Oman’s Foreign Direct Investment crosses OMR 9 billion

Muscat: Oman’s Foreign Direct Investment rose to OMR 9,736,900,000 in the second quarter of 2018.

According to a report by the Public Authority for Investment Promotion and Export Development (Ithraa), the foreign direct investment in Oman crossed OMR 9 billion in the second quarter of 2018.

According to a statement by Ithraa, "The authority has provided incentives to investors, including in terms of permits and approvals, gaining a commercial register, and finding a suitable trade partner for them."

Ithraa also provided a conducive environment for Omani exports to grow.

According to Ithraa's report, Oman exported non-oil products worth OMR 3.7 billion by the end of 2018, up from 2017’s non-oil exports totalling OMR 3.2 billion.