Foreign investments in Oman up 12% to OMR19.9 billion

SourceTimes of Oman

Muscat: The total foreign investments in the Sultanate reached OMR19.96 billion by the end of 2018, up by 12.1 per cent, compared to OMR17.80 billion in 2017, according to the latest data issued by the National Centre for Statistics and Information (NCSI).The latest data show that the foreign direct investment (FDI) in the Sultanate at the end of 2018 represented 63.6 per cent of the total foreign investment while the other foreign investments, which include commercial credits, loans and deposits, represented 32.6 per cent of the total foreign investments. The foreign investments in the Sultanate’s portfolios accounted for 3.7 per cent of the total foreign investments and only 0.1 per cent of financial derivatives. The total foreign investment inflows in 2018 reached OMR2.16 billion compared to OMR2.38 billion in 2017.The more...