In recent years, Oman has invested heavily in construction projects spanning aviation, shipping, logistics, and infrastructure, leading to the market expecting a growth of six per cent over the forecast period of 2019-24.
Oman’s strong drive to diversify their economy is a significant factor driving the growth of the market, with 2,410 active construction projects in the sultanate, with a combined value in excess of US$190bn.
With a significant pipeline of construction projects and a growing market, the Royal Institution of Chartered Surveyors (RICS) recently hosted a seminar to discuss best practices in the sultanate’s construction industry at the National University of Science & Technology.
Held in collaboration with the Oman Society of Engineers and the Oman Professional Engineers Network, the event looked at ways standardisation can effectively improve the construction industry, with RICS’ Global Director of Built Environment Professionals Groups, Alan Muse highlighting the importance of International Construction Measurement Standards (ICMS) and how they can be implemented in Oman.
Over 80 industry experts, including representatives from Ministry of Transport, Oman Tenders Committee and from professional institutions such as ICE, CIOB and REBA, gathered to discuss the lack of standardisation in construction services leading to increased inconsistency in the industry.
At the event, the second edition of the International Construction Measurement Standards was also introduced to the delegates. Following industry feedback, a 50 strong global coalition of professional bodies, including RICS, developed the second edition of ICMS to incorporate lifecycle costs that enables practitioners to classify construction costs across the whole project life-cycle.