ADQ, OIA identify Dh30 billion worth of investment opportunities in Oman

ADQ, OIA identify Dh30 billion worth of investment opportunities in Oman

Two entities sign an MoU to establish an Dh592 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 Dh30 billion in new projects within Oman across target sectors, including hydrogen, solar and wind power generation, green aluminium, and steel, as well as water and electricity transmission lines. — Supplied photo

Published: Wed 28 Sep 2022, 3:25 PM

ADQ, an Abu Dhabi-based investment and holding company, discussed a range of investment opportunities with Oman Investment Authority (OIA), across various sectors aimed at at contributing to increased economic cooperation and trade between both nations.

The meeting was held on the sidelines of the President His Highness Sheikh Mohamed bin Zayed Al Nahyan’s visit to Oman.

ADQ and OIA recently entered into an Dh10 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 Dh592 million venture capital fund to invest in high growth technology companies in the Sultanate of Oman.

The parties also identified preliminary investments to be