MUSCAT: Oman Investment Authority (OIA) has further advanced the “Omani Angle” of its international investments by signing an investment agreement in partnership with Hong Kong’s Innovation and Technology Commission and China-based Templewater. Under the agreement, OIA will commit 25 per cent of Templewater Innovation Fund’s capital, with the Fund allocating 50 per cent of its total capital to investments in a range of promising sectors in the Sultanate of Oman.
Signed as part of OIA’s participation in the Belt and Road Summit 2026, hosted in Hong Kong, the agreement reflects OIA’s approach to leveraging its international investments to create added value for the national economy. OIA’s commitment to the Fund is matched by an allocation twice that size for investment in the Sultanate of Oman, helping attract capital, companies and technologies to local sectors, facilitate knowledge transfer, build partnerships and open new markets, while supporting economic diversification objectives.
The agreement falls under Hong Kong’s Innovation and Technology Venture Fund programme, through which the Innovation and Technology Commission is establishing Templewater Innovation Fund in collaboration with Templewater. The Fund will invest in promising innovation and technology companies, supporting their growth and expansion while focusing on a range of future-oriented sectors, including advanced manufacturing, new energy, artificial intelligence and data science and health and life sciences.
Muneer bin Ali bin Nasser al Muneeri, Deputy President of Oman Investment Authority for Operations, said that OIA seeks to leverage its international investments to create value that extends beyond financial returns, an approach embodied by the Omani Angle. This involves connecting global investment opportunities with the needs of the national economy and attracting capital, technologies, expertise and partnerships to the Sultanate of Oman, thereby multiplying the targeted impact of OIA’s investments and creating new opportunities in the innovation and technology sectors.
For his part, Cliff Zhang, Chairman and CEO of Templewater, said: “Our partnership with Oman Investment Authority represents an important step towards connecting capital, innovation and industrial expertise with opportunities between Hong Kong and the Sultanate of Oman. We see Oman as a promising environment for technology companies to grow and expand into regional markets. Through the Templewater Innovation Fund, we will support high-potential companies and create opportunities that facilitate technology transfer, build partnerships and generate sustainable economic value”.
The agreement also forms part of broader efforts to strengthen investment and economic relations between the Sultanate of Oman and the People’s Republic of China under the Belt and Road Initiative, while leveraging Hong Kong’s position as a financial and investment hub connecting Asian markets with regional and international markets, alongside Oman’s strategic location and the access it provides to regional markets.
The enhanced Innovation and Technology Venture Fund Programme is a government initiative launched by Hong Kong and administered by its Innovation and Technology Commission. It aims to mobilise private capital to support the ecosystem of start-ups operating in innovation and technology sectors. Templewater was selected as a fund manager under the Enhanced Programme, leveraging its investment and sector expertise, as well as its institutional and industrial network, to support the growth and expansion of these partnerships and transform their technological potential into sustainable commercial opportunities.
The participation of OIA at the Belt and Road Summit 2026 was part of an Omani delegation headed by Al Muneeri and included a number of CEOs of OIA companies, as well as representatives from the Future Fund Oman, affiliated with OIA, International Financial Centre of Oman, Muscat Stock Exchange, Sohar International Bank and a number of joint funds overseen by OIA.
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