Latest news with #InvestOman
Observer
23-07-2025
- Business
- Observer
FFO approves RO 1.2 bn projects in first year
The Future Fund Oman (FFO) has recorded strong performance in its inaugural year, approving 44 projects with a combined investment value of around RO 1.2 billion. Of this, RO 333 million was contributed by the Fund itself, while the remaining RO 885 million came from foreign investors — reflecting growing international confidence in Oman's investment climate, according to the Oxford Business Group (OBG). Established by the Oman Investment Authority (OIA) with a capital allocation of RO 2 billion over five years, the Future Fund Oman is a key instrument in advancing the objectives of Oman Vision 2040. The Fund is designed to stimulate economic diversification and expand the country's investment base by targeting high-potential sectors such as industry, renewable energy, ICT, agriculture, fisheries and tourism, as well as emerging sectors like e-commerce, fintech and electric vehicles. OBG's 2024 review of the Fund noted its broader mission beyond capital deployment. The Fund also supports small and medium-sized enterprises (SMEs), venture capital firms and the development of a national innovation ecosystem. To that end, 90% of its capital is allocated to large-scale projects, while the remaining 10% is earmarked for SMEs and venture capital, aligning with the goals of the National Development and Generations portfolios. The report commended Oman's recent regulatory reforms aimed at making the country more attractive to international investors. Key reforms include legislation allowing 100% foreign ownership in most sectors, the launch of the unified 'Invest Oman' digital platform to streamline licensing processes and the reduction of the list of prohibited foreign ownership activities to 123. The implementation of the Privatisation Law was also seen as a critical step, enabling the transfer of state assets to private and international investors via public offerings. These reforms have helped the Future Fund Oman channel investments into a variety of impactful projects. These include both large-scale national initiatives and ventures led by SMEs and startups. Notable examples of the Fund's international partnerships include two joint investment funds with Chinese firms. The first is the IDG Oman Fund, a $200 million initiative launched in collaboration with IDG Capital Group. The fund focuses on investments within Oman in ICT, renewable energy and electric vehicles; and seeks to attract foreign direct investment in clean technologies and advanced industries. The second partnership is with EW Partners, establishing the EWTP Oman Fund worth $250 million. This fund targets investments in ICT, renewable energy, tourism and agriculture within Oman; and aims to bring Chinese industrial companies to set up regional operations in the Sultanate of Oman, boosting local employment and supply chain capabilities. A key national project supported by the Fund is the United Solar Polysilicon Factory in the SOHAR Port and Freezone. Touted as the largest facility of its kind outside China, the plant is expected to produce 100,000 tonnes of polysilicon annually—positioning Oman to capture approximately 4.4% of the global polysilicon market, valued at $37.3 billion. In addition to large-scale projects, the Fund has also backed innovative SME and startup ventures. These include Qpay, Oman's first buy-now-pay-later platform certified nationally; Bima, a digital insurance platform; and Serb, a drone traffic management project. OBG's report also outlined the Fund's five-year road map (2024–2028), anticipating significant economic contributions from its 2024 investments. These include the creation of over 1,600 direct jobs, the acceleration of economic diversification away from oil and gas; and greater support for entrepreneurship and innovation. — ONA
Zawya
17-07-2025
- Business
- Zawya
Investing the Omani way: Steady and sustainable
Institutions such OIA, Invest Oman, and OPAZ provide structured support, policy clarity and investor facilitation across sectors As investors around the world adapt to a changing landscape marked by uncertainty, rising costs and shifting priorities, the search for stability has become paramount. In this context, Oman's measured and values-driven approach is drawing increasing interest. The Sultanate of Oman is positioning itself not only as an attractive investment destination — but as a country offering clarity, consistency and long-term value. Quiet Growth, Strong Fundamentals In a region shaped by rapid transformation, Oman stands out for its intentional and grounded approach. Rather than competing for visibility, the country has focused on building trust and resilience — appealing to investors looking beyond short-term gains. According to official data, foreign direct investment (FDI) into Oman rose by 16.2 per cent year-on-year, reaching RO 26.68 billion by Q3 2024, up from RO 22.96 billion during the same period the year before. Strategic Institutions and Projects Oman's investment environment is strengthened by the role of key institutions such as the Oman Investment Authority (OIA), Invest Oman, and the Public Authority for Special Economic Zones and Free Zones (OPAZ). These bodies provide structured support, policy clarity and investor facilitation across sectors. Recent developments include: a $30-billion green hydrogen programme, with major projects underway in Duqm and Salalah; the launch of 15 new public-private partnership (PPP) projects in 2024; and continued industrial and logistics expansion in Suhar, Khazaen and Salalah. These are not isolated announcements — they are part of a coherent national strategy linking diversification with long-term resilience. Institutions such OIA, Invest Oman, and OPAZ provide structured support, policy clarity and investor facilitation across sectors Sustainability with Local Roots Environmental stewardship in Oman is not driven by trend but by tradition. From water conservation practices to mountain ecosystems, sustainability has long been embedded in Omani life. In policy terms, the country jumped from 149th to 50th in the 2024 Environmental Performance Index (EPI) — a major rise backed by reforms in pollution control, ecosystem protection and renewable energy policy. Oman has also committed to Net-Zero carbon emissions by 2050, with guidance from the Oman Sustainability Centre. This alignment between vision and values is increasingly important to ESG-driven investors. Innovation That Respects Identity Oman is embracing innovation — but doing so on its own terms. The National Digital Economy Strategy targets a 10-per cent contribution to GDP by 2040, led by growth in fintech, e-government and smart logistics. In parallel, eco-tourism grew by 46 per cent in 2023, reflecting the rising appeal of cultural authenticity, coastal nature and heritage-based travel. In both technology and tourism, Oman is innovating in ways that preserve identity and add long-term value. A Culture of Genuine Partnership What distinguishes Oman is not only what it builds — but how it builds it. Investors frequently note the accessibility of decision-makers, the responsiveness of institutions and the emphasis on listening. This culture of engagement is not simply hospitable; it is strategic. Oman recognises that lasting investment requires more than incentives — it requires trust. Key Strategic Takeaways • Oman is delivering consistent FDI growth despite global uncertainty. • Green hydrogen, PPPs and digital economy projects are key drivers of diversification. • Sustainability is backed by cultural heritage and bold climate policy. • Innovation is pursued with local identity and long-term impact in mind. • The investment climate is shaped by transparency, humility and strategic intent. A Model for Uncertain Times While some economies move fast to attract attention, Oman is moving deliberately to build resilience. Its approach may be quieter, but it is also smarter — especially for investors who value depth over spectacle and coherence over volatility. In a world of distractions, Oman's steady, strategic and sustainable model stands out — and investors are taking notice. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Observer
16-07-2025
- Business
- Observer
Investing the Omani way: Steady and sustainable
As investors around the world adapt to a changing landscape marked by uncertainty, rising costs and shifting priorities, the search for stability has become paramount. In this context, Oman's measured and values-driven approach is drawing increasing interest. The Sultanate of Oman is positioning itself not only as an attractive investment destination — but as a country offering clarity, consistency and long-term value. Quiet Growth, Strong Fundamentals In a region shaped by rapid transformation, Oman stands out for its intentional and grounded approach. Rather than competing for visibility, the country has focused on building trust and resilience — appealing to investors looking beyond short-term gains. According to official data, foreign direct investment (FDI) into Oman rose by 16.2 per cent year-on-year, reaching RO 26.68 billion by Q3 2024, up from RO 22.96 billion during the same period the year before. Strategic Institutions and Projects Oman's investment environment is strengthened by the role of key institutions such as the Oman Investment Authority (OIA), Invest Oman, and the Public Authority for Special Economic Zones and Free Zones (OPAZ). These bodies provide structured support, policy clarity and investor facilitation across sectors. Recent developments include: a $30-billion green hydrogen programme, with major projects underway in Duqm and Salalah; the launch of 15 new public-private partnership (PPP) projects in 2024; and continued industrial and logistics expansion in Suhar, Khazaen and Salalah. These are not isolated announcements — they are part of a coherent national strategy linking diversification with long-term resilience. Institutions such OIA, Invest Oman, and OPAZ provide structured support, policy clarity and investor facilitation across sectors Sustainability with Local Roots Environmental stewardship in Oman is not driven by trend but by tradition. From water conservation practices to mountain ecosystems, sustainability has long been embedded in Omani life. In policy terms, the country jumped from 149th to 50th in the 2024 Environmental Performance Index (EPI) — a major rise backed by reforms in pollution control, ecosystem protection and renewable energy policy. Oman has also committed to Net-Zero carbon emissions by 2050, with guidance from the Oman Sustainability Centre. This alignment between vision and values is increasingly important to ESG-driven investors. Innovation That Respects Identity Oman is embracing innovation — but doing so on its own terms. The National Digital Economy Strategy targets a 10-per cent contribution to GDP by 2040, led by growth in fintech, e-government and smart logistics. In parallel, eco-tourism grew by 46 per cent in 2023, reflecting the rising appeal of cultural authenticity, coastal nature and heritage-based travel. In both technology and tourism, Oman is innovating in ways that preserve identity and add long-term value. A Culture of Genuine Partnership What distinguishes Oman is not only what it builds — but how it builds it. Investors frequently note the accessibility of decision-makers, the responsiveness of institutions and the emphasis on listening. This culture of engagement is not simply hospitable; it is strategic. Oman recognises that lasting investment requires more than incentives — it requires trust. Key Strategic Takeaways • Oman is delivering consistent FDI growth despite global uncertainty. • Green hydrogen, PPPs and digital economy projects are key drivers of diversification. • Sustainability is backed by cultural heritage and bold climate policy. • Innovation is pursued with local identity and long-term impact in mind. • The investment climate is shaped by transparency, humility and strategic intent. A Model for Uncertain Times While some economies move fast to attract attention, Oman is moving deliberately to build resilience. Its approach may be quieter, but it is also smarter — especially for investors who value depth over spectacle and coherence over volatility. In a world of distractions, Oman's steady, strategic and sustainable model stands out — and investors are taking notice.
Observer
09-07-2025
- Business
- Observer
40 projects worth RO 1.8 billion localised via Invest Oman platform
MUSCAT: A total of 40 high-value investment projects, valued at approximately RO 1.8 billion, have been successfully localised across Oman's special economic zones, free zones, and industrial cities, signalling a major step forward in the country's economic diversification strategy. According to the latest issue of Duqm Economist magazine, these projects were facilitated through the Invest Oman platform, underscoring its growing role as a national engine for investment attraction and execution. Eng Nasser bin Khalifa al Kindi, CEO of Invest Oman, revealed that nearly 90 investment proposals worth around RO 4.9 billion have been processed through the platform to date. Of these, 40 projects have reached the localisation stage, covering key sectors such as manufacturing, food security, and healthcare. These investments not only reflect strong confidence in Oman's investor climate but also align with Vision 2040 objectives to generate economic value, create jobs, and deepen public-private collaboration. The platform, launched to streamline investment facilitation, integrates 22 key government and private sector entities, including OPAZ, Madayn, the Environment Authority, and major ministries, all working under the supervision of the Ministry of Commerce, Industry and Investment Promotion. Its one-stop approach allows investors to complete licensing and regulatory procedures under one roof, significantly reducing processing times and administrative bottlenecks. Al Kindi noted that among the platform's notable features is an interactive investment opportunity map, enabling investors to identify geographically strategic projects based on factors such as infrastructure proximity, logistics access, and available incentives. This digital tool, combined with real-time support from sector specialists and negotiators, helps convert investment interest into actionable projects more efficiently. Of the 40 localised projects, many are in the industrial sector, which has emerged as the top destination for investment, especially in areas linked to export manufacturing and supply chain integration. Food security is another high-performing sector, boosted by national strategies to enhance self-reliance. Healthcare investments are also on the rise, driven by growing demand for modern medical facilities and services. Eng Al Kindi said the platform's investor screening process includes evaluation of financial strength, sectoral experience, and alignment with sustainable development priorities. Each proposal is vetted through rigorous economic and technical feasibility studies to ensure that only projects with high impact and long-term viability are endorsed. He added that Oman's improving economic fundamentals—such as sustained growth, better credit ratings, and rising foreign direct investment—continue to attract global players. In Q3 of 2024 alone, foreign investment stood at RO 26.677 billion, a 16% rise year-on-year. The manufacturing sector accounted for over half of this total. India, China, and Egypt were among the top sources of foreign investment, alongside strong local investor participation, reflecting both regional trust and international confidence in Oman's evolving business ecosystem. Al Kindi confirmed that a major upgrade of the Invest Oman digital platform is underway to further improve user experience, making processes more intuitive and transparent. This, he said, is part of the platform's goal to position Oman as a competitive global destination for strategic, sustainable, and high-return investments.
Observer
17-06-2025
- Business
- Observer
Invest Oman hosts ‘Advantage Oman' dialogue in Brussels
BUSINESS REPORTER MUSCAT, JUNE 17 As part of its strategic agenda to expand global investment partnerships, Invest Oman , operating under the Ministry of Commerce, Industry, and Investment Promotion, convened the 'Advantage Oman – Kingdom of Belgium' Business Dialogue in Brussels. The event was held in collaboration with the Embassy of the Sultanate of Oman in Belgium and the Arab-Belgian-Luxembourg Chamber of Commerce (ABLCC). Designed to highlight the Sultanate's evolving investment landscape, the dialogue aimed to foster deeper economic and trade relations between Oman and Belgium. It brought together a distinguished audience of Belgian investors, industry leaders, and senior decision-makers, with a focus on high-potential sectors such as renewable energy, pharmaceuticals and life sciences, and tourism and leisure. The platform facilitated direct engagement between Omani and Belgian stakeholders, enabling exploration of joint investment opportunities and commercial synergies. The Omani delegation presented Oman's strategic megaprojects, regulatory enhancements, and investor-centric reforms—underscoring the Sultanate's commitment to creating a competitive and future-ready business environment. Pankaj Khimji, Foreign Trade and International Cooperation Adviser at the Ministry of Commerce, Industry, and Investment Promotion, stated: 'Oman places great emphasis on forging long-term partnerships with Belgium. This dialogue is a strategic step toward elevating our economic cooperation, introducing Oman's competitive advantages, and enabling Belgian enterprises to expand within a high-potential, future-ready market.' Rua bint Issa Al Zadjali, Ambassador of the Sultanate of Oman to the Kingdom of Belgium, remarked: 'This initiative reflects Oman's broader vision to strengthen economic diplomacy and create meaningful engagement with key international markets. It is a timely platform to deepen ties with Belgium's business community and highlight Oman's role as a trusted and strategic investment destination.' The 'Advantage Oman – Kingdom of Belgium' Business Dialogue is part of Oman's ongoing global outreach to position itself as a regional gateway for investment and trade. Belgium continues to emerge as a key partner across several priority sectors, as Oman actively builds enduring economic bridges with European markets.
