Oman's Future Fund Signs Deals Worth $1.5 Billion for 105 Projects

Future Fund Oman, an initiative of the Oman Investment Authority, has significantly boosted its investment portfolio by signing agreements for 105 new projects totaling OMR583 million. The fund committed OMR225 million, complemented by approximately OMR176 million in local investments. These ventures are poised to attract an estimated OMR182 million in foreign direct investment and generate 2,302 planned job opportunities, with 568 already filled.

The strategic investments span critical sectors including tourism, renewable energy, advanced industries, healthcare, medical technologies, and innovation. This initiative was highlighted during an event showcasing the fund's recent activities, underscoring its role in achieving Oman Vision 2040 objectives. The fund aims to drive economic diversification, empower the private sector, stimulate venture capital, and attract foreign capital into high-potential industries.

Mulham Basheer Al Jarf, Deputy Chairman of Oman Investment Authority for Investments, emphasized that these projects translate the fund's core vision: directing investments toward national priorities, supporting value-adding initiatives, and enhancing competitiveness. He noted that since its launch in early 2024, the fund has acted as an economic catalyst by forging strategic partnerships and enabling private sector expansion.

Further details revealed specific investments, including OMR77 million in Vivo Capital, a healthcare investment fund, and another OMR77 million in Certares, a global tourism and hospitality fund. Additionally, Future Fund Oman established a Health Investment Fund with OMR50 million to target high-impact opportunities within the healthcare sector. These moves demonstrate a clear strategy to support key national sectors and build specialized investment partnerships.

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the portfolio of projects and investments represents a practical translation of the Fund’s founding vision, namely directing investments toward national priority sectors, supporting initiatives and projects capable of adding value to the national economy, enhancing competitiveness, and opening new horizons for growth and innovation.