Muscat ,April 2024: The volume of foreign direct investments (FDI) in the Sultanate of Oman till the end of the fourth quarter of 2023reached RO25,050 billion, up by 21.6%, compared to the same period in 2022, when it was RO20,590 billion, according to preliminary statistics issued by the National Centre for statistics and information(NCSI).

Statistics indicated that the volume of FDI flow into the Sultanate of Oman till the end of the fourth quarter of 2023recorded a growth of 57.5%, reaching RO 4.45 billion, compared to RO 2.83 billion at the end of the fourth quarter of 2022.

In terms of investment by activity, the statistic showed that, the oil and gas exploration sector accounted for 78% of the total FDI till the end of the Q4 of 2023, reaching a total value of RO 19,523.8 billion, up from RO 14,638.9 billion at the same period in 2022.

The value of FDI in the manufacturing sector till the end of the fourth quarter of 2023 reached RO 1,781.3 billion, up from RO 1, 873.2 billion in 2022, while the value in financial intermediation declined to RO 1,347.6 billion, compared to RO 1,824.9 billion at the same period in 2022.

Meanwhile, the value of FDI in real estate rental and business activities reached RO 1,034.4 billion, up from RO 1,005.5 billion in 2022.

As for the FDI by country, the statistics showed that the United Kingdom topped the total FDI in Oman till the end of the fourth quarter of 2023, accounting for 50.7% of the total FDI, reaching RO 12,676.5 billion, followed by United States of America, with a total direct investment of RO 4,296.6 billion, Republic of China recorded direct investment in Oman of RO 1,329.1 billion, the United Arab Emirates with RO 958,600 million, and the State of Kuwait with RO 830,900 million .

Then the Republic of China recorded direct investment in Oman of RO 1,329.1 billion , the United Arab Emirates with RO 958,600 million riyals, and the State of Kuwait with RO 830,900 million .