Foreign direct investment (FDI) in the Sultanate at the end of the third quarter of 2016 exceeded OMR 7.02 billion, according to an update from the (NCSI). FDI flow as of Q3, 2016 stood at OMR 154 million.
Oil and gas exploration
Sector wise, the oil and gas exploration attracted FDI of over OMR 3.02 billion, while financial intermediation secured FDI of over OMR 1.39 billion. FDI in the manufacturing sector reached OMR 986.4 million. Real estate renting and business activities received OMR 622.2 million of FDI by the end of the third quarter. Other sectors together reported FDI of OMR 999.2 million, the NCSI release said.
UK tops the list
The UK tops the list of investors in Oman, with a foreign direct investment of OMR 2.797 billion, followed by UAE at OMR 924.8 million and Kuwait at OMR 396.1 million in FDI. The other major countries on the list include Qatar (OMR 314.8 million), Bahrain (OMR 302.6 million), India (OMR 298.9 million), Netherlands (OMR 230.6 million), US (OMR 215.6 million), and Switzerland (OMR 178.2 million).
ــــــــــــــــــــــــــــــــــــ