Oman receives OMR8b foreign direct investment

Business Saturday 11/November/2017 17:28 PM
By: Times News Service
Oman receives OMR8b foreign direct investment

Muscat: Oman received OMR8,013 million in foreign direct investment in the first half of 2017, a growth of OMR619.4 million over the same period last year. The oil and gas sector constituted the bulk of foreign investment, at OMR3,859 billion, according to statistics released by the National Centre for Statistics and Information (NCSI).
This was followed by financial brokerage, with OMR1,510 million, the industry sector with OMR1,028 million, real estate activities at OMR643.6 million and other activities of OMR972 million.
The United Kingdom (UK) placed atop the list of investing countries, with an investment of OMR3,299 million in Oman, followed by United Arab Emirates (UAE) with OMR943.7 million and Qatar with OMR457.5 million.
FDI from Kuwait stood at OMR429.4 million, Bahrain at OMR371.5 million, OMR349.3 million from the USA, OMR303 million from India, OMR289 million from Switzerland, OMR270.8 million in the Netherlands and OMR1,300 million from other countries. – ONA