The Market Competitiveness and Risk Analysis in the Construction Industry in Oman
Abstract
This paper explores the challenges facing the construction industry in Oman. Factors such as delays, cost overruns, and quality issues introduce uncertainty and risk into investments. Through a sampling of 30 construction companies, this study assesses the current market prospects, including size, demand, and supplier efficiency. The analysis aims to identify market performance gaps, enabling projects to strategically position themselves and develop competencies to outperform competitors sustainably. Emphasizing the importance of risk management and meeting market expectations, this research offers insights into enhancing competitiveness and mitigating potential pitfalls in the construction sector of Oman.
Full text article
References
Al Rashdi, A. (2012). A strategic framework for the further enhancement of the standard forms of construction contract in the Sultanate of Oman. University of Salford (United Kingdom).
Amrullah, Kaltum, U., Sondari, M. C., & Pranita, D. (2023). The Influence of Capability, Business Innovation, and Competitive Advantage on a Smart Sustainable Tourism Village and Its Impact on the Management Performance of Tourism Villages on Java Island. Sustainability, 15(19), 14149. https://doi.org/10.3390/su151914149
Manafe, M. W. N., Rizani, A., Purnawati, E., & Harsono, I. (2024). Analysis of the Influence of Technical Expertise, Market Orientation, Social Capital, and Innovation on the Performance of Micro and Small Businesses in the Technology Sector. International Journal of Business, Law, and Education, 5(1), 983-995. 10.56442/ijble.v5i1.493
Anthony Babicci, C. (2021). CASE STUDIES OF BANKING INDUSTRY REGULATORY REFORM, TRANSFORMATION AND MERGERS IN OMAN (Doctoral dissertation, Mahidol University).
Al-Shidhani, S. S. (2021). The Contemporary Public Market: A Sustainable Design Approach to Low-Cost Operating Public Markets in Oman. University of Washington.
Baierle, I. C., Benitez, G. B., Nara, E. O. B., Schaefer, J. L., & Sellitto, M. A. (2020). Influence of open innovation variables on the competitive edge of small and medium enterprises. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 179. https://doi.org/10.3390/joitmc6040179
Ozbekler, T. M., & Ozturkoglu, Y. (2020). Analysing the importance of sustainability‐oriented service quality in a competition environment. Business Strategy and the Environment, 29(3), 1504-1516. https://doi.org/10.1002/bse.2449
Iskandar, Y., & Kaltum, U. (2022). Entrepreneurial competencies, competitive advantage, and social enterprise performance: A literature review. In International Conference on Economics, Management and Accounting (ICEMAC 2021) (pp. 192-203). Atlantis Press. 10.2991/aebmr.k.220204.020
Dodanwala, T. C., & Santoso, D. S. (2024). Critical Factors Influencing the Bid/no-Bid Decisions of Small and Medium-Sized Contractors in Sri Lanka. International Journal of Construction Education and Research, 1-26. https://doi.org/10.1080/15578771.2024.2332237
Hoeft, M., Pieper, M., Eriksson, K., & Bargstädt, H. J. (2021). Toward life cycle sustainability in infrastructure: the role of automation and robotics in PPP projects. Sustainability, 13(7), 3779. https://doi.org/10.3390/su13073779
Oliver Yébenes, M. (2024). Climate change, ESG criteria, and recent regulation: challenges and opportunities. Eurasian Economic Review, 1-34. https://doi.org/10.1007/s40822-023-00251-x
Shankar, R., & Gupta, L. (2024). An integrated AI framework for managing organizational risk and climate change concerns in the B2B market. Industrial Marketing Management, 117, 173-187. https://doi.org/10.1016/j.indmarman.2023.12.019
Nygaard, A. (2024). Green SWOT Analysis. In Green Marketing and Entrepreneurship (pp. 113-135). Cham: Springer International Publishing.
Shishehgarkhaneh, M. B., Moehler, R. C., Fang, Y., Aboutorab, H., & Hijazi, A. A. (2024). Construction supply chain risk management. Automation in Construction, 162, 105396. https://doi.org/10.1016/j.autcon.2024.105396
Lawrence, J., Blackett, P., & Cradock-Henry, N. A. (2020). Cascading climate change impacts and implications. Climate Risk Management, 29, 100234. https://doi.org/10.1016/j.crm.2020.100234
Hochrainer-Stigler, S., Bachner, G., Knittel, N., Poledna, S., Reiter, K., & Bosello, F. (2024). Risk management against indirect risks from disasters: A multi-model and participatory governance framework applied to flood risk in Austria. International Journal of Disaster Risk Reduction, 104425. https://doi.org/10.1016/j.ijdrr.2024.104425
Mahjour, S. K., & Faroughi, S. A. (2023). Risks and uncertainties in carbon capture, transport, and storage projects: A comprehensive review. Gas Science and Engineering, 205117. https://doi.org/10.1016/j.jgsce.2023.205117
Mahardhani, A. J. (2023). The Role of Public Policy in Fostering Technological Innovation and Sustainability. Journal of Contemporary Administration and Management (ADMAN), 1(2), 47-53. https://doi.org/10.61100/adman.v1i2.22
Liu, Z., He, S., Men, W., & Sun, H. (2024). Impact of climate risk on financial stability: Cross-country evidence. International Review of Financial Analysis, 92, 103096. https://doi.org/10.1016/j.irfa.2024.103096
Farooq, U., Al-Gamrh, B., & Dai, J. (2024). Green drives greenbacks: The impact of sustainable innovation on corporate cash holdings in BRICS nations. Journal of Cleaner Production, 436, 140533. https://doi.org/10.1016/j.jclepro.2023.140533
Alalawi, G. N. S. (2020). The influence of entrepreneurship orientation on Omani SMEs’ Performance (Doctoral dissertation, University of Plymouth).
Allioui, H., & Mourdi, Y. (2023). Exploring the full potential of IoT for better financial growth and stability: A comprehensive survey. Sensors, 23(19), 8015. https://doi.org/10.3390/s23198015
Mitra, A., & Shaw, R. (2023). Systemic risk from a disaster management perspective: A review of current research. Environmental Science & Policy, 140, 122-133. https://doi.org/10.1016/j.envsci.2022.11.022
Habbal, A., Ali, M. K., & Abuzaraida, M. A. (2024). Artificial Intelligence Trust, Risk and Security Management (AI TRiSM): Frameworks, applications, challenges, and future research directions. Expert Systems with Applications, 240, 122442. https://doi.org/10.1016/j.eswa.2023.122442
Authors
This work is licensed under a Creative Commons Attribution 4.0 International License.
- The Author shall grant to the Publisher and its agents the nonexclusive perpetual right and license to publish, archive, and make accessible the Work in whole or in part in all forms of media now or hereafter known under a Creative Commons Attribution 4.0 License or its equivalent, which, for the avoidance of doubt, allows others to copy, distribute, and transmit the Work under the following conditions:
- Attribution: other users must attribute the Work in the manner specified by the author as indicated on the journal Web site;
With the understanding that the above condition can be waived with permission from the Author and that where the Work or any of its elements is in the public domain under applicable law, that status is in no way affected by the license.
- The Author is able to enter into separate, additional contractual arrangements for the nonexclusive distribution of the journal's published version of the Work (e.g., post it to an institutional repository or publish it in a book), as long as there is provided in the document an acknowledgement of its initial publication in this journal.
- Authors are permitted and encouraged to post online a pre-publication manuscript (but not the Publisher's final formatted PDF version of the Work) in institutional repositories or on their Websites prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (see The Effect of Open Access). Any such posting made before acceptance and publication of the Work shall be updated upon publication to include a reference to the Publisher-assigned DOI (Digital Object Identifier) and a link to the online abstract for the final published Work in the Journal.
- Upon Publisher's request, the Author agrees to furnish promptly to Publisher, at the Author's own expense, written evidence of the permissions, licenses, and consents for use of third-party material included within the Work, except as determined by Publisher to be covered by the principles of Fair Use.
- The Author represents and warrants that:
- The Work is the Author's original work;
- The Author has not transferred, and will not transfer, exclusive rights in the Work to any third party;
- The Work is not pending review or under consideration by another publisher;
- The Work has not previously been published;
- The Work contains no misrepresentation or infringement of the Work or property of other authors or third parties; and
- The Work contains no libel, invasion of privacy, or other unlawful matter.
- The Author agrees to indemnify and hold Publisher harmless from Author's breach of the representations and warranties contained in Paragraph 7 above, as well as any claim or proceeding relating to Publisher's use and publication of any content contained in the Work, including third-party content.
This work is licensed under a Creative Commons Attribution 4.0 International License.
Article Details
Accepted 2025-09-01
Published 2025-09-30