"The demand for cement continues to be good in view of government spending on infrastructure projects.”
The country’s construction sector has been boosted by commercial, residential and infrastructure projects, including Oman’s new five-year spending plan (2011-15), which foresees US$78bn invested in hospitals, education and roads.
Oman also recently announced that US$8bn will be spent on property developments including hotels, a shopping mall and a convention centre.
The country’s largest property development, the US$3bn Wave Muscat is also on track, say developers.