RO 583 million FFO portfolio boosts investment drive

MUSCAT, JUNE 9
Future Fund Oman (FFO), a key investment arm of Oman Investment Authority (OIA), has unveiled a new portfolio of 105 strategic projects and investments worth RO 583 million, reinforcing the Sultanate of Oman’s drive to diversify its economy, attract foreign capital and strengthen private sector participation.
The newly announced portfolio includes RO 225 million in commitments from FFO, around RO 176 million in local investments and approximately RO 182 million in foreign direct investment (FDI). The projects are expected to generate 2,302 jobs, with 568 positions already filled.
The announcement was made during a special event organised by FFO to showcase its latest investments across priority sectors, including renewable energy, advanced manufacturing, tourism, healthcare, medical technologies, innovation and food industries.
Speaking at the event, Mulham bin Bashir al Jarf, Deputy President of Oman Investment Authority for Investment, said the new package represents a practical translation of the vision on which the fund was established.
“The portfolio of projects and investments reflects our commitment to directing capital towards national priority sectors and supporting initiatives capable of generating added value for the economy, enhancing competitiveness and creating new opportunities for growth and innovation”, he said.
Al Jarf noted that since its launch in early 2024, FFO has worked to establish itself as an economic catalyst and a trusted investment partner by forging strategic partnerships, supporting high-potential projects and enabling the private sector to participate in investment opportunities that contribute to economic diversification.
He added that the fund also plays an important role in enhancing Oman’s attractiveness to international investors by bringing in strategic partners and highlighting the country’s competitive advantages across a range of sectors.

The investment portfolio underscores FFO’s growing role in advancing the objectives of Oman Vision 2040 through economic diversification, venture investment, entrepreneurship development and foreign capital attraction.
Among the flagship projects announced is the Orion Solar Project in SOHAR Port and Freezone, which aims to establish the Middle East’s first fully integrated solar cell and module manufacturing facility. With an annual production capacity of six gigawatts, the project is expected to support the localisation of the entire solar energy value chain in Oman.
In Salalah, FFO has invested in the Jalant Industrial Project, which will produce 66,000 tonnes annually of lithium iron phosphate cathode active materials, a key component used in electric vehicle batteries and energy storage systems. The project is expected to strengthen Oman’s position in global clean energy and advanced technology supply chains.
In tourism, the fund has backed the Al Sawda Island Resort project in the Al Hallaniyat Islands, an integrated development spanning around 10 kilometres of coastline and designed to enhance Oman’s high-end tourism offering.
The fund has also invested in Station 11, described as Oman’s first integrated innovation hub. The project brings together startups, venture capital firms, researchers and policymakers under one roof to accelerate innovation, entrepreneurship and technology development.
Additional investments include Alma, a specialised animal nutrition company that plans to establish a world-class manufacturing and research centre with annual production capacity of 12,000 tonnes, as well as XCyber, a cybersecurity firm providing sovereign AI-powered solutions to protect critical infrastructure and systems.
In a major move to strengthen healthcare investments, FFO announced a RO 50 million Healthcare Investment Fund targeting opportunities in healthcare services, pharmaceuticals, medical technologies, digital health, diagnostics, insurance and medical research. The initiative aims to improve healthcare quality, localise medical industries and attract specialised investments into the sector.
The fund also revealed investments of RO 77 million each in Vivo Capital Fund, a leading global life sciences investment platform and Certares Fund, an international fund focused on tourism, travel and hospitality investments.
Beyond large-scale projects, FFO continues to expand support for startups and SMEs. The fund has backed 85 projects at the incubation stage, 53 startup and early-growth ventures, seven established SME projects through Tanmia Fund and 89 projects through Beehive Fund.
Among the notable SME investments are Alwajer Pharmaceuticals, an Omani pharmaceutical manufacturer exporting to regional and international markets, the Women and Children Specialty Hospital in Muscat and Yuzu Agricultural Company, which plans to expand its organic farming operations tenfold to support food security and agricultural growth.
Al Jarf reaffirmed that OIA, through Future Fund Oman, will continue working with investors, entrepreneurs and strategic partners to strengthen Oman’s position as an attractive investment destination and a regional hub for high-quality opportunities.
The latest investment package highlights the increasing role of FFO in mobilising local and international capital into sectors that can deliver sustainable growth, technology transfer, job creation and long-term economic value for the Sultanate of Oman.