MUSCAT: The total added value of private institutions actively operating in the Sultanate of Oman during the third quarter of 2024 amounted to approximately RO 8.511 billion, according to preliminary statistics issued by the National Centre for Statistics and Information (NCSI).
The contribution of actively operating institutions to the GDP at current prices during the third quarter of 2024 reached about 82 per cent, compared to 81.4 per cent in the third quarter of 2023.
The added value of large enterprises by the end of the third quarter of this year amounted to RO 6.279 billion, representing 60.5 per cent, an increase of 4.3 per cent compared to the same quarter of the previous year. Meanwhile, the added value of medium-sized enterprises reached RO 665.8 million, representing 6.4 per cent, with an increase of 3 per cent. The added value of small enterprises amounted to RO 716 million, representing 6.9 per cent, with an increase of 3.2 per cent.
The total added value of micro-enterprises stood at RO 851.100 million, representing 8.2 per cent, with an increase of 3.9 per cent.
It is worth noting that the number of employees in private institutions actively operating in the Sultanate of Oman increased by 0.6 per cent by the end of the third quarter of this year, reaching 1,804,547 employees, compared to 1,792,932 employees by the end of the third quarter of 2023. Additionally, the number of institutions reached 260,780 in the third quarter of 2024, marking a growth of 12.1 per cent compared to the same period in 2023. — ONA
Oman Observer is now on the WhatsApp channel. Click here
