Oil & gas drives Oman's FDI to $30.26bn in Q2 2019

The upstream sector brought in more than half of the total FDI into the Sultanate of Oman

FDI, Upstream

Foreign direct investments (FDI) into Oman jumped to $30.26bn (RO11.65bn) in Q2 2019, up 13.3% from the same period in 2018, when it got $26.7bn (RO10.29bn) in FDI, according to the National Centre for Statistics and Information. Investment into manufacturing reached $4.15bn (RO1.6bn) in Q2 2019, according to Oman News Agency.

Upstream activity accounted for more than half of the FDI volume in Q2 2019, at $17.14bn (RO6.6bn). The UK brought in $14.67bn (RO5.65bn) of investments into the sultanate, followed by the UAE with $2.96bn (RO1.14bn), the US with $2.32bn (RO897mn), Kuwait with $2.16bn (RO831.3mn), and China with $1.26bn (RO 486.2mn).

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Oil & Gas Middle East - June 2020

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