Omani-Jordanian investment firm launched with $100 million capital

Oman and Jordan have launched a new investment company, a significant step aimed at bolstering economic cooperation and deepening historical ties between the two nations. The Omani-Jordanian investment company, capitalized at OMR 38.5 million, is equally owned by the Oman Investment Authority (OIA) and Jordan's Social Security Investment Fund (SSIF).

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This Omani-Jordanian strategic partnership represents a landmark moment in the trajectory of bilateral relations, translating the directives of the leaderships of both countries into tangible projects that reinforce economic ties.

This strategic venture will focus on promising sectors crucial to both countries' economic priorities, including telecommunications and information technology, agricultural wealth and food security, medical equipment and pharmaceuticals, energy, mining, tourism, and logistics services. The initiative is designed to foster economic diversification, invigorate local markets, and generate added value, supporting the growth and integration of companies within both Oman and Jordan.

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It builds upon a legacy of cooperation, knowledge exchange and investment in promising ventures with sustainable economic and developmental impact, advancing the shared interests of both nations.

Mulham Basheer Al Jarf, Deputy Chairman of OIA for Investment, highlighted the partnership as a landmark moment, translating leadership directives into tangible projects. He emphasized its role in advancing economic diplomacy, strengthening Arab partnerships, and diversifying the OIA's investment portfolio. "This Omani-Jordanian strategic partnership represents a landmark moment in the trajectory of bilateral relations, translating the directives of the leaderships of both countries into tangible projects that reinforce economic ties," Al Jarf stated.

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This partnership strengthens the Authority's role in implementing economic diplomacy, deepening collaborative bridges with partners in Arab states, directing investments toward priority sectors and enhancing the geographic and sectoral diversification of the Authority's portfolio.

Dr. Ezz Eddin Kanakrieh, Chairman of SSIF, echoed this sentiment, calling the agreement a strategic milestone that embodies a shared vision for deploying capital and expertise in priority sectors. This collaboration builds on a history of OIA partnerships with countries like Qatar, China, and India, further extending its regional and international reach.

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This agreement represents a strategic milestone in the cooperation journey between the Fund and Oman Investment Authority, embodying a shared vision grounded in the effective deployment of capital and institutional expertise to develop economically viable investments in priority sectors.