FDI reaches RO 9.7 billion in Q2

Muscat: The Foreign Direct Investment (FDI) in the Sultanate at the end of the second quarter of 2018 stood at RO 9.7 billion, recording a growth of RO 1.4 billion from the second quarter of last year, according to the data issued by the National Centre for Statistics and Information (NCSI). The UK topped the list of countries with FDI in the Sultanate until the end of the second quarter of 2018 with RO 4.7 billion, compared to RO 3.7 billion in the same period of 2017. This was followed by the UAE and Kuwait, with RO 1 billion and RO 425.9 million, respectively. FDI from Qatar and Bahrain until the end of the second quarter of 2018 stood at RO 390.2 million and RO 344.8 million, compared to RO 381.9 and RO 333.9 in 2017, respectively, according to NCSI data.

The FDI from US, Switzerland, India and the Netherlands until the end of the second quarter of 2018 stood at RO 310.1 million, RO 290.4 million, RO 287.7 million and RO 260.3 million, respectively. The FDI from other countries accounted for RO 1.6 billion. Oil and gas sector accounted for the bulk of FDI at the end of second quarter of 2018, reaching RO 5.5 billion, followed by the financial brokerage at RO 1.4 billion. FDI in the manufacturing sector reached RO 1.07 billion, real estate sector, including renting and business activities, stood at RO 675.5 million; and other activities accounted for RO 1.06 billion. — ONA