His Highness Sayyid Belarab bin Haitham Al Said highlights Oman Future Fund’s boost to SMEs

His Highness Sayyid Belarab bin Haitham Al Said highlights Oman Future Fund’s boost to SMEs

His Highness Sayyid Belarab bin Haitham Al Said, Honorary Chairman of the Omani Emerging Companies Programme, visited the Oman Investment Authority.

The post His Highness Sayyid Belarab bin Haitham Al Said highlights Oman Future Fund’s boost to SMEs appeared first on The Arabian Stories News.Muscat: His Highness Sayyid Belarab bin Haitham Al Said’s visit underscored the pivotal role of the Oman Future Fund in fostering the growth of SMEs and innovative startups. The fund, launched by the Oman Investment Authority last January, has been positioned as a reliable investment partner dedicated to stimulating venture investment within the Sultanate.

A key highlight of the fund is its commitment to allocate 10% of its capital specifically for SMEs. This strategic move aims to enhance access to non-traditional financing, particularly for innovation-driven and technology-based emerging companies. By doing so, the fund seeks to contribute significantly to economic diversification, attract investments, and forge strategic partnerships within targeted sectors in Oman.

During the briefing, His Highness was presented with detailed insights into the fund’s objectives and the agency’s broader investment activities. The session also spotlighted the major achievements of 2023, demonstrating the agency’s integral role in promoting economic development and achieving financial sustainability through sectoral integration.

The post His