The concrete block factory is a project that relies on the idea of establishing a factory in the Sultanate of Oman, which manufactures hollow concrete blocks in standard measurements, with high quality and competitive prices that align with all targeted sectors in the local market such as contracting companies and real estate investment companies, among others. “Mashroo’3k” Consultations Company confirms that the concrete block factory will be able to compete and achieve continuity and sustainability, as it will be capable of capturing its share of the market due to the availability of necessary raw materials for the manufacturing process such as cement, sand, and gravel, in addition to the support from the Sultanate for industrial projects that align with the 2040 Vision.
In the year 2020, the market size for the manufacturing of concrete bricks and blocks was approximately 339.59 billion US dollars, and the market is expected to expand at a compound annual growth rate of 5.7%, reaching a market value of 588.15 billion US dollars by the year 2030.
The ‘Mashroo3k’ consulting company recommends investing in a concrete block factory. In the Sultanate of Oman, this is due to the government’s direction towards building a diversified economy that enhances the contribution of non-oil sectors to the gross domestic product. It is noteworthy that the number of building permits in the Sultanate for the year 2019 reached 23,780 permits and increased in 2020 to reach 31,379 permits, which signifies a 32% increase in the total number of building permits.
