(MENAFN) Oman's investment expenditure registered a growth of 7.4 percent in the January-June period of this year, reaching USD3.56 billion, which is an increase of USD243.42 million compared to the same period last year, Times of Oman reported.
During the first half of this year, the Sultanate focused on increasing its investment expenditure on the civil ministries, which USD2.05 billion compared to USD1.83 billion in the same period last year, while investment expenditure for oil and gas production reached USD1.46 billion, an increase of USD19.09 million as compared to the same period in 2013.
This growth in investment expenditure is attributed to the Sultanate's efforts to diversify its sources of national economy, with the value of current projects underway reaching about USD127 billion, in addition to USD80 billion worth of projects currently at different stages of development.
Meanwhile, the non-oil revenues grew by 11.4 percent during first half of this year reaching USD3.05 billion, up USD318.28 million compared to the same period last year, while the oil and gas revenues reached USD15.02 billion.
During the January-September, the Sultanate's GDP grew by 3.7 percent to hit USD38.95 billion compared to USD37.43 billion in the first half last year.
During the January-September period, the value of the deals awarded by the government declined to USD2.33 billion compared to USD3.18 billion in the value of contracts given during the same period last year.
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