Oman booming: $78bn projects in pipeline
By staff - Fri May 25, 5:57 am
The Sultanate’s second infrastructure exhibition, Infra Oman which is to be held from October 2 to 4 in Muscat, will focus on the ambitious railway project along with airport and other infrastructure projects. The expo will also put spotlight on Oman’s new Five-Year Plan (2011-2015), as infrastructure investments continue to grow and more development projects are set to be implemented in the coming years. The Sultanate is also taking concrete measures to diversify the economy.
The new plan foresees $78 billion of expenditure, representing an increase of 113 per cent over the last five-year plan. The major infrastructure projects coming up include the Oman National Railway, Muscat’s Port Sultan Qaboos conversion into a full-fledged tourism hub, transport and airport development projects, Duqm development project, medical cities, waste management, tourism and residential projects.
To cater to these requirements, the exhibition will focus on construction requirement, infrastructure projects, power and water technologies, renewable energy and environment, heavy equipment and technology, transportation and logistics, industrial equipment and other development projects. Special sections include, affordable housing, interior design and building materials.
“Infra Oman 2012 is primarily intended to give contractors and developers an opportunity to present their projects and achievements while providing them with a one-stop shop for sourcing all their project requirements,” Melwin D’Cunha, Director of Al Nimr Expo, said.
He said the event is also meant to provide local and international companies the opportunity to introduce a range of their products, equipment, technologies and services to their target clients — the decision makers and top officials of companies in Oman’s vibrant building and construction industry. The construction intelligence partners include Ventures Onsite, Oman Projects, MiddleEast Tenders, BNC Network and Zawya.
Source: Oman Observer