HH Sayyid Bilarab bin Haitham Al Said, as the Honorary President of the “Rising Omani Start-ups Programme”, recently visited the Oman Investment Authority (OIA) to learn more about the role of the Future Fund Oman in promoting small and medium enterprises (SMEs) and emerging companies, particularly startups. During his visit, he discovered that Future Fund Oman plays a crucial role as a reliable investment partner for SMEs and startups by allocating 10% of its capital to these firms, thus expanding their access to non-traditional financing options. Additionally, the fund contributes to economic diversification, enters into investment partnerships, and attracts investments to targeted sectors in the Sultanate of Oman.
Moreover, HH Sayyid Bilarab bin Haitham Al Said was briefed on OIA’s business tasks and investment activities in 2023, which affirm its significant role in promoting economic development and integration with other sectors in order to achieve financial sustainability. The Future Fund Oman not only supports SMEs and startups but also helps in boosting the overall economy of Oman by providing financial assistance and creating opportunities for growth and expansion. Furthermore, the fund’s contribution to economic diversification and investment partnerships is crucial in attracting investments to targeted sectors within the Sultanate of Oman.
In essence, HH Sayyid Bilarab bin Haitham Al Said’s visit to OIA shed light on the important role that the Future Fund Oman plays in promoting SMEs and startups in the Sultanate of Oman. By allocating a portion of its capital to these emerging companies, the fund helps expand their access to financing and supports economic diversification within the country. Additionally, OIA’s business tasks and investment activities in 2023 highlight its commitment to promoting economic development and achieving financial sustainability through strategic investments in various sectors.
HH Sayyid Bilarab bin Haitham Al Said’s visit to Oman Investment Authority (OIA) not only emphasized the significance of the Future Fund Oman in supporting SMEs and startups in Oman but also showcased OIA’s dedication to promoting economic development and integration with other sectors. By providing reliable investment partnerships and attracting investments to targeted sectors, the fund plays a crucial role in boosting the overall economy of Oman and creating opportunities for growth and expansion for emerging companies. This visit highlighted the collaborative efforts of both OIA and the Future Fund Oman in promoting economic sustainability and development in the Sultanate.
Overall, the visit of HH Sayyid Bilarab bin Haitham Al Said to Oman Investment Authority (OIA) was informative and highlighted the important role that the Future Fund Oman plays in supporting SMEs and startups in Oman. By expanding access to non-traditional financing and promoting economic diversification, the fund contributes significantly to the growth and development of emerging companies in the Sultanate. Additionally, OIA’s commitment to promoting economic development and integration with other sectors is evident through its business tasks and investment activities in 2023, further affirming its role in achieving financial sustainability and contributing to the overall economic growth of Oman.
