Thursday 26 / December / 2024
Muscat: The Foreign Direct Investments (FDIs) in the Sultanate of Oman reached OMR17.981 billion up to end of second quarter of the current year, an increase of OMR2.660 billion compared to the same period in 2021.
The total FDIs in manufacturing sector amount to OMR1.694 billion at end of second quarter 2022 compared to OMR806 million during the same period of last year.
Oil and gas sector contributed for 68. 14 percent of the total FDIs at the end of second quarter 2022 followed by the manufacturing sector at 9. 42 percent, real estate sector activities and commercial projects by 5.84 percent and the other sector by 7.88 percent.
The United Kingdom topped the list of countries investing in the Sultanate of Oman followed by the United States of America, the United Arab Emirates, Kuwait and the People’s Republic of China, respectively.
For attracting quality investments that contribute to the gross domestic product (GDP) and localising industries, transfer of advance and modern technologies and for enhancement of economic diversification sectors, the total number of investors holding investor residence amounted to 1,004 investors for the category of ten years and 414 investors for the category of five years for the various nationalities.
The number of applications for investment licences through Invest Easy Portal amounted to 18726 application from the launch of the service on 17 November 2021 up to 9 November 2022.
The service allows the companies subjected to the foreign Capital investment law to obtain the investment licences for their projects through the self-service or the centres offering the service.
