16 June 2013
Muscat: The Sultanate's foreign investments rose 36.5 per cent to OMR5.48 billion by the end of 2011 compared to 2010, according to data released by the National Centre for Information and Statistics (NCSI).
Omani investment abroad includes investment made by both Omani companies, as well as resident companies.
The largest outward foreign investment type was 'Other Investments', such as trade credit, loans and project finance, totalling 43.5 per cent of overall Omani investment abroad during 2011; while direct investment and portfolio investment reached 33.9 per cent and 22 per cent, respectively, of the Sultanate's total investment abroad.
As in previous years, the last survey results documented a noticeable growth of foreign investment size, at both the direct and indirect levels, supported by well informed government policies, legislations and economic incentives of the best global standards and practices.
Foreign investment is considered one of the sources that the Sultanate relies on to implement the programmes and policies of diversification of revenue which has been adopted by the government within the framework of the Vision for Oman's Economy- 2020 which requires providing related data that is characterised by quality, comprehensiveness and remaining timely.
"Omani direct investment abroad increased by 34.8 per cent in 2011 compared to 2010. This increase was due to the significant increase in the growth of investment in oil and gas exploration by 16.4 per cent and real estate (renting and business activities sector) by 17 per cent and the financial intermediation sector by 1.7 per cent in 2011 compared to 2010," the NCSI statistics revealed.
The United Arab Emirates (UAE) was the most important destination for Omani direct investments abroad at OMR381.9 million in 2011 (20.5 per cent of the total Omani direct investment). It was followed by India (7.2 per cent) and Pakistan (5.6 per cent).
Omani direct investment to the UAE achieved the highest growth rate in 2011 at 12.8 per cent compared to 2010 -- it was OMR381.9 million in 2011 compared with OMR338.5 million in 2010.
Meanwhile, foreign direct investment (FDI) into Oman was OMR12.71 billion at the end of 2011 compared with OMR11.51 billion in 2010, witnessing a 10.4 per cent increase.
FDI represented 49.7 per cent of the total foreign investment in 2011, while other foreign investment (OFI), which includes trade credit, loans and project finance, was 46.5 per cent.
Foreign portfolio investments (FPI) and on financial derivatives (FD) were only 3.2 per cent and 0.2 per cent, respectively.
Muscat: The Sultanate's foreign investments rose 36.5 per cent to OMR5.48 billion by the end of 2011 compared to 2010, according to data released by the National Centre for Information and Statistics (NCSI).
Omani investment abroad includes investment made by both Omani companies, as well as resident companies.
The largest outward foreign investment type was 'Other Investments', such as trade credit, loans and project finance, totalling 43.5 per cent of overall Omani investment abroad during 2011; while direct investment and portfolio investment reached 33.9 per cent and 22 per cent, respectively, of the Sultanate's total investment abroad.
As in previous years, the last survey results documented a noticeable growth of foreign investment size, at both the direct and indirect levels, supported by well informed government policies, legislations and economic incentives of the best global standards and practices.
Foreign investment is considered one of the sources that the Sultanate relies on to implement the programmes and policies of diversification of revenue which has been adopted by the government within the framework of the Vision for Oman's Economy- 2020 which requires providing related data that is characterised by quality, comprehensiveness and remaining timely.
"Omani direct investment abroad increased by 34.8 per cent in 2011 compared to 2010. This increase was due to the significant increase in the growth of investment in oil and gas exploration by 16.4 per cent and real estate (renting and business activities sector) by 17 per cent and the financial intermediation sector by 1.7 per cent in 2011 compared to 2010," the NCSI statistics revealed.
The United Arab Emirates (UAE) was the most important destination for Omani direct investments abroad at OMR381.9 million in 2011 (20.5 per cent of the total Omani direct investment). It was followed by India (7.2 per cent) and Pakistan (5.6 per cent).
Omani direct investment to the UAE achieved the highest growth rate in 2011 at 12.8 per cent compared to 2010 -- it was OMR381.9 million in 2011 compared with OMR338.5 million in 2010.
Meanwhile, foreign direct investment (FDI) into Oman was OMR12.71 billion at the end of 2011 compared with OMR11.51 billion in 2010, witnessing a 10.4 per cent increase.
FDI represented 49.7 per cent of the total foreign investment in 2011, while other foreign investment (OFI), which includes trade credit, loans and project finance, was 46.5 per cent.
Foreign portfolio investments (FPI) and on financial derivatives (FD) were only 3.2 per cent and 0.2 per cent, respectively.
© Times of Oman 2013
