Sunday 29 / December / 2024
Muscat: The results of the 15th edition of the statistical bulletin for foreign investment in the Sultanate issued by the National Centre for Statistics and Information (NCSI) showed a rapid increase in foreign direct investments.
The total FDI increased by 6 per cent to OMR22. 244 billion at the end of 2020 compared to OMR20.98 billion during the same period in 2019.
The cashflows in foreign investments increased by 24.5 per cent to reach OMR1.261 billion at the end of 2020 compared to 2019, according to the NCSI statistical bulletin.
The oil and gas production sector secured the bulk of foreign investments of OMR11.174 billion at the end of 2020, an increase of 50.2 per cent compared to the same period in 2019; followed by the financial sector at a total investment of OMR6.6 billion, an increase of 27 per cent compared to the same period in 2019 and the manufacturing sector at a total investment of OMR2.013 billion.
The UK topped the FDI list in the Sultanate at the end of 2020 with total investments of OMR7.112 billion, followed by the USA with an investment of OMR2.045 billion and the UAE investments at OMR998.3 million.
