Foreign direct investments in the Sultanate of Oman reached OMR26.677 billion by the end of the third quarter of 2024, representing a growth rate of 16.2 per cent, compared to the same period in 2023, which amounted to OMR22.961 billion.

The investment flow recorded OMR3.715 billion.

Preliminary statistics issued by the National Centre for Statistics and Information, according to the Oman News Agency, indicate that the oil and gas extraction sector accounted for 79.1 per cent of total foreign direct investment, with a value of OMR21.112 billion, and cash flows amounting to OMR3.439 billion.

Statistics showed that the value of foreign direct investment in the manufacturing sector until the end of the third quarter of 2024 amounted to OMR2.136 billion, with inflows amounting to OMR730.33 million, representing eight per cent.

The value in financial intermediation amounted to OMR1.374 billion, representing 5.1 per cent, while the value in real estate, rental, and commercial project activities amounted to OMR969.1 million, representing 3.6 per cent.

The UK topped the total investment by the end of the third quarter of 2024, accounting for 51.2 per cent of the total foreign investment, amounting to OMR13.664 billion.

The United States followed it with a total investment of OMR5.252 billion.

Then came the UAE with OMR836.5 million, Kuwait with OMR833.5 million, China with OMR 817.8 million, Switzerland with OMR551.9 million, Qatar with OMR488.3 million, and the Kingdom of Bahrain with OMR375.7 million.

(BNA/NAN)