Foreign direct investments in Oman rise to $18.5 billion

Geneva: Foreign Direct Investments (FDIs) in the Sultanate rose to $18.548 billion in 2016, according to the investment report 2017 of the United Nations Conference for Trade and Development (UNCTAD).
The figure for the year 2000 was OMR2.577 billion, the report, on UNCTAD website said. FDIs in Oman rose by $3.561 billion in the past six years as it stood at about $14.987 in 2010.
Global investment witnessed modest recovery and forecasts for 2017 remain optimistic. The global FDIs inflows are expected to hit $1.8 trillion in 2017 and $1.85 trillion in 2018, it said.
The report said that global FDIs fell 2 per cent in 2016 to $1.75 trillion due to slow economic growth and policy risks.
It added that the FDIs to developing countries fell by 14 per cent to $646 billion in 2016. FDIs to Asia also fell 15 per cent to $443 billion. -ONA