OIA launches RO2bn Oman Future Fund

OIA launches RO2bn Oman Future Fund

Oman Investment Authority officially launched Oman Future Fund on Wednesday to serve a wide range of investment categories.Muscat – Oman Investment Authority (OIA) officially launched Oman Future Fund on Wednesday to serve a wide range of investment categories.

The fund has a capital of RO2bn that will be utilised over a five-year period – RO400mn every year. The fund will allocate 90% of its capital to directly invest in new or existing projects that prove to be commercially and economically viable. The remaining 10% is divided into 7% allocated to SMEs and 3% for startups.

It will offer funding and investment solutions to various investor categories, including private sector organisations, business owners, SMEs, foreign investors and startups. With the exception of oil and gas and real estate in direct local investments, the fund will focus on eight targeted sectors – tourism, manufacturing, green energy, information and communication technologies, ports and logistics, mining, fisheries and agriculture.

The launch is in line with Royal directives to realise the objectives and mandates of OIA and drive its efforts further to develop the national economy and attract foreign investments.

Launching the fund, Abdulsalam al Murshidi, President of OIA, emphasised the fact that it was established in line with