In collaboration with local companies and international investors, the Oman Future Fund (OFF), owned by the Oman Investment Authority (OIA), has unveiled a $2.2 billion portfolio of investment projects, including $1.6 billion in foreign investments. The fund’s direct investment amounts to $572 million, with the projects anticipated to create over 1,600 job opportunities.

The small and medium enterprises (SMEs) and startups segment encompass various sectors, including food, health, technology, financial technology (FinTech), and e-commerce.

Mulham Bashir Al Jarf, Deputy Chairman of the Oman Investment Authority, stated that these projects aim to foster and develop the local economy, advance key economic sectors, integrate with the private sector, attract foreign investments, and create business opportunities for SMEs and startups.

These investment projects mark the first initiatives launched by the Oman Future Fund (OFF) since its operations commenced in January 2024. The response from both local and foreign investors has been significant, with over 210 applications received.

Three notable initiatives have been identified in the direct projects category: the United Solar Factory in the Sohar Free Zone, the IDG Oman Investment Fund, and the EWTP Oman Fund. The OFF’s investments in these projects range from $13 million to $260 million.

For SME projects, funding is provided through partnerships or venture capital, with a maximum investment limit of $13 million. This approach does not involve majority ownership but focuses on allocating capital to foster project growth and expansion.