The Oman Future Fund (OFF), affiliated with the Oman Investment Authority (OIA), has signed agreements for 105 projects worth $1.52 billion (OMR583 million) to support economic diversification, attract investment, and boost private sector growth.
The signing ceremony was held under the patronage of Dr. Hilal bin Ali Al-Sabti, Minister of Health, and formed part of an event organized by the fund to review its latest investments and development projects.
Under the agreements, the Oman Future Fund has committed $585 million (OMR225 million) in investments, while local investors are contributing approximately $458 million (OMR176 million).
The projects are also expected to attract around $473 million (OMR182 million) in foreign direct investment (FDI), reflecting growing international confidence in Oman’s investment environment.
The projects span a range of strategic sectors, including tourism, renewable energy, advanced manufacturing, healthcare, medical technologies, and innovation. Collectively, they are expected to create 2,302 job opportunities, with 568 positions already filled.
The latest investment package highlights the fund’s ongoing efforts to support promising sectors of the economy while empowering private enterprises, small and medium-sized businesses, and startups.
The initiative aligns with the objectives of Oman Vision 2040, which seeks to diversify the economy, increase private sector participation, stimulate innovation, and attract foreign capital into high-growth industries.
Mulham bin Bashir Al-Jarf, Vice Chairman for Investment at the Oman Investment Authority, said that the projects represent a practical implementation of the fund’s strategy to direct investments toward nationally important sectors and support initiatives capable of delivering long-term economic value.
Al-Jarf noted that since its launch in early 2024, the Oman Future Fund has focused on establishing itself as an economic catalyst and strategic investment partner by fostering partnerships, supporting growth-oriented businesses, and expanding investment opportunities.
Highlighting some of the fund’s key investments, Al-Khattab bin Al-Fadl Al-Harthi, Senior Investment Officer at the Oman Future Fund, announced a commitment of $200 million (OMR77 million) to the Vivo Capital fund, which specializes in healthcare investments.
Image via ONA | Cropped by GBN
The fund has also invested $200 million (OMR77 million) in the Certares global investment fund, which focuses on tourism, travel, and hospitality.
In addition, the Oman Future Fund announced the establishment of a dedicated Health Investment Fund with capital of $130 million (OMR50 million).
The platform targets high-impact opportunities in the healthcare sector and supports the development of advanced medical services and technologies.
Al-Harthi said that these investments reflect the fund’s strategy of supporting major projects in sectors that are critical to the national economy.
The approach builds specialized investment partnerships, attracting global expertise, facilitating knowledge transfer, and enhancing the competitiveness of emerging industries in Oman.
The event also featured a panel discussion examining the role of the Oman Future Fund as an economic catalyst, alongside an exhibition showcasing the fund’s investment portfolio and key projects since its establishment.
