Muscat: The Oman Investment Authority (OIA) has officially launched the Oman Future Fund, with a capital of RO2 billion for five years (2024-2028), at a rate of RO400 million riyals each year.
Nearly, 90 percent of the fund will focus on direct investment in the economy while the remaining 10 percent will focus on SMEs and venture capital.
Abdul Salam bin Mohammed al Morshedi, Chairman, of OIA, said that the Oman Future Fund will be a major enabler in stimulating the growth of the national economy and a reliable partner for local and international investors wishing to expand the scope of their projects in Oman.
It will contribute to integrating the private sector and supporting small and medium enterprises, in addition to stimulating the venture investment system in the Sultanate of Oman.
The fund will serve as a third portfolio for the agency in addition to the two current investment portfolios.
The Oman Future Fund will target investments in industry and manufacturing, Green energy, Information technology, and economic sector, the mining sector, fisheries, agriculture, ports, and logistics services sectors.
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