CW In Focus | The state of Oman's construction sector in 2019
How can Omani contractors overcome the price war and succeed in the sultanate? Watch this video to find out
Oman’s construction industry is facing a price war as contractors quote lower bid prices on tenders to secure work as opportunities dry up in the sultanate, Douglas OHI's boss, Aaron Hennessy, says in this video.
Hennessy, general manager of the local contractor – which was a two-time winner at the Construction Week Oman Awards 2019 – said some firms are in a race to the bottom and conceded a price war is ongoing in the sector at present.
However, Douglas OHI has – so far – successfully avoided the price war and liquidity pains plaguing other contractors in the market.
In this video, Construction Week's deputy editor, Oscar Rousseau, delves into the Omani contracting market's challenges, and how Douglas OHI has overcome these hurdles to win two notable trophies at the CW Oman Awards 2019.
Construction Week In Focus is a twice-weekly bulletin of the Middle East's top news from the real estate development and contracting sectors. The series is hosted on Construction Week's YouTube channel, alongside weekly series published by its sister titles. The latter includes MEP Engineered by MEP Middle East, FM Live by facilities management Middle East, and Heavy Metal by PMV Middle East.
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Construction Week In Focus episodes are published each Sunday and Wednesday. Heavy Metal episodes are published on Mondays, and FM Live updates are presented on Tuesdays. MEP Engineered rounds off the week each Thursday. All videos are published at 4.30pm Dubai time.