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MENAFN - Muscat Daily - 16/04/2014
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(MENAFN - Muscat Daily) The National Center for Statistics and Information (NCSI) is conducting the annual foreign investment survey for 2013, with the objective of updating data and providing decision makers with accurate data on the levels of foreign investment in the sultanate. 

The survey aims to identify the role of foreign investment in economic development and the distribution of investment across sectors, a press release said.

The survey will also define the sources of foreign investment, according to geographical distribution by country, and provide information on the effect of foreign investment on the economy of Oman in terms of work force, exports, imports and international services.

Additionally, the survey aims to identify sectors that have attracted low levels of foreign investment. The NCSI is conducting the survey online - through its website.

Meanwhile, the results of the foreign investment survey for 2012 revealed that the amount of foreign investment in Oman touched RO13.88bn, compared with RO12.70bn in 2011. Between 2011 and 2012, investment inflows increased by RO1.18bn reflecting an annual increase of 9.3 per cent.

Foreign investments, including loans, trade credit, deposits and financial derivatives accounted for 49.3 per cent of the total foreign investment in 2012, which grew by 11.4 per cent from the prior year due to the growth in trade credits and an increase in company and bank loans from offshore entities.

The 2012 results also reveal that foreign direct investment (FDI) grew by 6.4 per cent from RO6.09bn in 2011 to RO6.48bn in 2012. Additionally, the survey revealed that the UK was ranked the first in terms of the size of FDI with RO2.65bn invested in 2012, compared with RO2.28bn in 2011. The UAE came second, with investments totalling RO1.02bn in 2012, compared with RO987.3mn in 2011.

In 2012, FDI was focused on oil and gas exploration, which accounted for 46.6 per cent of the total.


 


Muscat Daily




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