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English news

23-Jun-2016

FDI inflows to Oman touched USD822mn in 2015

Foreign direct investment (FDI) inflows to Oman increased to USD822mn in 2015 from USD739mn in the previous year, according to the United Nations Conference on Trade and Development (Unctad). FDI inflows in the sultanate increased by 11% in 2015, remaining, however, well below their pre-crisis annual average of above USD2bn, the UN agency dealing with trade, investment, and development issues said in its World Investment Report 2016 released on Wednesday. FDI inflow in 2015 accounts to 4.8% of Oman's GDP compared to 3.3% of GDP in the previous year. FDI outflows from Oman, on other hand, sharply fell by 49 per cent to USD855mn in 2015 against USD1.67bn in the previous year.(Muscat Daily)

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