MUSCAT: The sectors of oil and gas extraction activities and real estate activities led foreign direct investments (FDI) in the Sultanate of Oman by the end of the fourth quarter of 2022, achieving a growth of 10.5 per cent, as FDI amounted to RO 19.620 billion, up from RO 17.660 billion a year earlier.
According to the National Centre for Statistics and Information, foreign investment in oil and gas extraction activities totalled RO 14.166 billion, up from RO 12.177 billion a year earlier.
This was followed by the manufacturing activity with FDI of RO 1.549 billion, down from RO 1.705 billion as of end-2021, the financial intermediation activity with FDI of RO 1.481 billion, down from RO 1.648 billion.
FDI in real estate activities increased from RO 990 million in Q4 2021 to RO 1.037 billion a year later. In other segments,
FDI rose from RO 1.240 billion to RO 1.388 billion.
The United Kingdom topped foreign direct investment with a value of RO 10.156 billion, followed by the US with RO 2.735 billion, UAE with RO 1.083 billion, Kuwait RO 927.500 million, China RO 896.800 million, Bahrain RO 370.399 million, Qatar RO 327.700 million, India RO 255.200 million, The Netherlands RO 241.100 million and Switzerland RO 171.100 million.
Other countries contributed an FDI of RO 2. 458 million. — ONA