Muscat: The Oman Investment Authority (OIA) revealed a series of achievements and performance indicators from its 2024 operations during its annual media briefing held on Sunday.
As part of its efforts to support national employment and economic diversification, the Authority announced the creation of 1,393 direct job opportunities for Omani nationals across its companies and affiliated institutions.
During the event, OIA said it also completed six successful divestments, redirecting the proceeds towards new investment opportunities, thereby enhancing the sustainability and dynamism of its assets.
The Authority expanded its global investment reach by allocating funds to 13 new international funds, while also establishing new strategic partnerships with both Turkey and Jordan, in line with its drive to enhance international cooperation.
OIA further noted an increase in Omanisation rates, reaching 93% in the Authority itself and 77.7% across affiliated companies, underlining its commitment to empowering national talent in the investment sector.
In support of local entrepreneurship, the Authority reported a total expenditure of RO 265.5 million on small and medium enterprises (SMEs) in 2024.
Key financial milestones
The media briefing also showcased several headline financial achievements. OIA's total assets surpassed RO 20 billion, underscoring its growing scale and investment footprint. Furthermore, profits exceeded RO 1.5 billion, reflecting strong returns on investments and prudent financial management.
The Authority reaffirmed its role in contributing to the national economy, with its entities channelling RO 800 million into the state budget, helping fund development projects and essential services.
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