Market Outlook
- In 2026, the Oman market is projected to reach USD 643.9 Million.
- Our industry-aligned projections anticipate the Oman Cables Market will achieve USD 826.2 Million by 2034, with a forecasted CAGR of 3.17% during the forecast period.
Oman ICV Mandate Concentrates Cable Procurement Within Locally Registered Supply Tiers
Procurement authority in the Oman cables sector has concentrated within a select group of locally registered intermediaries and assemblers — a structural outcome produced by the In-Country Value framework administered by Oman's Ministry of Energy and Minerals and applied across oil, gas, and infrastructure project tenders. The ICV programme imposes measurable local sourcing obligations on project owners and prime contractors, channeling cable procurement away from direct international purchase orders toward vendors registered within Oman's local supplier ecosystem. Oman Vision 2040 infrastructure commitments and Petroleum Development Oman's sustained project pipeline sustain procurement volumes that keep this obligation active at scale. The more consequential analytical point is that the vendors absorbing this redirected demand are predominantly assemblers, warehousing operators, and value-addition intermediaries rather than vertically integrated domestic manufacturers — a structural workaround that satisfies ICV compliance metrics without resolving the underlying supply depth problem within the Oman cables industry.
Domestic cable manufacturing capacity within Oman's Special Economic Zones and broader industrial corridor covers standard low-voltage and control cable categories with reasonable adequacy, yet medium- and high-voltage power cable segments and fiber-optic cable architectures — precisely where project-scale procurement volumes concentrate — remain undersupplied by locally qualified manufacturers. This gap forces ICV-compliant vendors to fulfill their localization obligations through secondary arrangements: bonded warehousing of imported finished cable, limited value-addition such as cutting and testing, or partial assembly of imported components. Such arrangements satisfy the letter of the ICV framework but are unlikely to generate the manufacturing depth that sustained domestic supply competitiveness would require. The result, at least in part because procurement authority has narrowed into a thin layer of compliant intermediaries rather than dispersing across competing manufacturers, is pricing opacity across project tender cycles and constrained competitive tension within the Oman cables sector.
Beyond Compliance Optics, ICV Mandate Deepens Procurement Concentration
Oman's In-Country Value framework, administered by the Ministry of Energy and Minerals, creates a structural procurement condition in which cable buyers — primarily oil and gas project owners and infrastructure prime contractors — must direct purchase volumes toward locally registered vendors regardless of whether those vendors possess genuine manufacturing depth. The mechanism is straightforward: ICV scoring requirements embedded in project tender evaluation criteria penalize procurement from unregistered international suppliers, concentrating cable orders within a narrow tier of local assemblers and warehouse operators who satisfy compliance thresholds without producing finished cable products at project scale. Arguably the more consequential supply-side consequence is that medium- and high-voltage power cable categories — precisely the segments demanded by Petroleum Development Oman's upstream field development programme and Oman Vision 2040 transmission infrastructure projects — remain structurally dependent on imported product, meaning the ICV mandate has intensified vendor concentration without proportionally expanding domestic supply capacity in the segments where project-scale demand is most acute.
Inside Oman's Push to Localise Supply Without Matching Manufacturing Depth
Locally domiciled producers hold a structural procurement advantage over international operators in the Oman cables sector, because ICV scoring requirements embedded in project tender criteria create access asymmetries that favour vendors registered within Oman's supplier ecosystem — regardless of manufacturing scale. Oman Cables Industry SAOG, majority-owned by Prysmian Group at a 51 percent stake and operating copper and aluminium production facilities across Muscat and Sohar, is the most vertically integrated domestic entity active across low-voltage power cables, medium-voltage power cables, control cables, instrumentation cables, and overhead aluminium-conductor products. Nuhas Oman LLC, a member of the Al-Bahja Group and BASEC-certified producer of low- and medium-voltage copper cables and conductors, occupies the second domestically anchored position, directing output toward building wire, flexible control, and armoured power cable categories where local project procurement is concentrated. These two established suppliers contend with international vendors — most notably Ducab, the Dubai Cable Company — that have acquired direct Omani manufacturing presence. Ducab's acquisition of National Cable Factory, giving it a production base in the port city of Salalah, introduced a cross-border operator into the local registered-supplier tier, enabling the company to compete across low-voltage, medium-voltage, instrumentation, and control cable categories under conditions that may satisfy ICV compliance thresholds. Nexans, present across the wider Gulf region through authorised distribution and direct project supply, engages in the higher-specification fiber-optic cable, RF feeder cable, and large-scale project purchase segments where domestic manufacturers cannot yet fulfil technical requirements at tender scale.
Across the vendor field as a whole, the dominant pattern in 2025 and into 2026 has been a bifurcation between ICV-compliant procurement tiers — which are absorbing standard copper-conductor power, control, and instrumentation cable volumes through locally registered channels — and specification-driven import channels, which retain a structural hold on medium- and high-voltage project lots, fiber-optic loose-tube and ribbon architectures, and hybrid power-fiber cable formats demanded by Oman Vision 2040 transmission and digital infrastructure programmes. What this field-level pattern indicates, at least in part because domestic manufacturing capacity remains bounded in the segments where Petroleum Development Oman's upstream programme generates the largest high-volume and mega-scale purchase orders, is that established international suppliers retain non-discretionary access to the upper specification tiers even as the ICV framework compresses their access to standard product categories.
Ducab's acquisition of National Cable Factory in Salalah is arguably the more consequential competitive development now reshaping vendor positioning, because it inserts a well-capitalised regional manufacturer into the locally registered supply tier — competing directly with Oman Cables Industry and Nuhas Oman for ICV-compliant procurement volumes — while simultaneously possessing the product range and certification depth to contest higher-specification tenders. The ICV mandate has effectively hardened the boundary between these two competitive tiers, meaning suppliers without Omani manufacturing registration face a structurally narrowing addressable procurement base even as project-scale demand in the fiber-optic, high-voltage, and hybrid cable segments remains structurally import-dependent.
Market Scope
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