The Oman Investment Authority (OIA) has reported successes in its investments in the Singaporean company Rotary and the Brazilian company Entrevias in 2023. These investments are part of OIA’s Future Generations Fund (FGF), aimed at expanding global market investments and strategic partnerships that yield substantial profits and returns. Additionally, these investments help transfer advanced expertise and technologies to local sectors in Oman and attract foreign investors and capital.
In its tenth quarterly issue of the newsletter ‘Enjaz and Eejaz,’ OIA highlighted the significant revenue growth achieved by Rotary. The company’s revenues increased by 19% in 2023, driven by large-scale projects in multiple countries and investments in renewable energy and petrochemicals. OIA’s investment in Rotary dates back to 2008 when it acquired a 21.4% stake, increasing to 35% in 2018. Rotary is a leading provider of integrated engineering and construction services in the Asia-Pacific region with major projects in various countries.
OIA is committed to incorporating an Omani dimension into its foreign investments, collaborating with Rotary to leverage its global expertise for projects involving OIA companies in local sectors. Additionally, OIA is exploring potential partnerships with international investors through Rotary’s extensive network. The newsletter also highlighted the performance of Entrevias, a company operating in the infrastructure sector through investments in toll roads in São Paulo, Brazil. Entrevias experienced notable growth in traffic leading to a 17% increase in revenues in 2023 compared to 2022.
The latest issue of ‘Enjaz and Eejaz’ shed light on factors contributing to OIA’s success, including an interview focusing on OIA’s human capital. OIA’s team comprises professionals with high-quality expertise and certifications, including CFA-holders and employees with specialized university degrees. The newsletter also discussed the ‘Silal Market’ in the fruits and vegetables sector, featured a community member working at an OIA subsidiary, and introduced the ‘Oman Scholars’ initiative launched by OIA Company, Takatuf Oman.
Overall, OIA’s investments in Rotary and Entrevias have yielded significant returns, contributing to revenue growth and successful partnerships. The focus on transferring expertise to local sectors and attracting foreign investors aligns with OIA’s mission to expand global market investments and strengthen strategic partnerships. The dedication to human capital and investment in talent further enhance OIA’s operations and activities. Through initiatives like the ‘Oman Scholars’ program, OIA continues to enhance education and leadership among Omani students, further contributing to Oman’s economic growth and development.
