FDI crosses RO 8 billion

MUSCAT: The Foreign Direct Investment (FDI) to the Sultanate at the end of the second quarter (Q2) 2017 stood at RO 8.013 billion, constituting an increase of RO 619.4 million, according to the National Centre for Statistics and Information (NCSI). The oil and gas extraction constituted the bulk of FDI at the end of Q2 with RO 3.859 billion, followed by financial brokerage with RO 1.51 billion, industry sector RO1.028 billion, real estate activities RO 643.6 million and other activities with RO972 million. The United Kingdom (UK) came on top of the list of countries having FDI in the Sultanate with RO 3.299 billion, followed by United Arab Emirates (UAE) RO 943.7 million and Qatar RO 457.5 million. FDI from Kuwait stood at RO 429.4 million, Bahrain RO 371.5 million, USA RO 349.3 million, India RO 303 million, Switzerland RO 289 million, the Netherlands RO 270.8 and other countries RO 1.3 billion. — ONA