Finance & Capital Market

Oman draws $28.6bn FDI till Q3 2019

The foreign direct investment (FDI) in Oman till the end of the third quarter of 2019 was RO11.04 billion ($28.68 billion), a growth of 6 per cent compared to the same period in 2018.
The United Kingdom (UK) topped the list of countries with FDI in the sultanate, with the country investing RO5.17 billion, followed by the United Arab Emirates at RO1.13 billion, an Oman News Agency report citing the preliminary data on FDI issued by the National Centre for Statistics and Information (NCSI) said.
The FDI from the US, Kuwait, China, and Qatar during the period reached RO832 million, RO836.4 million, RO479.7 million and RO417.9 million, respectively.
FDI from Bahrain, India, the Netherlands, and Switzerland stood at RO255.5 million, RO274.1 million, RO263.5 million, and RO188.2 million, respectively. The FDI from other countries accounted for RO1.18 billion.
The NCSI data revealed that the oil and Gas sector drew bulk of the FDI with RO6.01 billion, followed by the FDI in the financial intermediation sector, which reached RO1.361 billion.
The manufacturing sector attracted RO1.60 billion in FDI and the real estate sector RO1.05 billion.