FDI in Oman Exceed RO 27bn by End of 2022

OMR
OMR

Muscat: The volume of foreign direct investment (FDI) in the Sultanate of Oman by the end of 2022 reached RO 27,134.9 million with investment flow that constituted 4.8% of Gross Domestic Product at current prices against foreign investment of RO 25,089.1 million by the end of 2021, according to the preliminary data issued by the National Centre for Statistics and Information (NCSI).

FDI constituted 75.9% of total foreign investment by the end of 2022.

Foreign investment in financial derivatives constituted RO 52.2 million with inflow of RO 1.3 million. Meanwhile, other foreign investment reached RO 5,642.2 million with inflows of RO 343.2 million.

The oil and gas activities bagged 56.4% of total foreign investment with a total value of RO 15,320.7 million compared to RO 5,558.9 million for the financial brokerage activity, RO 2,373.4 million for converting industries and RO 1,617.9 million for the transportation, storage and communications activity.

Further, total foreign investment in the activities of real estate, leasing and commercial projects reached RO 1,112.9 million, while foreign investment in other activities reached RO 1,151.1 million.

FDI distribution over various sectors stood as follows: oil and gas (71.1%), converting industries (9.1%), financial brokerage (8.9%), real estate, leasing and commercial activities (4.9%) and other activities (6%).

The United Kingdom came on top of the list of top 10 countries with foreign direct investment in Oman (RO 9,621.9 million), followed by the United States of America (RO 3,684.2 million) and China (RO 1,039.6 million).

Moreover, FDI from various countries stood as follows: the United Arab Emirates (RO 915 million), Kuwait (RO 797 million), Qatar (RO 593.7 million), the Kingdom of Bahrain (RO 487.5 million), the Netherlands (RO 363.5 million), India (RO 321 million) and Switzerland (RO 176.5 million).

Meanwhile, statistics indicate that Omani investment abroad by the end of 2022 reached RO 5,383.6 million compared to RO 6,020.2 million by the end of 2021.

The United Arab Emirates come on top of the list of countries that attract direct Omani investment abroad, with a total value of RO 960 million, followed by the Kingdom of Saudi Arabia (RO 129.1 million. Omani direct investment in several countries stood as follows: the United Kingdom (RO 93 million), Kuwait (RO 32 million), Egypt (RO 19.7 million), India (RO 9.4 million) and Bahrain (RO 2.6 million). – ONA

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