Oman records OMR 22.96 billion in foreign investments by Q3 2023

Oman records OMR 22.96 billion in foreign investments by Q3 2023

The Sultanate of Oman registered a significant surge in foreign investment, reaching OMR 22,961.4 million by the end of the third quarter of 2023, per preliminary data unveiled by the National Centre for Statistics and Information (NCSI).

The post Oman records OMR 22.96 billion in foreign investments by Q3 2023 appeared first on The Arabian Stories News.MUSCAT : the oil and gas extraction sector dominated the investment landscape, commanding a substantial 76.9% share with a total of OMR 17,672.3 million.Notably, the converting industries sector witnessed a substantial influx of foreign investments, accumulating to OMR 1,406.2 million. In contrast, financial intermediation activities and real estate sectors secured OMR 1,530.9 million and 1,035.4 million, respectively.Additionally, diverse sectors drew considerable foreign investments: electricity and water (OMR 466.3 million), transport, storage, and communication (OMR 361.9 million), trade (OMR 216 million), hotel and restaurants (OMR 111.4 million), constructions (OMR 82.1 million), and other activities (OMR 78.9 million).Foreign investments from various countries showcased a diversified spectrum, led by contributions from the United Kingdom totalling OMR 11,521.8 million, constituting 50.1% of the total foreign investment. Notable contributors include the United States of America, the United Arab Emirates, Kuwait, Bahrain, China, Qatar, the Netherlands, Switzerland, India, and others totalling