FDI climbs to RO 19.9 bn

MUSCAT: The volume of foreign direct investments (FDI) inflows into the Sultanate of Oman amounted to RO 17.981 billion as of end-june 2022, which included RO 2.66 billion in new inflows during the previous 12 months, according to the Ministry of Commerce, Industry and Investment Promotion.

The biggest beneficiary was the Oil & Gas sector, which accounted for 68.14 per cent of total FDI, followed by the manufacturing sector (9.42 per cent), financial intermediation sector with an 8.74 per cent share.

The United Kingdom retained its position as the biggest source of FDI with a 49.99 per cent share (equating to RO 8.989 billion.