ADQ and OIA identify AED 30bln worth of investment opportunities in Oman

ADQ and OIA identify AED 30bln worth of investment opportunities in Oman

- ADQ and OIA recently entered into an AED 10 billion partnership to facilitate investments in the Sultanate of Oman

- ADQ and Oman Information, Communication and Technology Group (ITHCA) sign an MoU to establish an AED 592 million venture capital fund to invest in the Sultanate of Oman

Abu Dhabi, UAE – On the sidelines of His Highness Sheikh Mohamed bin Zayed Al Nahyan, President of the UAE’s, visit to Oman, ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority (OIA), across a variety of sectors aimed at contributing to increased economic cooperation and trade between both nations.

ADQ and OIA recently entered into an AED 10 billion partnership agreement to facilitate investments between the UAE and Oman in sectors of mutual priority and interest.

Additionally, ADQ and Oman Information, Communication and Technology Group (ITHCA), a wholly owned subsidiary of the OIA, signed an MoU to establish an AED 592 million venture capital fund to invest in high growth technology companies in the Sultanate of Oman.

The parties also identified preliminary investments to be assessed further that are worth over AED 30 billion in new projects within Oman across target sectors including hydrogen, solar and