Anthony Pereira, chartered member of the Chartered Institute of Building (CIOB) and Construction Week Oman Awards 2017 judge, offers his assessment of Oman’s construction market.
How would you assess the performance of Oman’s construction market in 2016?
The oil price crash and the world oil surplus, which continued throughout last year, meant that 2016 was a tough year for Oman’s construction market. This was reflected by the many retrenchments that were made in the sultanate.
Prior to 2016, the industry was driven by strong government infrastructure spending, as well as oil and gas development projects. It is nevertheless important to note that several important projects were delivered last year, such as Oman’s 400kV main grid networks…Continue reading »
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