"Oman Infrastructure Report Q4 2013" Published
Having registered very volatile growth that has periodically reached impressive highs since 2001, Oman's construction industry has now started to slow. Oman's Central Bank reported construction industry real growth of 1.6% and 1.9% in 2011 and 2012 respectively, which has prompted us to revise down our forecast for 2013 to 2.2%. Despite an extensive pipeline of infrastructure projects, several of them are reaching completion which will likely sap momentum from the industry. We expect moderate growth to be maintained in...
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