Oman: OIA's expanding strategic alliances boost FDI and knowledge inflows
Building on its portfolio of seven bilateral alliances – with India, Qatar, Vietnam, Brunei Darussalam, Pakistan, Spain, and Uzbekistan – OIA added two new partnerships in 2024, with Jordan and Turkiye.
In May 2024, OIA signed a term sheet with Jordan's Social Security Investment Fund to establish a joint investment company, capitalised at USD 100 million on a 50:50 basis. The entity will target key sectors such as telecommunications, agriculture, tourism, pharmaceuticals, and logistics across Oman and Jordan.
Later in November, a partnership agreement was inked with Turkiye's OYAK Fund to launch a USD 500 million joint investment fund focused on sectors including food, healthcare, energy, mining, logistics, and manufacturing.
These developments, along with robust performance from earlier partnerships, were highlighted in OIA's recently published 2024 Annual Report.
Among the Authority's most prominent collaborations is the Oman-India Joint Investment Fund (OIJIF), initially launched in 2011 with the State Bank of India (SBI). OIJIF has since grown into three separate funds:
Fund I ($100 million) completed full divestment by September 2024, posting a net internal rate of return (IRR) of 8.1%. Investments had spanned consumer goods, banking and financial services, IT, defence, and chemicals. Fund II ($230 million) reported a 14.7% net IRR as of September 2024, with investments in pharmaceuticals, healthcare, automotive, and other growth sectors. Fund III, agreed in late 2023, targets a size of $300 million, with OIA and SBI each committing $50 million.
Also delivering strong results is Al Hosn Investment Company, a 2007 joint venture between OIA and Qatar Holding. With a capital of RO 250 million, the company manages 13 investments, including real estate, valued at RO 233 million. Notably, it facilitated over RO 290 million in FDI through its management of the Falcon Portfolio under Qatar Holding. In 2024, Al Hosn participated in key IPOs such as OQ Exploration & Production (OQEP) and OQ Base Industries (OQBI), and recorded a 24% rise in net profit over the previous year.
Established in 2008 with Vietnam's State Capital Investment Corporation, Vietnam Oman Investment Company has a capital base of $200 million. Its portfolio includes 11 private equity investments, while $87.3 million was deployed into 12 new public equity investments by December 2024 under a revised investment strategy.
The Oman Brunei Investment Company, a $200 million partnership with the Brunei Investment Agency, oversees 11 investments across education, healthcare, hospitality, services, and aquaculture. The asset value of its portfolio reached approximately RO 95 million, with net profit growing by 10% to RO 94.75 million in 2024.
Set up in 2001 through a bilateral agreement between the governments of Oman and Pakistan, the Pak Oman Investment Company focuses on bonds, treasury bills, and loans. Revenues reached $209.6 million by September 2024, doubling from $101.8 million a year earlier.
Likewise, the Uzbek-Oman Investment Company (UOIC), founded in 2010 in partnership with the Uzbek Reconstruction and Development Fund, manages 12 investments. The company's active portfolio exceeds USD 100 million, with two new deals completed in Tashkent in 2024.
Meanwhile, the Oman-Spanish Private Equity Fund, established with COFIDES in 2017, has expanded into two separate funds. The first, with a value of EUR 294.4 million, included EUR 100 million in commitments from each side. A second fund, launched in December 2023 with EUR 102 million in capital, also included equal contributions from both partners.
2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
2 hours ago
- Zawya
Oman Air achieves threefold increase in point-to-point traffic
Oman Air has seen a significant increase in point-to-point passengers, rising from 75,000 in June 2024 to 200,000 in June 2025, marking a near threefold increase. Point-to-point traffic - passengers flying directly into Oman rather connecting onwards - now accounts for 58 per cent of the airline's total flight loads. Mike Rutter, Chief Commercial Officer at Oman Air, said: 'A core pillar of our strategy is to increase point-to-point traffic; not simply by adding more flights, but by ensuring each flight brings more visitors directly to the country. The growth we have achieved is the direct result of careful route planning, targeted marketing, and a network strategy that prioritises stable demand over aspiration. Our approach not only supports national tourism goals, but also drives a stronger revenue performance for the airline, which in turn will enable us to open new routes sustainably. We remain focused on keeping travel to Oman both accessible and attractive, while delivering on our promise to be an engine of Oman's tourism growth.' Copyright 2025 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (
Zawya
2 hours ago
- Zawya
Muscat Municipality Chairman reviews progress on Al Ansab–Al Jifnain road dualisation: 58% complete
Muscat: As part of his ongoing field visits to monitor development and service projects in the Wilayat of Bausher, His Excellency Ahmed bin Mohammed Al Humaidi, Chairman of Muscat Municipality, visited the Al Ansab to Al Jifnain Road Dualisation Project site last Wednesday to assess progress. This major infrastructure project aims to ease traffic congestion and support the area's growing needs. The 15-kilometre route involves expanding the existing single-lane road from Falaj Al Sham Roundabout into a dual carriageway with three lanes in each direction. The project also includes converting four roundabouts into multi-level interchanges, constructing three flyovers connected to the Al Jifnain Bridge, and installing smart traffic signal systems at key intersections to improve traffic flow and safety. The scope also encompasses 20 kilometres of service roads adjacent to the main carriageway, the installation of box culverts for stormwater and wadi drainage at critical points, and the relocation and protection of utility lines to prevent disruption to progress. His Excellency commended the project team and the contractor for their dedication, noting that work has reached 58 per cent completion, which is ahead of expectations. He said this progress reflects strong on-site supervision and effective coordination between all parties, which could lead to the project finishing ahead of schedule in August 2026. The Al Ansab to Al Jifnain Road Dualisation Project was awarded in September 2023, with an expected execution period of 36 months. It forms part of a wider programme of strategic development projects in Muscat Governorate, in line with Royal directives to improve road infrastructure and enhance connections between Muscat and other governorates.
Zawya
17 hours ago
- Zawya
Vodafone Oman invites everyone to ‘Live It Right' this Khareef
Muscat: Vodafone is returning to Dhofar this Khareef with a renewed vision for the season. Under the theme 'Live it Right', the 2025 campaign builds on the company's long-standing commitment to bringing people together in ways that are meaningful, accessible, and memorable through seamless digital connectivity, purpose-led community engagement, and hospitality rooted in place. 'Each year, Khareef becomes an opportunity for us to deepen our presence, not just through visibility, but through value', said Usama Al Saifi, Vodafone Oman's Head of Brand and Communications. ''Live it Right' is our response to evolving expectations in Dhofar, and a reflection of how we see technology, culture, and community coming together. Whether it's through a stronger network, smarter products, or engaging spaces, our aim is to show what Khareef is all about.' Bringing this vision to life, 'Live it Right' introduces immersive spaces designed to deliver interactive and memorable experiences for Khareef visitors across Dhofar. These include eight unique activation zones in key locations such as Al Haffa, Ittin, and Al Dahareez. The main highlight this year is Vodafone's Viewpoint at Samharam Resort in Awqad, held in collaboration with local SMEs 'Estikana' and 'Ladh'. This social hub serves as a physical extension of the campaign message, offering a haven where digital and real-world connections come together, and where everyday stops become moments of recharge, reflection, and simple pleasure. Complementing the experience, Vodafone's 5G network continues to be a driving force behind the season. As Oman's only fully digital network, it offers high-speed, low-latency 5G connectivity across key areas in Dhofar, supporting the movement, pace, and spontaneity that define Khareef. From coastal roads to mountain peaks, the network ensures that residents and visitors stay connected with ease and reliability. Supporting this is Makani Internet, Vodafone's portable connectivity solution that adapts to life on the move, allowing users to stay online wherever the season takes them. To further enhance the visitor experience, Vodafone has introduced a dedicated Khareef Visitor Pack starting from OMR 10. Designed for maximum convenience, it offers unlimited data and local calls plus international minutes, so travellers can explore Dhofar without interruption or worry. About Vodafone Oman: Established through a strategic partnership between Oman Future Telecommunications Company and Vodafone Group, Vodafone Oman is at the forefront of the Sultanate's digital revolution. Since launching its operations in March 2022, the company is the only fully digital-first operator in Oman, supported by a 100% cloud-based 5G network infrastructure that has ushered in a new era of telecommunications. The company offers a diverse range of prepaid, postpaid, and enterprise solutions, designed to cater to the varying needs of its customers. Its competitive advantage lies in its award-winning My Vodafone App, which provides a seamless, fully digital experience—from onboarding and auto-payments to SIM and eSIM replacement, as well as access to essential government services. With more than 4 million downloads, the app has achieved 100% market penetration, offering customers unmatched convenience and personalised value at the tip of their fingers. Beyond digital innovation, the company has built a strong retail network, with 75 stores and eStores and more than 4,000 sales channels across the country. This extensive presence, combined with Vodafone's global reach, offers customers a reliable and convenient solution for wherever they are in Oman and around the world. Today, the company has successfully captured approximately 10% of the market, driven by the continuous expansion of its 5G Next Level network and its commitment to customer-centric digital offerings. Aligned with Oman's Vision 2040, Vodafone Oman is dedicated to fostering local talent, stimulating economic growth, and playing a pivotal role in the nation's digital transformation journey. For more information, visit For Media Inquiries, please contact IDENTITY E: latest@
