Launched $5.2 billion Future Fund for FDI and SMEs
17 Jan 2024
On 17 January 2024, the Oman Investment Authority (OIA) launched "the future fund Oman" to invest in a wide range of industries to develop the national economy and attract foreign investments. The fund has a capital of $5.2 billion that will be invested over the next five years, allocating 90 per cent of its capital to directly invest in new or existing investment projects that prove to be commercially and economically viable. The remaining 10 per cent is divided into 7 per cent allocated to SMEs and 3 per cent allocated to startups.
The newly established fund will invest in eight strategic sectors, including tourism, manufacturing, green energy, information and communication technologies, ports and logistics, mining, fisheries, and agriculture. It offers its funding and investment solutions to various investor categories including private sector organisations, business owners, SMEs, foreign investors, and startups.
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Type:
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Promotion and facilitation (Investment incentives)
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Industry:
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Primary (Agriculture, forestry and fishing, Mining and quarrying)
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Manufacturing
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Services (Transportation and storage, Accommodation and food service activities, Telecommunications, Other service activities)
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Sources:
