Under the patronage

7. 8. 9 MAY 2018

The 3rd International Exhibition for Windows, Doors, Glass, Aluminium, Facades & Sun Protection Systems

 

Why Oman?

Oman’s geographical location has placed it as business and logistic hub for traffic across continents of Europe, Asia and Africa. According to Alpen, sultanate’s population is expected to achieve a CAGR of 3.7% between 2014 and 2019, which is likely to make it one of the fastest-growing countries in the world. A Deloitte C-suite survey reported in its GCC Construction sector review that Oman is one of the most promising countries in the region in terms of tender opportunities. As per Deloitte’s 2016 report, the total value of projects planned and under construction in Oman stands at $163.5 billion.

Oman’s ninth five-year plan

(2016-2020)

Economic Diversification

• Focuses on diversification and development of the

   Omani economy

• Total public spending is expected to reach $ 172 billion

• Total revenue is expected to touch $133 billion

• Targeted total investments of $107 billion

• Estimates an average annual Gross Domestic Product

  (GDP) of  $ 74 billion

• Strong growth expected in the non-oil sectors

Construction Sector

• Oman construction sector will be worth $6 billion in 2018

• In 2016, out of the top 100 projects in the GCC, 2.4% were

   in Oman with a total value of $29.6 billion

• Ninth five-year plan has earmarked an annual allocation of

   $6.5 billion for the construction sector

• Expected to clock up a Compound Annual Growth Rate

  (CAGR) of 7.6% between 2014 and 2019

 

 

• Malaysia’s model of economic diversification will be the

  blueprint for Oman

• Focus on the key sectors – Manufacturing,

  Transportation, Logistics, Tourism, Fisheries & Mining

Major projects in progress

• Al Mawaleh Beach Resort project $1.3 billion

• Construction of Oman Convention & Exhibition Centre

   $1 billion

• Duqm fishery harbor project $150 million

• Duqm Port Commercial Quay package $230 million

• MAF’s Mall of Oman $100 million

• Marina Duqm waterfront development $712 million

• Mixed use development by Al Khonji Real Estate

• Development Company (Aqar) $1 billion

• Muscat International Airport modernization & expansion

   $5 billion

• Omagine Pearl Projects (Hotels, Amphitheatre, Offices,

   Residential Buildings) $2.5 billion

• Oman 2040 Tourism Strategy $62 billion

• Orpic’s Liwa Plastics Industrial Complex – Suhar

   $6.4 billion

• Quriyat Tourism Complex $1 billion

• Sandan Light Industrial Park project in Muscat

  $250 million

• Sino-Omani Industrial Park in Duqm SEZ $10 billion

• Tanfeedh Logistics Projects $7 billion

Bright

Outlook

• As per World Bank Report Sultanate’s real GDP will increase to 2.4 percent in 2018 and

   2.9 percent in 2019

• According to the investment report 2017 by the United Nations Conference for Trade and

   Development (UNCTAD), Foreign Direct Investment (FDI) in Sultanate zooms to $18.54 billion

• FITCH ratings have maintained a stable outlook for Oman’s banking sector

(Source: Press statements issued by the Secretariat General of the Supreme Council for Planning and the Ministry of Finance,

Oman and other reliable sources)

Head Office

Organiser

Tweets

Office No. 215, 2nd Floor

Moosa Abdul Rehman Building,

Opp. Haffa House Hotel, Ruwi

Muscat, Sultanate of Oman

Tel: +968 24783800

Fax: +968 24783500

Email: info@gecexpo.com

MEMBER

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