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Muscat, Oman, March 26, 2024 /PRNewswire/ — In line with national boost directives oman Aiming to develop the economy and attract international investors, the Oman Investment Authority (OIA) has launched the Oman Future Fund with strong capital. $5.2 billion.
Oman Investment Authority establishes $5.2 billion Oman Future Fund to fund national investment projects, attract foreign investment, and support small and medium-sized enterprises
Approximately in the next 5 years 1 dollar The fund, which invests $1 billion annually, allocates 90% of its capital to direct investments in new or existing large-scale projects that are commercially and economically viable. oman. The fund will also allocate 7% of its funds to support financing for small and medium-sized enterprises (SMEs), and the remaining 3% to invest in startups.
Future Fund Oman is designed to partner with various categories of investors, including private sector entities, business owners, foreign investors, SMEs, and start-ups. The fund will look to invest in a variety of sectors, with a particular focus on eight key areas: tourism, manufacturing, green energy, fisheries, agriculture, ports and logistics, mining, and information and communication technology. This focus will revitalize these critical sectors and oman Broader economic goals. In order to fulfill its role of diversifying the economy, the Fund does not consider investing in oil and gas or real estate projects.
he Abdulsalam Al Murshidi, OIA Chairman, emphasized that the Fund acts as a catalyst for economic diversification and is a reliable partner for investors around the world. Additionally, there is a strategic focus on strengthening the private sector, attracting FDI, strengthening small and medium-sized enterprises, and nurturing venture capital.
Interested investors can apply directly at https://futurefund.om/futurefund/ for easy access to funding information. Create an account, answer questions, and submit an investment opportunity form for consideration. Your application may take up to 3 months to be reviewed as the status is updated regularly. The required documentation depends on the phase and nature of the project.
The Fund adheres to OIA’s quality standards and has already placed the agency second in the world on the 2022-2023 Governance and Sustainable Development Index. Managed by an Investment Committee and an Advisory Board, the Fund will ensure strategic alignment with broader economic objectives. while overseeing investment decisions.
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