Muscat: The Ministry of Economy reported that the Foreign Direct Investment (FDI) rapidly rose to nearly hit the Ro 16 billion by the end of Q3 of 2020-21.

The majority of the FDI’s increase was attributed to the Oil & Gas Sector with the Manufacturing and Financial Brokerage sectors covering up the rest.

The Ministry stated that the growth in FDI was achieved despite of the economic difficulties faced due to the pandemic.