Muscat: By the conclusion of the third quarter of 2024, the total foreign direct investment (FDI) in the Sultanate of Oman reached OMR26.677 billion, as reported by the National Centre for Statistics and Information (NCSI).
This figure marks a 16.2 percent increase from the same period in 2023, when FDI was recorded at OMR22.961 billion. Additionally, the investment inflow for this period amounted to OMR3.715 billion.
Preliminary data from NCSI indicates that the oil and gas sector dominated the FDI landscape, accounting for 79.1 percent of the total, which is valued at OMR21.112 billion, with cash inflows reaching OMR3.439 billion.
The manufacturing sector attracted OMR2.136 billion in FDI, with cash inflows of OMR730.3 million. The financial brokerage sector received OMR1.364 billion, representing 5.1 percent of the total, while real estate, rental, and commercial projects garnered investments of OMR969.1 million.
In the transport, storage, and communications sector, FDI totaled OMR379.5 million, with cash inflows of OMR17.6 million. Investments in electricity and water reached OMR323.2 million, accounting for 1.2 percent, while the trade sector attracted OMR214.9 million, or 0.8 percent.
The hotel and restaurant sector received OMR107.9 million in FDI, representing 0.4 percent, and the construction sector saw investments of OMR13 million. Other sectors received a total of OMR56.6 million in FDI.
The United Kingdom was identified as the largest foreign investor, contributing 51.2% of the total FDI, valued at OMR13.665 billion, followed by the United States with OMR5.253 billion.
The United Arab Emirates invested OMR836.5 million in foreign direct investment, followed closely by Kuwait with OMR833.5 million, China at OMR817.8 million, Switzerland contributing OMR551.9 million, Qatar with OMR488.3 million, and Bahrain at OMR375.7 million.
Additionally, foreign investments from the Netherlands reached OMR359.1 million, while India contributed OMR286.1 million. In total, other countries collectively invested OMR3.211 billion in foreign direct investment.
