PROJECTS: Oman project tenders down 55 percent in 2021

They covered health, airports and roads

  
Image used for illustrative purpose. Aerial view of Muscat, Oman traffic.

Image used for illustrative purpose. Aerial view of Muscat, Oman traffic.

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Projects awarded in Oman slumped by nearly 55 percent in 2021 due to the spread of coronavirus, according to official data. 

Despite a rebound in oil prices, the value of tenders issued by the government stood at 252.5 million Omani rials ($656.5 million) in 2021 compared with 392.2 million rials ($1.019 billion) in 2020, showed the figures published by the official Omani news agency. 

A large part of the projects awarded by the Gulf state’s Tender Board involved completion of projects mainly infrastructure, the report said. 

The health sector emerged as the largest beneficiary in 2021, with a project value of 37 million rials ($96.2 million), the report showed. 

Airport projects, including runway expansions at Muscat Airport, were valued at 21.7 million rials ($56.4 million) while road projects were worth nearly 19.1 million rials ($49.6 million), it said. 

(Writing by Nadim Kawach; Editing by Anoop Menon)

(anoop.menon@refinitiv.com

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© ZAWYA 2022


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