The number of foreign direct investment (FDI) projects in Oman was up 7% last year, the Arab Investment and Export Credit Guarantee Corporation (Dhaman) reported. The information was made public by the Oman News Agency (ONA) on Thursday (9). Pictured above is Oman’s capital, Muscat.
Dhaman’s 35th annual report on the investment climate in Arab states shows FDI in Oman soaring from USD 2.5 billion in 2000 to USD 31.3 billion in 2019.
According to Dhaman, Oman gets 6% of FDI quotas targeting Arab countries. It ranks fifth among Arab countries and 68th worldwide in the Ease of Doing Business ranking.
In 2020, Arab countries were expected to keep pace with developments of FDI arriving in the region, ONA reported. However, the impact of the coronavirus pandemic on international trade and investment-led Dhaman to devote a new chapter to FDI prospects.
FDI into Arab countries accounted for 2.3% of USD 1.5 trillion in international credits, and 5.1% of the USD 685 billion going into developing countries.