Five minutes with Nasreddin Daud, Parsons Oman
Nasreddin Daud, Area manager – Parsons Oman said the main challenges facing consultants in the Sultanate include staying within budget and ensuring timely payment from clients
How was business for Parsons in Oman during 2015?
Business in Oman was good during 2015. Parsons has several projects ongoing in the Sultanate. We have also secured several new project awards, including multiple pedestrian bridges in Muscat; two vital road corridors and intersections at the Port of Al Duqm; design modifications to roads in Madinat Al Sultan Qaboos; the widening of Muscat Expressway; the landscape master plan and design for two precincts at Al Mouj Muscat; and the traffic impact assessment for Muscat’s Madinat Al Irfan development.
How has business in Oman been for Parsons so far in 2016?
Given the low oil price, the Sultanate is making careful decisions about spending levels. This will inevitably affect the activities of Parsons’ customers and other key players in Oman’s engineering market. Nevertheless, our performance so far in 2016 has been good, overall.
What are the main challenges?
The main challenges facing consultants operating in Oman include staying within budget and ensuring timely payment from clients.
What could the government do to help the situation?
Number one, the government needs to keep the cash flowing. Cash flow is an absolute necessity for construction. The market is tightening its belt as it has a lot of expenditures. However, we don’t want to borrow right now. Secondly, if the approval process for contract changes and variations could be expedited, it would help matters.
What are Parsons’ main longer- term opportunities in Oman?
Our market segments are constantly evolving in response to economic drivers. Nevertheless, Parsons’ main opportunities in Oman involve a number of its core markets, including roads, bridges, infrastructure, buildings and land development, industrial, and oil and gas projects.
What are Parsons’ priorities in Oman for the coming year?
Parsons will continue to focus on the seamless delivery of its existing projects in the Sultanate. We will also work to maintain competitiveness and quality. The delivery of solutions that meet our clients’ needs for cost-saving alternatives will play a key role in our corporate strategy. At the same time, we must take measures to secure timely payments and ensure that we remain lean and agile.