MUSCAT: The Sultanate of Oman’s foreign direct investment (FDI) volume reached RO 26.677 billion by the end of Q3 2024, a 16.2% increase compared to RO 22.961 billion in the same period of 2023. Investment inflows amounted to RO 3.715 billion.
According to the National Centre for Statistics and Information, the oil and gas extraction sector dominated foreign investment, accounting for 79.1% of the total, with RO 21.112 billion and cash inflows of RO 3.439 billion.
Other significant sectors included manufacturing (RO 2.136 billion, 8% of total FDI), financial brokerage (RO 1.364 billion, 5.1%), and real estate and commercial activities (RO 969.1 million, 3.6%). FDI in transportation, storage, and communications stood at RO 379.5 million, while the electricity and water sectors attracted RO 323.2 million.
The United Kingdom emerged as the leading foreign investor, contributing RO 13.664 billion, or 51.2% of the total. The United States followed with RO 5.252 billion, while the UAE and Kuwait contributed RO 836.5 million and RO 833.5 million, respectively.
Other major contributors included China (RO 817.8 million), Switzerland (RO 551.9 million), Qatar (RO 488.3 million), Bahrain (RO 375.7 million), and the Netherlands (RO 359.1 million). Investments from India totaled RO 286.1 million, with RO 3.211 billion coming from other countries. — ONA
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