7,859 GCC investors registered in Oman

Oman Saturday 08/July/2023 19:20 PM
By: Times News Service
7,859 GCC investors registered in Oman

Muscat: The number of commercial records registered by GCC investors in the Sultanate of Oman rose by 16.3 percent to 527 in 2022 compared to 453 in 2021, the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) said in a statement on Saturday.

“The cumulative number of records registered by Gulf investors till the end of 2022 has reached 7,859,” the ministry added.

The number of commercial records registered by Emirati investors reached 164 bringing up their cumulative number to 3,695 registries until the end of 2022. The number of commercial registries recorded by Saudi investors reached 185 bringing up their cumulative number at the end of 2022 to 1,504 commercial registries, the Department of Information, Data and Statistics at MoCIIP said.

The number of commercial registries recorded by Bahraini investors reached 61 bringing up their cumulative number at the end of 2022 to 1,078 registries, while the number of commercial registries recorded by Kuwaiti investors reached 76 bringing up their cumulative number at the end of 2022 to 1,043 registries.

The number of commercial registries recorded by Qatari investors during the last year reached 41 bringing up their cumulative number at the end of 2022 to 539 registries.

MoCIIP’s action plan is represented in economic diversification and growth of Oman’s economy by raising the classification of the Sultanate of Oman in international indicators, promoting foreign direct investment (FDI), balanced development among the various governorates and promoting and diversifying exports.

The ministry indicated that the various initiatives and plans that it put forward during the past period is aimed at promoting investment opportunities, bringing in quality investments in economic diversification sectors and creating the appropriate environment for the success and development of all investments.