Oman's $5.2 Billion Future Fund Unveils $1.744 Billion in Projects
Future Fund Oman, managed by the Oman Investment Authority, has announced a new slate of 105 strategic projects and investments totaling $1.744 billion. The move supports the Sultanate's economic diversification efforts across key sectors.
Muscat, Oman – The Future Fund Oman (FFO), managed by the Oman Investment Authority (OIA), has announced a new package of 105 strategic projects and investments valued at $1.744 billion, as the Sultanate advances its economic diversification agenda.
The portfolio includes FFO commitments of $585 million and approximately $458 million in local investments, spanning sectors such as renewable energy, advanced manufacturing, tourism, healthcare, medical technology, innovation, and the food industry.
"This portfolio directs capital into sectors prioritized nationally and strengthens Oman's attractiveness to global investors," stated H.E. Mulham Al Jarf, Deputy President for Investments at OIA. He noted the fund's ambition to establish itself as an economic enabler and a trusted investment partner.
Key international projects include Orion Solar's integrated solar cell and module manufacturing facility in SOHAR Freezone, the first in the Middle East. Additionally, the Gallant Industrial Project will produce lithium-iron phosphate cathode material for electric vehicle batteries. The fund is also backing tourism development with the As' Sodah Island Resort, an innovation hub named Terminal 11, and investments in pet food producer Alma and cybersecurity firm XCyber.