Oman Investment Authority Launches $5.2 Billion Future Fund Oman to Grow Economy & Attract International Investors, Around $1 Billion to be Deployed Y
30th March 2024 | Hong Kong
Oman Investment Authority has launched a new Future Fund Oman with $5.2 billion AUM (Assets under Management) to grow economy & attract international investors with around $1 billion to be deployed yearly over next 5 years, of which 90% is allocated for new & existing large-scale projects in Oman, 7% to fund SMEs and 3% to invest in startups. The Future Fund Oman will partner investment with private sectors, businesses, foreign investors, SMEs & startups, with special focus on 8 sectors – tourism, manufacturing, green energy, fisheries, agriculture, ports & logistics, mining, information & communication technologies. Announcement (28/3/24): “In line with the national directive to boost Oman’s economic development and attract international investors, Oman Investment Authority (OIA) has launched the ‘Future Fund Oman’ with a robust capital of $5.2 billion. Designated for deployment over the next five years at a rate of approximately $1 billion annually, the Fund will allocate 90% of its capital to investing directly in commercially and economically viable new or existing large-scale projects located in Oman. The Fund will also allocate 7% of its capital towards funding support small and medium-sized enterprises (SMEs), and the remaining 3% is set to be invested in startups. Future Fund Oman is designed to partner with a diverse array of investor categories, including private sector entities, business proprietors, foreign investors, SMEs, and startups. The Fund will be looking to invest in a variety of sectors, with a special focus on eight critical sectors which are tourism, manufacturing, green energy, fisheries, agriculture, ports and logistics, mining, and information and communication technologies. This focus is intended to rejuvenate these vital sectors and contribute significantly to Oman’s broader economic objectives. In realization of its role to diversify the economy, the Fund will not be looking to invest in any oil and gas and real estate projects. H.E. Abdulsalam Al Murshidi, OIA’s President, highlighted that the Fund acts as a catalyst for economic diversification and is a reliable partner for investors worldwide. Additionally, it has a strategic focus on empowering the private sector, attracting FDI, empowering SMEs, and fostering venture capital. Interested investors can apply directly on https://futurefund.om/futurefund/ for easy access to financing information. Create an account, answer questions, and submit the Investment Opportunity Form for consideration. Application review may take up to three months with regular updates on status. Required documents vary based on project phase and nature. The Fund will adhere to OIA’s quality standards, which have already positioned the Authority in second place globally in the Governance and Sustainability Development Index between 2022 and 2023. Governed by an Investment Committee and an Advisory Committee, the Fund ensures strategic alignment with broader economic objectives while overseeing investment decisions.”
” Oman Investment Authority Launches $5.2 Billion Future Fund Oman to Grow Economy & Attract International Investors, Around $1 Billion to be Deployed Yearly Over Next 5 Years, 90% Allocated for New & Existing Large-Scale Projects in Oman, 7% to Fund SMEs & 3% to Invest in Startups, To Partner Investment with Private Sectors, Businesses, Foreign Investors, SMEs & Startups, Special Focus on 8 Sectors Tourism, Manufacturing, Green Energy, Fisheries, Agriculture, Ports & Logistics, Mining, Information & Communication Technologies “
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Oman Investment Authority Launches $5.2 Billion Future Fund Oman to Grow Economy & Attract International Investors, Around $1 Billion to be Deployed Yearly Over Next 5 Years, 90% Allocated for New & Existing Large-Scale Projects in Oman, 7% to Fund SMEs & 3% to Invest in Startups, To Partner Investment with Private Sectors, Businesses, Foreign Investors, SMEs & Startups, Special Focus on 8 Sectors Tourism, Manufacturing, Green Energy, Fisheries, Agriculture, Ports & Logistics, Mining, Information & Communication Technologies Future Fund Oman Managing $20 million to $3 billion. Investing $3 million to $300 million. For Investment Managers, Hedge Funds, Boutique Funds, Private Equity, Venture Capital, Professional Investors, Family Offices, Private Bankers & Advisors, sign up today. Subscribe to Caproasia and receive the latest news, data, insights & reports, events & programs daily at 2 pm. Join Events & Find Services Join Investments, Private Wealth, Family Office events in Hong Kong, Singapore, Asia-wide. Find hard-to-find $3 million to $300 million financial & investment services at The Financial Centre | TFC. Find financial, investment, private wealth, family office, real estate, luxury investments, citizenship, law firms & more. List hard-to-find financial & private wealth services. Have a product launch? Promote a product or service? List your service at The Financial Centre | TFC. Join interviews & editorial and be featured on Caproasia.com or join Investments, Private Wealth, Family Office events. Contact us at [email protected] or [email protected] Caproasia.com | The leading source of data, research, information & resource for financial professionals, investment managers, professional investors, family offices & advisors to institutions, billionaires, UHNWs & HNWs. Covering capital markets, investments and private wealth in Asia. How do you invest $3 million to $300 million? How do you manage $20 million to $3 billion of assets? Quick Links Caproasia Access | Events | Summits | Register Events | The Financial Centre The 2024 Investment Day | 2024 Family Office Summits | Family Office Circle 2021 Data Release 2020 List of Private Banks in Hong Kong2020 List of Private Banks in Singapore 2020 Top 10 Largest Family Office2020 Top 10 Largest Multi-Family Offices2020 Report: Hong Kong Private Banks & Asset Mgmt - $4.49 Trillion2020 Report: Singapore Asset Mgmt - $3.48 Trillion AUM For Investors | Professionals | Executives Latest data, reports, insights, news, events & programs Everyday at 2 pm Direct to your inbox Save 2 to 8 hours per week. Organised for success Register Below For CEOs, Heads, Senior Management, Market Heads, Desk Heads, Financial Professionals, Investment Managers, Asset Managers, Fund Managers, Hedge Funds, Boutique Funds, Analysts, Advisors, Wealth Managers, Private Bankers, Family Offices, Investment Bankers, Private Equity, Institutional Investors, Professional Investors Get Ahead in 60 Seconds. Join 10,000 + Save 2 to 8 hours weekly. Organised for Success. Sign Up / Register
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