Foreign investments in Oman hit OMR 19.6bn in 2022

Muscat: The  foreign direct investment in Oman reached OMR19.620 billion with financial inflow of OMR1.860 billion compared to a total investments value of OMR17.760 billion during the fourth quarter of 2021, according to the latest data issued by the National Centre for Statistics and Information (NCSI).

The sectors of extracting oil and gas and real estate activities came on top of foreign investments in Oman by the end of the fourth quarter in 2022, constituting a rise by 10.5 percent.

Foreign investment in the activity of extracting oil and gas had the biggest share of direct foreign investments during the fourth quarter of 2022 with a total value of OMR14.166 billion, going up from OMR12.177 billion by the end of the fourth quarter of 2021.

It was followed by the converting industries activity which stood at OMR1.55 billion, comprising a drop by OMR1.705 billion. The financial intermediation activity came next with OMR1.48 billion, comprising a drop from OMR1.648 billion.

Foreign investment in real estate activities increased from OMR990.6 million by the end of the fourth quarter in 2021 to reach OMR1.037 billion by the end of the fourth quarter in 2022. Foreign investments in other activities increased from OMR1.240 billion to OMR1.389 billion.

Foreign investments from the United Kingdom were the highest with a total value of OMR10.156 billion, followed by the US with OMR2.735 billion. 

The United Arab Emirates was next with OMR1.083.4 billion.

To break down the figures, investments from some other countries stood as the following: OMR927.5 million from Kuwait, OMR896.8 million from China, OMR370.3 million from Bahrain, OMR327.7 million from Qatar, OMR255.2 million from India, OMR241.1 from the Netherlands and OMR171.1 million from Switzerland, as well as OMR2.458 billion from other countries.