Muscat, The Foreign Direct Investment (FDI) in the Sultanate at the end of the second quarter of 2018 stood at RO9.7 billion, recording a growth of RO1.4 billion from the second quarter of last year, according to the data issued by the National Center for Statistics and Information (NCSI).

The United Kingdom topped the list of countries with FDI in the Sultanate until the end of the second quarter of 2018, reaching RO4.7 billion, compared to RO3.7 billion in the same period of 2017.

This was followed by the UAE and Kuwait, with RO1.0 billion and RO425.9 million, respectively.

Furthermore, FDI from Qatar and Bahrain until the end of the second quarter of 2018 stood at RO390.2 million and RO344.8 million compared to RO381.9 and RO333.9 in 2017, respectively, according to NCSI data.

The FDI from US, Switzerland, India and the Netherlands until the end of the second quarter of 2018 stood at RO310.1 million, RO290.4 million, RO287.7 million and RO260.3 million, respectively. The FDI from other countries accounted for RO1.6 billion.

Oil and gas sector accounted for the bulk of Foreign Direct Investment at the end of second quarter of 2018, reaching RO5.5 billion, followed by the financial brokerage at RO1.4 billion. FDI in the manufacturing sector reached RO1.07 billion, real estate sector, including renting and business activities, stood at RO675.5 million; and other activities accounted for RO1.06 billion.

Source: Oman News Agency