Tuesday 09 / June / 2026
The workshop reviews investment opportunities in light of urban expansion and major development projects
The construction materials market size in the Sultanate of Oman ranges between $206 million and $300 million, according to economic data
The architectural and decorative segment accounts for the largest share of the market at 85%
Muscat: The Ministry of Commerce, Industry and Investment Promotion (MoCIIP), represented by the Competition and Monopoly Prevention Centre, today held a specialised workshop to discuss and study the construction materials sector in the Sultanate of Oman. The workshop, which runs over two days, is held within the framework of a strategic partnership and ongoing cooperation with the United Nations Economic and Social Commission for Western Asia (ESCWA), with wide participation from senior officials, experts, and representatives of relevant government and regulatory entities.
The workshop aims to verify the accuracy of the analysis through inputs from relevant stakeholders and their practical expertise, as well as to engage stakeholders in developing actionable and implementable recommendations, contributing to enhancing the efficiency of the Omani market and improving its competitiveness.
Preliminary study results indicate that economic data show the size of the construction materials market in the Sultanate of Oman ranges between $206 million and $300 million, while the architectural and decorative segment holds the largest share of the market at 85 per cent. The cables and electrical wires sector also has strong manufacturing and export capabilities, led by major companies with a production capacity exceeding 120,000 tonnes, with Oman’s products reaching more than 50 countries worldwide, supported by strong technical certifications and a solid track record in major projects.
Ahmed bin Salim Al Rasbi, Director General of the Competition and Monopoly Prevention Centre at MoCIIP, stated that the workshop represents an advanced stage following the completion of the first phase of the comprehensive study of the construction materials sector. This phase focused on analysing market structure, competition dynamics, and identifying challenges affecting sector efficiency. He noted that the first phase included presenting the adopted methodology, the institutional, legal, and regulatory framework, in addition to the macroeconomic background and analysis of sub-markets. He explained that the current workshop moves into the stage of practical validation and formulation of recommendations through stakeholder engagement in evaluating findings and completing qualitative aspects.
He pointed out that the data indicate promising growth prospects, with the cement and clinker market valued at $465.5 million and an expected annual growth rate of 4.8% until 2029, while local production in the iron and steel sector reaches around 3 million tonnes annually, concentrated in the Sohar Industrial Complex.
