Muscat- The sultanate received US$19.6bn as foreign direct investment (FDI), the maximum in the Arab world during 2018, a new report by the Arab Investment and Export Credit Guarantee Corporation (AIECGC) has revealed. 

The ‘Investment Climate Report 2019’ published by AIECGC stated that the Arab nations got US$83.45bn in 2018, while the GCC countries attracted a total of US$51.6bn as FDI.  

Among the Arab countries, Oman got the maximum at US$19.635bn, providing 10,897 new jobs. Fifty seven projects executed by 44 companies received the FDI.

After Oman, Saudi Arabia received the maximum at US$15.5bn, followed by the UAE at US$14.1bn.
Of the total investments in the Arab world, Oman’s share was highest at 23.5 per cent, followed by Saudi Arabia at 18.6 per cent and the UAE at 16.9 per cent.

In the GCC, the investments were made in 635 new projects, led by 528 companies, providing 60,000 new jobs. While for whole of the Arab world, FDI went into 876 projects, led by 701 companies and employing 134,211 people.

 

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