FDI inflow into Oman up by 154 million rials in Q3 2016

MUSCAT, — The volume of foreign direct investment in Oman increased 154 million Omani rials to 7,027 million rials in the third quarter last year, according to the latest report released by the National Centre for Statistics and Information, the state Oman News Agency reported on Sunday.

Oil and gas production received the lion’s share at more than 3,026 million rials, followed by the brokerage sector (1,393 million rials), and the manufacturing sector (9,86,4 million rials).

Foreign direct investment in the Sultanate’s real estate sector stood at 622 million rials in the same period.

At least 46 percent, or about 2,797 million rials, of the direct investments from foreign countries into Oman were from the United Kingdom, the report said.

The UAE emerged as the second largest source of FDI in Oman, with more than 924 million rials, followed by Kuwait (396 million), Qatar (314 million) and Bahrain (302 million).

Source: Emirates News Agency

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