Oman Launches Future Fund with 2 Billion Riyal Capital to Boost Key Economic Sectors
The Oman Investment Authority officially launched “Oman Future Fund” yesterday, with a capital of two billion Omani Riyals, divided over five years at a rate of 400 million Omani Riyals annually. The fund allocates 90 percent to new or existing direct investment projects that are commercially and economically viable and meet the feasibility study results, and 10 percent to small and medium enterprises and startups.
As reported by the Oman News Agency, the fund offers its services to private sector institutions, business owners, small and medium enterprises, as well as foreign investors. It targets eight sectors: tourism, industry and production, green energy, information technology and telecommunications, ports and logistics services, mining, fisheries, and agriculture. The fund aims to promote these sectors as a key enabler to stimulate the growth of the national economy and as a reliable partner for local and international investors looking to expand their projects in the Omani economy or enter the Omani market.
The fund will be governed by the Oman Investment Authority’s practices, which include global best practices, ensuring efficiency and flexibility in achieving the desired financial and economic objectives. It will also adhere to the quality standards committed to by the Authority.
