Oman plans PPP program due to oil prices crisis

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Oman plans PPP program due to oil prices crisis

Due to lower oil prices, Oman has plans to boost the use of the public private partnership (PPP) model to mobilize infrastructure investments from the private sector.

According to local sources, due to the fact that oil revenues in Oman are falling, the government is currently developing a new investment law and frameworks for PPP and private investments for wastewater, health, housing schemes. These measures aim to reduce the the financial burden of public services and promote the private sector.

Additionally, the government is developing the 9th five-year plan for 2016 to 2020, which is expected to involve the private sector. The proposed plan will focus on logistics and transportation, manufacturing, minerals, tourism, and agriculture & fisheries.

Dr Ali Massoud Al Sunaidy, the Minister of Commerce & Industry of Oman, stated:

"In the future, our experience in liberalising power generation, water production and communications will pave the way for the privatization of other service and utilities. In the discussions of the 9th five-year plan, there is no better time to drive privatization further, and provide the foundation for a new era of public private partnership."

This year we have reported on three PPP projects in the country: the Duqm permanent accommodation for contractors (PAC) project, the Sohar independent water project (IWP), and the Barka independent water project (IWP).

List of country news

Country news

  • November 10, 2015

    Arqaam Capital's infra fund sells stake in Sembcorp Salalah Power and Water Plant

    Arqaam Capital has announced the exit from its infrastructure fund's investment in Oman's Sembcorp Salalah Power and Water Company SAOG (SSPWC) through  a trade sale to the Diwan of Royal Court Pension Fund, Sultanate of Oman. Read more
  • November 23, 2015

    Oman to appoint consultants to set up PPP unit

    Oman has launched a tender process to appoint a consultant to set up a public private partnership (PPP) unit. Read more
  • December 14, 2015

    Oman launches RFQ for water desalination PPP project

    The Oman Power and Water Procurement Company SAOC (OPWP) has launched a request for qualification (RFQ) to develop a desalination PPP project. Read more

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