The
condition of the company is based on the financial growth of current market
analysis which shows the relative increase in the production and net revenue of
the company. The competition was held by the haya water which was represented
by the general directorate of Oman. The competition was between the different
organizations which believe that this competition will be helpful for the
improvement of the environmental situation of the country (B. Al-Sawa'ei, Al-Sawa'ei, & Al-Salti, 2015).
The
current market situation of haya water is stable as they are going to invest
OMR 1 billion ($2.3) billion on the new water project in Oman in 2018. The
investment forum in 2012, CEO of haya water said that the company is currently
working on 12 different projects which are valued at 700 million in Oman and
the figure is planned which gave rise to 1.7 billion in 2018. The current
portfolio includes a wastewater treatment plant in Muscat. Before this, haya
water is awarded an OMR 37 million in 2010 to make a wastewater plant in 2011.
The contract is currently producing 50000 cubic meters per day at the plant.
The company is working on the project of KPMG to project a plant as globally
operated by the multinational company. The signing contract takes place at Bait
Haya. The plan is estimated as the treatment of wastewater will be targeted as a
yellow tanker with the initial capacity of 40,000 cubic meters per day with the
estimated cost of OMR 47 million.
Conclusion of current market analysis
The
research paper is based on the analysis of the financial position of the
company which shows that the company is ruling the water industry in Oman and
Muscat. The basic purpose of haya water is to reuse wastewater from historical
time. However, the project of reuse of the water is gaining importance before
some decades who are increasing with the demand of population and daily need of
the water which put a great impact on the natural water cycle of the region.
This purpose has also collaborated with some issues and challenges of the
industry such as high cost and difficult projects to handle which are described
above. The challenges are not easy to resolve but in a competitive market, it
is necessary to carry on in the market. The advanced technology is high cost-oriented
which is a big challenge to solve. There is also difficulty in finding the
customers to utilize the water in new high quality which is required to
maintain the compatible advantage of wastewater. A survey shows that people of
Muscat were used to determine to respond to the meaning of different
applications. Outcomes show that the respondents of the research used different
terminologies in wastewater treatment through the plant. If the public has a better
taste to use the safety measure to get the goal of safety and a healthy
environment. The involvement in the wastewater is related to the drinking water
which should be used at a large scale in the public and private sector (A., El-Rawy, & Zekri, 2016).
Recommendation of current market analysis
According
to the current analysis of the market and competitive analysis with the
competitors, there are some recommendation and suggestions which should be
implemented on the policies of the company which is in the following:
To
overcome the cost of production and providing services to the client, there
should be the use of an innovative method of production and advanced
technology.
Attract
the people by showing the benefits of water save terms which could be helpful
in the future when there is no water on earth.
Increase
the marketing budget to aware the customers about the benefits of the
wastewater projects in the country.
Improve
the management strategies to meet the requirements of the competitors by the knowledge
of the market.
Utilize the budget on different projects
instead of singe one with heavy investment.
Make
a possible way to overcome the cost in limited projects (A. Al-Busaidi & Ahmed, 2016).
References of current market analysis
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