By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Gulf PressGulf Press
  • Home
  • Gulf News
    • Saudi Arabia
    • UAE24/7
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • World
  • Business
    • Market DataLive
    • Finance
    • Economy
    • Energy
    • Crypto
    • ForexHot
    • Tech
  • Sports
  • Lifestyle
  • Videos
Search
Countries
  • Saudi Arabia
  • UAE
  • Kuwait
  • Qatar
  • Bahrain
  • Oman
More Topics
  • Technology
  • Health
  • Entertainment
  • Crypto
  • Forex
  • Stocks
Site Links
  • Business Hub
  • Trending
  • Weather
  • Customize Interests
  • Bookmarks
  • Newsletter
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Reading: Oman Future Fund reveals investment projects totaling more than OMR830 million
Share
Notification Show More
Recent Saved
Workers in Bucharest face challenges as temperatures rise
World
Dress code guidelines for the Qatari government sector during office hours
Qatar
Court rules in favor of worker after company dismisses him for salary deductions over 6 years, awarding BD 27,000.
Bahrain
UAE to See Almost 30,000 New Millionaires in 5 Years
UAE
Proposed New Labor Law in Bahrain Targets Increasing Job Opportunities
Bahrain
Latest News
UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech
Beat the Heat This Summer with a Chill Out on Dubai Marina
World
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World
Jordan to Host Iraq in the Final Round of the Asian World Cup Qualifiers After Securing Historic Spot
Sports
The Myriad Redefines Student Living for a Mobile, Urban Generation
UAE
L’Oréal Paris Welcomes Yasmine Sabri as New Brand Ambassador for the Middle East
Lifestyle
Roland Garros 2025: A New Era of Viewing, A Tribute to Legends, and Moments to Remember
Sports World
Bitget Celebrates Bitcoin Pizza Day by Distributing Over 5000 Pizzas in Over 20 Cities Worldwide
Crypto
Bitget Protection Fund Maintains Strength with $561 Million Average Value in April 2025
Business Crypto
Moscow Metro Marks 90 Years with Technological Advancements and Heritage Events
Lifestyle World
Senkron Digital Showcases CyberPact Service at GISEC Global 2025
Gulf UAE
Muhammad Umair Saeed: The Billionaire Tech Architect Powering AI, Drones, Blockchain & Cybersecurity from Dubai to the World
Business Gulf UAE
Barcelona Aims to Recover from European Heartbreak as They Face Real Madrid in La Liga, Chasing Their Third Title of the Season
Sports
UAE with 47% and Qatar with 36% Surge in Viewing Minutes as TOD Unveils its Enhanced Streaming Experience TOD 2.0
Lifestyle
Aa
Gulf PressGulf Press
Aa
  • Gulf News
  • World
  • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Videos
Search
  • Home
    • Videos
    • Business Hub
    • Trending
  • Gulf
    • Saudi Arabia
    • UAE
    • Kuwait
    • Qatar
    • Bahrain
    • Oman
  • Business
    • Market Data
    • Crypto
    • Economy
    • Energy
    • Finance
    • Forex
    • Tech
  • More News
    • World
    • Lifestyle
    • Entertainment
    • Sports
Have an existing account? Sign In
Follow US
  • Terms
  • Press Release
  • Advertise
  • Contact
© 2023 Gulf Press. All Rights Reserved.
Gulf Press > Gulf > Oman > Oman Future Fund reveals investment projects totaling more than OMR830 million
Oman

Oman Future Fund reveals investment projects totaling more than OMR830 million

News Room
Last updated: 2024/10/02 at 11:49 AM
News Room
Share
3 Min Read
SHARE

Oman Future Fund, owned by Oman Investment Authority, has announced the first batch of its investment projects in partnership with local companies and international investors, with a total value exceeding OMR832 million. These projects cover 10 different vital sectors in the Sultanate of Oman, including technology, industry, tourism, new energy, and electric vehicles. The Fund’s investments in these projects amount to OMR220 million, and they are expected to generate more than 1,600 direct job opportunities.

Mulham Bashir Al Jarf, Deputy Chairman of Oman Investment Authority, highlighted that these projects reflect the Authority’s efforts to achieve the strategic objectives of Oman Future Fund. The focus is on stimulating and developing the local economy, advancing targeted economic sectors, integrating with the private sector, attracting foreign investments, and generating business opportunities for small and medium enterprises and startups. Since the Fund began its operations in January 2024, it has received over 212 applications from local and foreign investors, demonstrating a great turnout and interest in the Fund’s investment opportunities.

Among the direct projects category announced by the Fund is the United Solar factory located in Sohar Free Zone, which is one of the largest factories in the world in the polysilicon industry. This factory contributes to the development of downstream renewable energy industries, including the solar panel industry. In addition, the Fund is partnering with the Chinese IDG Capital Fund for the IDG Oman Investment Fund, focusing on information and communications technology, renewable energy, and electric vehicles. Another partnership with the Chinese EWTP Capital Fund, the EWTP Oman Fund, targets investment in Oman’s information and communications technology, energy, tourism, and agriculture sectors.

The mechanism for investing in direct local projects by Oman Future Fund includes partnership or lending, with the ownership percentage of the Fund in the project not exceeding 40 percent. The focus is on projects targeting growth, with the Fund’s investment ranging between OMR5-100 million. Small and medium enterprises projects are also on the Fund’s agenda, with investments made through partnership or venture capital. The maximum investment limit in these projects is OMR5 million, without owning majority shares, and focusing on investing in the capital allocated for growth and expansion.

Overall, the projects undertaken by Oman Future Fund in partnership with local companies and international investors cover various sectors essential for the growth and development of the Sultanate of Oman’s economy. The Fund’s focus on stimulating and developing the local economy, integrating with the private sector, attracting foreign investments, and generating job opportunities reflects its commitment to achieving strategic objectives. With a diverse portfolio of investments in vital sectors such as technology, tourism, and new energy, the Fund is paving the way for sustainable economic growth and prosperity in Oman.

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
I have read and agree to the terms & conditions
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
News Room October 2, 2024
Share this Article
Facebook Twitter Copy Link Print
Previous Article New Stem Cell Laboratory Opens in the UAE – News
Next Article Ukrainian forces withdraw after years of fighting, Vuhledar falls.
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3k Followers Like
69.1k Followers Follow
56.4k Followers Follow
136k Subscribers Subscribe
- Advertisement -
Ad imageAd image

Latest News

UAE Ranks Among Top Rugby Markets on TOD as British & Irish Lions Tour Kicks Off
Sports July 6, 2025
Darven: A New Leap in AI-Powered Legal Technology Launching from the UAE to the World
Tech July 1, 2025
Beat the Heat This Summer with a Chill Out on Dubai Marina
World July 1, 2025
Historic Italian City of Assisi to Host International Exhibition “Jordan: Dawn of Christianity”
World June 28, 2025

You Might also Like

Oman

North Al Batinah reveals extensive Shinas Marine Park spanning 35,000 square meters

January 6, 2025
Oman

Official holiday declared for ROP staff

January 6, 2025
Oman

RAFO’s quick action saves the life of an Omani child

January 6, 2025
Oman

Survey on Non-Communicable Diseases (NCDs) to Improve Healthcare System in Oman

January 6, 2025
Oman

Notification of Pilgrimage Eligibility for Individuals to be Sent via SMS Starting on Tuesday

January 6, 2025
Oman

HM the Sultan awards medals of Royal Commendation and Excellent Service to officers of the Royal Oman Police

January 6, 2025
Oman

His Majesty congratulates the King of Bahrain and the Emir of Kuwait

January 5, 2025
Oman

Undersecretary for Political Affairs meets with UN Special Envoy for Yemen

January 5, 2025
//

Gulf Press is your one-stop website for the latest news and updates about Arabian Gulf and the world, follow us now to get the news that matters to you.

Quick Link

  • Privacy Policy
  • Terms of ue
  • Advertise
  • Contact

How Topics

  • Gulf News
  • International
  • Business
  • Lifestyle

Sign Up for Our Newsletter

Subscribe to our newsletter to get our latest news instantly!

I have read and agree to the terms & conditions
Gulf PressGulf Press
Follow US

© 2023 Gulf Press. All Rights Reserved.

Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

I have read and agree to the terms & conditions
Zero spam, Unsubscribe at any time.

Removed from reading list

Undo
Welcome Back!

Sign in to your account

Lost your password?