently under way or will be awarded in Oman, according to MEED projects, the region’s leading projects tracker.
Among the projects at the forefront of Oman’s aggressive expansion programme are $26 billion Khazzan & Makarem Fields projects, Oman’s Suwaiq IWPP and Haima Solar Thermal Hybrid Power Plan.
Furthermore, $13 billion are to be invested in the Takamul downstream project and ORPIC’s Liwa Plastic Project Initiative with another $12 billion dedicated solely to the development of Duqm as the new energy, industrial, residential and tourism and leisure hub in Oman. 
As such, these and other project opportunities will be the focus of the upcoming MEED Oman Projects Forum 2014, which is held with the support of the Ministry of Commerce and Industry and puts an emphasis on In-Country Value initiatives and the associated requirements for those wishing to capture a share of what is quickly becoming a lucrative and astounding positive economic movement within the Sultanate of Oman.
The Forum, to be held on October 27-29, 2014 at the Al Bustan Palace — A Ritz Carlton Hotel, is designed to provide attendees with exclusive and valuable insights on how to capture a share of Oman’s mega projects by adhering to in-country value requirements.
Dr Ali bin Masoud al Sunaidy, Minister of Commerce and Industry, Oman will deliver the keynote address highlighting the milestones of the country’s economic progress and identifying the priority sectors for investment in the next few years. In addition his address will outline the key initiatives to promote In-Country Value across Oman’s sectors as well as spending forecasted for 2015 and associated priority areas.
Key government agencies will present a snapshot of opportunities across Oman’s high growth sectors as well as the strategic road maps for the development of each sector.
The first day of the Forum will dedicate considerable focus during the morning to analysing the macroeconomic trends and the drivers of the Omani economy as well as a thorough review of the expected outlook for Oman’s economy. Over 50 speakers including government representatives, project owners, engineering consultants, contractors and financiers will give insight on the latest project opportunities across Oman’s infrastructure, transport, oil, gas, power, water and heavy industry sectors, and the critical procurement models to win these.
“MEED’s Oman Projects Forum 2014 presents a detailed overview of the Sultanate’s economy, the priority sectors and budget for the coming years. More importantly, it provides an insight into the Omani planned budget and a sector-by-sector analysis by value, stages and timelines. As such it is an important meeting for those interested in gaining a foothold in or winning a bigger share of Oman’s projects,” said Edmund O’ Sullivan, Chairman, MEED Events, organisers of the forum. (OEPPA Business Development Dept)