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 harbors 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 project.
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.
Ifpinfo
20 October
