Title :
Important Cautions Research about Chinese-Funded Construction Companies Bidding on Omani Construction Project
Author_Institution :
Lanzhou Jiaotong Univ., Lanzhou, China
Abstract :
As one of the six Gulf countries, Oman invested heavily in infrastructure construction every year. Many Chinese enterprises want to be able to enter the Omani construction market. Although there are some Chinese companies have undertaken a number of construction projects, the vast majority of them did not get expected benefits, or even had a loss. Analyzing the reasons is mainly because there is its peculiarity in Omani construction market, and the Chinese companies are unfamiliar with local policies and regulations after entering the market, resulting in economic losses. Based on analysis and research of the Omani construction market, this paper provides guidance and help for Chinese enterprises to enter the market and undertake construction projects in Oman.
Keywords :
civil engineering; government policies; international finance; investment; project engineering; socio-economic effects; tendering; Chinese-funded construction companies; Oman; bidding; caution research; construction project; economic losses; investment; local policies; local regulations; Companies; Contracts; Government; Industries; Investment; Personnel;
Conference_Titel :
Computational Sciences and Optimization (CSO), 2014 Seventh International Joint Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4799-5371-4
DOI :
10.1109/CSO.2014.144