Oman, Jordan launch RO 38.5m joint investment company

Muscat: Oman Investment Authority (OIA) and Jordan's Social Security Investment Fund (SSIF) have signed an agreement to establish an Omani-Jordanian investment company with a capital of RO 38.5 million, marking the beginning of a new era of joint investment cooperation between the two countries and further strengthening their long-standing historical ties and growing economic relations.

To be equally owned by both sides, the proposed company will invest in several strategic and high-potential sectors that support the economic priorities. 
The targeted sectors include telecommunications and information technology; agriculture and food security; medical equipment and pharmaceuticals; energy; mining; tourism and logistics.

Mulham bin Basheer al Jarf, deputy president of OIA, said the strategic Omani-Jordanian partnership represents a significant milestone in bilateral relations, translating the directives of the leadership of the two countries into projects that strengthen economic cooperation.

He added that the partnership builds on a legacy of cooperation, knowledge exchange and investment in promising projects with sustainable economic and developmental impact that advance the shared interests of Oman and Jordan.

Similarly, Dr Ezzeddin Kanakrieh, Chairman of Jordan's Social Security Investment Fund (SSIF), said the agreement marks a strategic step in strengthening cooperation between the Fund and the Oman Investment Authority.

He noted that the partnership reflects a mutual vision of leveraging capital and institutional expertise to develop economically viable investments in priority sectors, while supporting the Fund's strategy of expanding its presence at both the regional and international levels.

The agreement ushers in a new phase of joint investment based on sound governance and operational efficiency, following the OIA's strategic partnerships with Qatar, Türkiye, China, Uzbekistan, Vietnam, Pakistan, Spain, Azerbaijan, India, Brunei Darussalam, Kazakhstan and Belarus.

Furthermore, it underscores the OIA’s commitment to elevating the Sultanate of Oman's position as a regional hub for quality investments and a driver of sustainable economic development through long-term partnerships that facilitate knowledge transfer, attract capital and strengthen the competitiveness of the Omani economy across key sectors.