Oman's FDI grows 6% in 2019
May 31, 2020 | 4:28 PM
by ONA
Photo: File

Muscat: The total foreign direct investment (FDI) in the Sultanate till the end of the third quarter of 2019 hit OMR11.04 billion, recording a growth of 6 per cent, compared to the same period of the previous year 2018, when it stood at OMR10.39 billion.

Foreign investment flows in the same period of the end of Q3 in 2019 reached OMR647.7 million, according to the preliminary data on foreign direct investment issued by the National Centre for Statistics and Information (NCSI).

The United Kingdom topped the list of countries with FDI in the Sultanate at the end of the third quarter of 2019, with the country investing OMR5.17 billion, followed by the United Arab Emirates at OMR1.13 billion.

The FDI from the United States of America, Kuwait, China, and Qatar for the Q3 of 2019 reached OMR832 million, OMR836.4 million, OMR479.7 million, and OMR417.9 million, respectively.

The FDI from Bahrain, India, the Netherlands, and Switzerland in the Sultanate for the third quarter of 2019 reached OMR255.5 million, OMR274.1 million, OMR263.5 million, and OMR188.2 million respectively. The FDI from other countries accounted for OMR1.18 billion.

The NCSI data revealed that the oil and gas sector bulk of FDI at the end of third quarter of 2019 reached OMR6.01 billion, followed by the FDI in the financial intermediation sector, which reached OMR1.361 billion.

It also showed that the FDI in the manufacturing sector reached OMR1.60 billion and FDI in real estate sector reached OMR1.05 billion while it reached OMR989.9 million in other business activities.

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