FDI in Oman increases by 19%

Muscat: The volume of foreign direct investment (FDI) in the Sultanate of Oman rose by 19 per cent to reach more than OMR17 billion at the end of the first quarter of 2022 compared to the same period in 2021.

"The volume of FDI at the end of the first quarter of this year reached OMR17.94 billion compared to the same period in 2021," according to the National Centre for Statistics and Information (NCSI).

The United Kingdom came at the forefront in FDI into the Sultanate of Oman, with total investments amounting to OMR8.49 billion, followed by the United States of America at OMR2.66 billion and by the United Arab Emirates at OMR1.23 billion.

The oil and gas sector accounted for the largest proportion of foreign direct investments at OMR11.80 billion in the first quarter of 2022, a growth of 21.8 per cent compared to the same period in 2021, the NCSI report added.

This was followed by the manufacturing sector attracting FDI amounting to OMR1.60 billion in 2022, a decrease of about 5.6 per cent compared to the same period in 2021.
The financial sector in the first quarter of 2022 attracted FDI worth OMR1.48 billion compared to the same period in 2021.