The Sultanate of Oman is considered as one of the fastest-growing countries in terms of infrastructure development. The country’s five-year plan and Vision 2040 program outline the roadmap to diversifying the economy through increased government spending on key non-oil sectors and stimulating private investments in various sectors including the construction industry.
Oman has become a sought-after destination for investment, buoyed by its dynamic construction market that is expected to witness a 6% CAGR between 2019 and 2024.
Project Oman, the International Construction Technology, Infrastructure and Building Materials Exhibition, is the latest addition to IFP Group’s “Project Series” comprising premier construction exhibitions across the Middle East and Africa. The exhibition underlines investment opportunities in Oman and optimizes international trade relations and business partnerships.
Private Iinvestment Sector
- Oman’s construction & infrastructure market is expected to be active in the coming years and currently has $327.63 billion worth of projects, according to ProTenders analysis.
- The construction industry accounts for a 9% share of Oman’s GDP and is the country’s largest employer.
- There is a total of 2,410 active construction projects in Oman, with a combined value in excess of $190 bn.
Oman Convention and Exhibition Centre
The Oman Convention & Exhibition Centre is located in its own fully integrated precinct only four kilometers from Muscat International Airport. Architecturally advanced in design and capability, this world-class venue is amongst the first to be built to meet the rigorous LEED certification by the U.S. Green Building Council. The Centre ensures a flow of the meeting spaces to suit the most discerning conference and exhibition organizers. It also incorporates expansive concourse areas to enable ease of large delegations with floor to ceiling windows overlooking landscaped gardens and water features.
The exhibition will be held from 23 – 25 October 2023, at the Oman Convention and Exhibition Centre.