Oman has $3.11bn projects underway or planned

Dr Jayant M. Deshpande, director of the CAD division at Omnix

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Oman has $3.11bn worth of projects underway or being planned, according to a recent report from Business Monitor International (BMI).

The construction industry is growing at 2.1% a year, with the momentum infrastructure investment expected to boost this to 5.06% real growth by the end of the year.

Oman’s five-year spending plan for the period 2011 to 2015 has an estimated budget of $77.9bn, representing a 113% increase. Of this total figure, $15.58bn will be allocated to the oil industry and $7.79bn will be allocated to property development.

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FEATURED COMMENT I have been in Oman since 1984 when the GCC meeting was held and seen the development of many projects , Roads and bridg   1 Comments Read more comments »

“Oman, like the rest of the Middle East region, is striving to recover from the recent economic downturn. The move towards recovery has been marred with key issues like retaining manpower and the need to meet project deadlines,” said Dr. Jayant M. Deshpande, director of the CAD division at Omnix.

Omnix International, a leading BIM solution provider, will be hosting a seminar entitled ‘Autodesk Live Event 2012’ on 21 September at the Crowne Plaza Muscat in Oman.