TLDR:
- Oman Investment Authority launches a $5.2 billion fund called the Future Fund Oman.
- The fund will invest in Omani projects and companies, with a focus on economic diversification and empowering the private sector.
Oman’s sovereign wealth fund, Oman Investment Authority (OIA), has unveiled a $5.2 billion fund aimed at investing in Omani projects and companies. Named the Future Fund Oman, the fund plans to deploy $1 billion annually over the next five years. The majority of its capital, up to 90%, will be directed towards commercially and economically-viable large-scale projects located within Oman. Additionally, 7% of the fund’s capital will be allocated to Oman-based SMEs, while the remaining 3% will be invested in startups. The OIA sees this fund as a key player in promoting economic diversification, with a focus on empowering the private sector, attracting foreign direct investment (FDI), supporting SMEs, and fostering venture capital.
