#Oman Investment Authority #Oman #Muscat #Future Fund #Orion Solar

Oman's Future Fund ($5.2 Billion) Introduces Projects Worth $1.744 Billion

On July 16, 2026, the Future Fund Oman (FFO), part of the Oman Investment Authority (OIA), unveiled a significant investment package comprising 105 projects totaling $1.744 billion. This initiative represents a vital step in the Sultanate of Oman’s strategy for economic diversification.

This new portfolio features a mix of $585 million in operational fund commitments and approximately $458 million in local investments. The sectors targeted include renewable energy, advanced manufacturing, tourism, healthcare, medical technologies, innovation, and the food industry.

Su Excelencia Mulham Al Jarf, Vice President of Investments at the Oman Investment Authority, emphasized that this portfolio channels capital into nationally prioritized sectors while enhancing Oman’s appeal to international investors. He stated, “The fund is committed to being an economic catalyst and a trusted investment partner.”

Among the ambitious plans is the flagship project, Orion Solar, which is set to build an integrated solar cell and module manufacturing facility in the Sohar Free Zone. This facility is expected to have an annual capacity of six gigawatts, making it the first of its kind in the Middle East and laying the groundwork for the localization of the solar value chain.

Additionally, the Gallant Industrial Project aims to produce 66,000 tons of lithium iron phosphate cathode material annually, a crucial component for electric vehicle batteries, thereby linking Oman to the rapidly expanding clean energy and storage markets.

To bolster capabilities in tourism, technology, and food security, the fund is backing several notable ventures. The As’ Sodah Island Resort will develop approximately 10 kilometers of unspoiled coastline, while Terminal 11 will be Oman’s first integrated innovation center, fostering collaboration among startups, venture capitalists, and researchers.

Other investments include Alma, an animal nutrition company utilizing Oman’s marine and livestock resources, and XCyber, a sovereign cybersecurity firm leveraging artificial intelligence to safeguard critical national infrastructure. These initiatives are part of a joint effort between ewpartners and the FFO.

The fund is also attracting substantial international investors, having allocated $200 million to Vivo Capital, a global leader in life sciences, as well as to Certares, an international investor in tourism and hospitality. A new $130 million Health Investment Fund has been launched to enhance the local medical industry and improve healthcare services.

Beyond large-scale projects, the FFO remains committed to supporting startups and small to medium enterprises (SMEs) at various stages of development, from incubation to growth and establishment.

Established in 2024 with an initial capital of $5.2 billion to aid Oman’s economic recovery post-COVID-19, the fund continues to foster strategic partnerships that enhance global expertise and knowledge transfer across priority sectors in Oman.

This reinforces the Fund's role in advancing Oman Vision 2040, through economic diversification, venture capital investment, and attracting foreign capital. Investors, entrepreneurs, and institutions interested in opportunities can explore target sectors and apply via the fund’s digital platform at www.futurefund.om.

As Oman endeavors to position itself as a hub for innovation and investment in the region, the Future Fund stands at the forefront of this ambitious journey.