Pearl REIF provides unique opportunity to diversify investments

Pearl REIF provides unique opportunity to diversify investments

Muscat: In line with Oman Vision 2040, the government has been pursuing several initiatives toward economic diversification through enhancing investment opportunities and creating a robust investment ecosystem that nurtures financial stability and sustainability for all investors.

Earlier this year, Oman Investment Authority (OIA), the government-owned entity that manages and develops the Sultanate’s funds and assets, and Omantel, Oman’s leading integrated telecommunications services provider, together announced the formation of The Pearl REIF, a real-estate investment fund approved by the Capital Market Authority (CMA) aimed at offering a unique opportunity to invest in large-scale, income-producing real estate. Sohar International Bank (Sohar International) is providing financial advisory, investment management and placement services of The Pearl REIF.

A REIF is a fund that owns and typically operates income-producing real estate or related assets. These may include office buildings, shopping malls, apartments, hotels, resorts, self-storage facilities, warehouses, and mortgages or loans. REIFs provide a way for institutional and individual investors to earn a share of the income produced through commercial real estate ownership – without actually having to go out and buy commercial real estate.

Speaking on the investment opportunity, Wahbi Sulaiman Al Riyami, Chairman, The Pearl REIF said, “OIA and Omantel jointly have formed The Pearl REIF,