Building boom in Oman

Muscat: The Oman construction industry is expected to hit 1.57 billion Omani riyals (Dh14.97 billion) by 2013 — a 2.7 per cent annual increase, and is likely to remain high, according to Business Monitor International (BMI), a leading research company in the Middle East.

It also estimates Oman's construction industry will account for 5.2 per cent of GDP in 2009, which represents real growth of 2.67 per cent year-on-year.