Construction

Oman to award $65bn in projects over next four years

Projects to be awarded double the combined value of projects awarded over last five years

Oman is expected to award $65bn in projects between 2013 and 2017.

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Oman has announced that it will award as much as $65 billion worth of projects between 2013 and 2017, which is double the combined value of projects awarded over the last five years.

Among the projects at the forefront of Oman’s aggressive expansion program are BP’s $15 billion Khazzan tight gas project, the development of a $10 billion refinery and petrochemical complex at Duqm and a nationwide railway construction project.

Some of the largest projects expected to be completed this year include the $560 million Sohar Steel Complex Expansion (Phase 3) and the $480 million Musandam Oil & Gas Processing Plant.

Capturing a bigger share of Oman’s projects market will be among the highlights of the forthcoming Oman Projects Forum 2013, which will address the latest project developments, opportunities as well as in-country value initiatives across the sultanate’s energy and non-energy related infrastructure market.

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