Oman records more than 27bn total foreign investments in 2022

muscat
muscat

Muscat: The total foreign investments in the Sultanate of Oman recorded an increase of 8.2 percent by the end of 2022 to reach RO 27.13 billion, with flows constituting 4.8 percent of the gross domestic product at current prices, compared to foreign investments of RO 25.89 billion by the end of 2021, according to the preliminary statistics contained in the release of foreign investment indicators issued by the National Center for Statistics and Information.

Foreign direct investment constituted 75.9 percent of the total foreign investment by the end of 2022, amounting to RO 20.59 billion, with inflows amounting to RO 2.83billion, compared to a value of RO 847,900,000 for foreign portfolio investments, with inflows of RO 442,300,000.

Foreign investments in financial derivatives also recorded a value of RO 52,200,000, with inflows of 1,300,000, while other foreign investments recorded a value of RO 5.64 with inflows of RO 343,200,000.

Oil and gas activity accounted for 56.4 percent of the total foreign investment, with a value of RO 15.32 billion, compared to RO 5.55 billion for financial intermediation activity, RO 2.37 billion for manufacturing industries, and RO 1.61 billion for transportation, storage and communications activity.

The total foreign investment in real estate, rental and commercial project activities amounted to RO 1.11 billion, while foreign investment in other activities recorded RO 1,15 billion.

In foreign direct investment, the oil and gas sector accounted for 71.1 percent, compared to 9.1 percent for the manufacturing sector, 8.9 percent for the financial intermediation sector, 4.9 percent for real estate, rental, and commercial activities, and 6 percent for other activities. The United Kingdom topped the ten most important countries in foreign direct investment in the Sultanate of Oman with a value of 9 billion 621 million 900 thousand Omani riyals, followed by the United States with 3 billion 684 million 200 thousand Omani riyals, then China with 1 billion 39 million 600 thousand Omani riyals.

The value of foreign direct investment from the United Arab Emirates amounted to 915 million Omani riyals, from Kuwait 797 million Omani riyals, and from Qatar 593 million and 700 thousand Omani riyals, while foreign direct investment from the Kingdom of Bahrain recorded 487 million and 500 thousand Omani riyals, and from the Netherlands 363 million and 500 thousand Omani riyals. India: 321 million Omani riyals, and 176 million and 500 thousand Omani riyals from Switzerland.

As for foreign investments in the portfolio, the value of investments in transportation, storage and communications activity amounted to 472 million and 900 thousand Omani riyals, in financial intermediation 290 million Omani riyals, in manufacturing industries 10 million and 100 thousand Omani riyals, in hotels and restaurants 6 million and 700 thousand Omani riyals, and in other activities 68 million and 200 thousand. One thousand Omani riyals.

On the other hand, statistics indicate that the total Omani investments abroad recorded a value of 5 billion, 383 million and 600 thousand Omani riyals by the end of 2022, compared to 6 billion, 20 million and 200 thousand Omani riyals at the end of 2021, a decrease of 10.6 percent.

Among these investments are two billion and 207 million and 500 thousand Omani riyals for direct investments, one billion and 423 million and 800 thousand Omani riyals for portfolio investments, and two million and 900 thousand Omani riyals for investment in financial derivatives, while other investments recorded one billion and 749 million and 400 thousand Omani riyals.

The manufacturing sector topped direct Omani investments abroad with a value of 584 million and 200 thousand Omani riyals, followed by the financial intermediation sector with a value of 226 million and 200 thousand Omani riyals, real estate and rental activities, and commercial project activities with a value of 16 million and 500 thousand Omani riyals, and the oil and gas sector with a value of 5 million and 300 thousand. Omani riyals, while the value of investments in other activities amounted to one billion and 375 million and 300 thousand Omani riyals. The United Arab Emirates topped the countries attracting direct Omani investments abroad with a value of 960 million Omani riyals, followed by the Kingdom of Saudi Arabia with 129 million and 100 thousand Omani riyals, the United Kingdom with 93 million Omani riyals, and Kuwait with 32 million Omani riyals.

Omani direct investments in the Arab Republic of Egypt amounted to 19 million and 700 thousand Omani riyals, in India 9 million and 400 thousand Omani riyals, and in the Kingdom of Bahrain two million and 600 thousand Omani riyals.

 

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