Saturday 18 / January / 2025
Muscat: The volume of total foreign direct investment (FDI) in the Sultanate of Oman reached OMR26.677 billion by the end of the third quarter of 2024, according to the National Centre for Statistics and Information (NCSI) latest data.
This represents a growth rate of 16.2 percent compared to the same period in 2023, when it was reported OMR 22.961 billion. Also, the investment inflow amounted to OMR3.715 billion.
According to preliminary statistics revealed by NCSI, the oil and gas sector accounted for 79.1 percent of total FDI, valued at OMR21.112 billion, with cash inflows totalling OMR3.439 billion.
The manufacturing sector attracted OMR2.136 billion in FDI, with cash inflows of OMR730.3 million. The financial brokerage received an FDI of OMR1.364 billion, accounting for 5.1 percent, real estate, rental, and commercial projects saw investments totalling OMR969.1 million.
FDI in transport, storage, and communications amounted to OMR379.5 million, with cash inflows of OMR17.6 million. FDI investments in electricity and water stood at OMR323.2 million, accounting for 1.2 percent, while the trade sector attracted FDI worth OMR214.9 million, representing 0.8 percent.
The hotel and restaurant sector received a total FDI of OMR107.9 million, accounting for 0.4 percent while the construction sector saw FDI worth OMR13 million. Other activities received OMR56.6 million worth of FDIs.
The United Kingdom emerged as the largest foreign investor, contributing 51.2% of the total FDI, valued at OMR13.665 billion. This was followed by the United States at OMR5.253 billion.
The United Arab Emirates contributed FDI worth OMR836.5 million, Kuwait OMR833.5 million, China OMR 817.8 million, Switzerland OMR551.9 million, Qatar OMR488.3 million, and BahrainOMR 375.7 million.
Foreign investments from the Netherlands amounted to OMR359.1 million, India OMR 286.1 million and other countries collectively contributed FDI worth OMR3.211 billion.
