Omani fund allocates $1.5bn for priority sectors

Future Fund Oman (FFO) is to invest OMR570 million ($1.5 billion) in several vital sectors in the sultanate.

The package, to be unveiled on Tuesday, will focus on renewable energy, industry and technology, healthcare, tourism and adventure, and food security, the state-run Oman News Agency reported.

Seven direct projects and a portfolio of local strategic schemes will benefit from the injection, which together will account for 90 percent of FFO’s capital.

The remaining 10 percent is allocated to small and medium enterprises and startups.

FFO, owned by the Oman Investment Authority (OIA), was launched in March 2024 with capital of OMR2 billion. By the end of 2025, it had approved 186 projects with an estimated total value of OMR1.7 billion.

The fund’s contributions to these projects amounted to OMR640 million, with OMR743 million coming from foreign investors.

FFO received 986 investment requests between its launch and the end of 2025, the report said.

Last month the OIA reported an annual profit of OMR2.9 billion, up 86 percent from OMR1.6 billion in 2024, as assets under management reached OMR23 billion.

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