Oman Investment Authority (OIA) has launched the Oman Future Fund with a capital of RO 2 billion (USD 5.2 billion), in support of national goals to promote targeted economic sectors and attract foreign investments.
The fund's capital will be divided over the next five years at a rate of one billion dollars annually, 90 percent of which will be allocated to investment in major projects with financial and economic feasibility within the Sultanate of Oman, whether new or existing. 7 percent of the fund's capital will be allocated to financing SMEs, and the remaining 3 percent will support startups. The fund will serve projects operating in eight targeted sectors: tourism, industry, production, green energy, fisheries, agriculture, ports, logistics, mining, and information and communication technology.
Source (Al-Khaleej Emirati Newspaper, Edited)
