The 16th Annual Meeting of the International Forum of Sovereign Wealth Funds (IFSWF) recently concluded in Muscat, marking the largest gathering in its history. Hosted by the Sultanate of Oman, through the Oman Investment Authority, the event saw a record number of over 300 participants from 46 countries, including heads of state, ministers, and CEOs representing over 50 sovereign wealth funds. The forum aimed at building foundations for stability and prosperity, with a focus on promoting global investments, strengthening relations with sovereign wealth funds, and fostering strategic partnerships that benefit all.
Under the patronage of His Highness Sayyid Theyazin bin Haitham Al Said, the forum’s opening ceremony showcased Oman’s commitment to global standards in governance and sustainability in wealth management. His Highness emphasized Oman’s dedication to stability and prosperity, welcoming global investments and enhancing relations with sovereign wealth funds worldwide. An official dinner hosted by Oman Investment Authority brought together senior officials, ministers, and dignitaries to honor the distinguished guests of the annual forum, underlining the importance of strengthening economic and investment cooperation.
During the annual meeting, several side meetings were held, focusing on exploring investment cooperation and signing memorandums of cooperation. Discussions between Oman Investment Authority and representatives from countries such as Nauru and Kuwait centered around enhancing economic and investment collaboration to establish strategic partnerships across various sectors. The signed agreements aim to strengthen investment partnerships between Oman and other countries, fostering economic growth and expanding cooperation in mutually beneficial areas.
Recognizing the rich discussions held during the meeting, forum members decided to elevate the status of the accompanying conference, renaming it the ‘Muscat Dialogue.’ This dynamic platform promotes dialogue and cooperation on investment, sustainable development, and global economic issues. The dialogue topics aligned with Oman Vision 2040’s national priorities, covering areas such as energy transition, artificial intelligence, and the advancing roles of sovereign wealth funds. A highlight was a dialogue with Elon Musk on various investment opportunities and the impact of energy transition on developing economies.
Oman Investment Authority highlighted the Omani perspective throughout the event, with 15 Omani speakers contributing insights on the country’s aspirations for economic advancement. The forum also saw the election of a new Board of Directors and the announcement that Abu Dhabi would host the 17th Annual Forum in 2025, followed by Greece hosting the 18th Annual Meeting in 2026. Oman’s cultural heritage was celebrated with the logo of the event inspired by the traditional Omani Mandoos, signifying wealth preservation and growth over the long term for future generations.
To enrich the attendees’ experience, Oman Investment Authority organized tours to historic and cultural sites, showcasing Oman’s rich heritage and investment opportunities. A special edition of the quarterly bulletin, Enjaz & Eejaz, was released to cover the IFSWF Event in Muscat and its objectives. The forum’s CEO, Duncan Bonfield, highlighted Muscat’s commitment to the event, creating a robust environment for members to exchange views on key issues and promote long-term relations between investing and recipient countries. The success of the event was ensured through collaboration with several government and private entities as hosting partners, contributing to its overall success.
