Oman Investment Authority Explained

Agency Name:Sultanate of Oman
Oman Investment Authority (OIA)
Nativename A:جهاز الاستثمار العماني
Formed:2020
Headquarters:Muscat
Chief1 Name:Sultan bin Salem al-Habsi
Chief1 Position:Chairman
Chief2 Name:Abdul Salam Al-Murshidi
Chief2 Position:President
Parent Agency:Government of Oman
Website:http://www.oia.gov.om/en

Oman Investment Authority (OIA) is the investment arm of the Sultanate of Oman, established by Royal Decree No. 61/2020. It is a sovereign wealth fund operating as an autonomous legal entity with complete financial and administrative independence, reporting directly to the Council of Ministers.

The OIA's board is chaired by Sultan bin Salem al-Habsi, the Minister of Finance.

The OIA has introduced the Future Fund Oman with the aim of attracting foreign investment and enhancing investments in local small and medium-sized enterprises (SMEs) with a 2 billion Omani Rials (OMR) budget utilized over a span of five years.[1]

References

  1. Web site: Nuaimi . Ali Rashid Al . Observer . Oman Daily . Future Fund Oman to boost investment . 2024-03-31 . www.zawya.com . en.

See also