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Foreign Direct Investment Increases 15 Percent in 4th Quarter in 2017.

Muscat, June 23 (ONA) ---- Foreign Direct Investment (FDI) in the Sultanate rose by 15 per cent to RO9,339.5 million in 2017, from RO8,096.7 million for the 4th Quarter in the previous year. Foreign investment flows went up by 15.3 per cent to RO1,242.8 million.

Among various countries, the United Kingdom topped the list of investors in the Sultanate with a foreign direct investment of RO4,454.5 million in 2017, against RO3,505.5 million in the previous year, according to statistics released by the National Centre for Statistics and Information (NCSI).

The United Kingdom (UK) was followed by the United Arab Emirates (UAE) with an investment of RO1,028.4 million, Kuwait (RO416.5 million), Qatar (RO388 million), Bahrain (RO337.3 million), the United States of America (RO293.9 million), India (RO280.6 million) and Switzerland (RO277.1 million). Further, the flow of foreign direct investment from other countries was RO1,607.7 million in 2017.

Oil and gas sector attracted the maximum foreign investment of RO.5,162.5 million in 2017, against RO3,978.8 million for the previous year, shows the NCSI report.

The flow of foreign direct investment to the financial sector was RO1,415.9 million (against RO1,436.8 million in 2016), while manufacturing and real estate sectors attracted foreign investment to the tune of RO1,048.2 million and RO651.5 million in 2017, against RO1,050.3 million and RO618.8 million, respectively, in 2016.

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Publication:Oman News Agency
Geographic Code:4EUUK
Date:Jun 23, 2018
Words:271
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