Oman Commercial Construction Market is expected to register a 3.6% CAGR through 2030F

The Oman Commercial Construction Market is rising due to government-led infrastructure developments, economic diversification under Vision 2040, and increasing investments in tourism, retail, and industrial projects during the forecast period 2026-2030F.

According to TechSci Research report, “Oman Commercial Construction Market - By Region, Competition Forecast & Opportunities, 2030F, Oman Commercial Construction Market was valued at USD 21.5 Billion in 2024 and is expected to reach at USD 26.82 Billion in 2030 and project robust growth in the forecast period with a CAGR of 3.6% through 2030. The Public-private partnerships (PPPs) have become an increasingly important driver of the Omani commercial construction market. The government is actively encouraging private sector involvement in large-scale infrastructure and commercial projects to meet the growing demand for development while managing financial risks effectively. PPPs allow for the efficient allocation of resources and expertise between the public and private sectors, ensuring that projects are delivered on time and within budget. These partnerships are particularly relevant for commercial construction in Oman, where public funds are being channeled into essential infrastructure like roads, utilities, and public facilities, while private companies take the lead on developing commercial real estate. The collaboration between the public and private sectors is crucial in attracting foreign investments, as investors are more likely to participate in projects with shared risks and returns. Key commercial projects, including office buildings, retail spaces, and hotels, are being developed through these partnerships, contributing to the expansion of Oman's urban landscapes. With the government's continued focus on PPPs, the commercial construction market in Oman is expected to see sustained growth, as both sectors work together to develop modern and sustainable infrastructure to meet the needs of businesses and residents alike.

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The Musandam region is emerging as the fastest-growing area in the Oman Commercial Construction Market, driven by its strategic geographic location, economic development, and growing regional importance. Situated at the tip of the Arabian Peninsula, Musandam serves as a vital link for maritime trade and logistics between the Arabian Gulf and the Strait of Hormuz, making it an attractive area for commercial and industrial developments. The region’s proximity to the UAE and key international shipping routes has resulted in an increased focus on developing infrastructure, particularly in transportation, logistics hubs, and ports. The government’s emphasis on developing Musandam’s infrastructure as part of the broader Vision 2040 strategy, which includes enhancing the region’s connectivity to boost trade, is a significant driver of commercial construction. Additionally, the ongoing development of the **Khasab Port** and other transportation projects is expected to spur demand for commercial spaces, such as retail outlets, office buildings, and logistics facilities. As the region becomes more integrated into the global supply chain, there is a growing need for modern facilities to accommodate businesses, leading to an increase in commercial real estate development. Furthermore, Musandam's potential for tourism, with its scenic landscapes and unique location, is encouraging investment in hospitality infrastructure, including hotels, resorts, and tourism-related facilities. The region’s economic diversification efforts, including expanding industries like manufacturing and fisheries, further contribute to the demand for commercial construction. As these sectors grow, there is an increasing need for office spaces, warehouses, and retail properties, positioning Musandam as a rapidly developing region with immense potential in the commercial construction market.

In 2024, Based on Construction Type, Renovation segment is the fastest-growing segment in the Oman Commercial Construction Market, driven by several factors related to the evolving needs of businesses and the country's broader economic goals. As Oman continues to develop and modernize its infrastructure under Vision 2040, there is a growing focus on upgrading existing commercial properties to meet new standards of sustainability, efficiency, and modern aesthetics. Many older buildings, particularly in urban centers like Muscat, are being renovated to accommodate the increasing demand for high-quality office spaces, retail outlets, and hospitality venues. These renovation projects are driven by the need for businesses to keep pace with technological advancements, enhance energy efficiency, and meet the expectations of a more environmentally conscious workforce. Furthermore, businesses in Oman are increasingly focusing on sustainability, with many opting for energy-efficient systems, smart building technologies, and green certifications for their office spaces. This shift towards renovation is also a more cost-effective alternative to new construction, as developers and property owners are leveraging existing structures to save on both time and resources, while still meeting the growing demand for modern, flexible spaces. Additionally, as Oman’s economy diversifies and more international companies establish a presence in the country, there is a need to revamp older commercial properties to meet international standards. The government’s push towards infrastructure development and urban renewal, especially in key commercial districts, further supports the growth of the renovation segment. With the increasing emphasis on sustainability, cost-efficiency, and modernity, the renovation segment is expected to continue its rapid growth, providing a sustainable solution to meeting the rising demand for commercial spaces in Oman.

Key market players in the Oman Commercial Construction Market are: -

• Galfar Engineering & Contracting SAOG
• Sarooj Construction Company
• Atlantic Construction LLC
• Abrar Middle East LLC
• Oman Gulf Company
• Al Arkan Construction LLC
• Dawood Contracting LLC
• Al Rawahi International Co. LLC
• Al Nab’a Infrastructure LLC
• MNT Construction Company LLC

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“The Oman Commercial Construction Market offers significant opportunities driven by the country’s economic diversification goals under Vision 2040. Key opportunities include the growing demand for mixed-use developments, combining residential, office, retail, and leisure spaces in urban centers like Muscat. The rise of sustainable building practices presents an opportunity for developers to capitalize on eco-friendly and energy-efficient construction projects. Additionally, Oman’s expanding tourism sector creates demand for hospitality developments, such as hotels and resorts, especially in popular tourist regions. With increasing foreign investments, there is also a growing need for modern office spaces and commercial properties tailored to international businesses. The government’s infrastructure initiatives, including transportation and logistics projects, further open avenues for commercial developments in various regions. These factors position the Oman Commercial Construction Market as a highly lucrative sector for both domestic and international investors.Top of Form” said Mr. Karan Chechi, Research Director of TechSci Research, a research-based global management consulting firm.

“Oman Commercial Construction Market By Sector (Healthcare & Medical Facilities, Educational Institutions, Hospitality, Retail Outlets, Corporate Offices, Others), By Construction Type (New Construction, Renovation, Repair & Maintenance), By End-User (Private, Public), By Region, Competition Forecast & Opportunities, 2020-2030F” has evaluated the future growth potential of Oman Commercial Construction Market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Oman Commercial Construction Market.

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