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Future Fund Oman Commits $1.2 Billion

In a remarkable indication of its growing influence and ambition, the Future Fund Oman has committed a staggering $1.2 billion towards various investment initiatives in 2025. With the approval of 141 diverse projects within this year alone, the Fund is playing a pivotal role in the economic diversification agenda of Oman, aiming to broaden its economic horizons beyond traditional sectors.

Established by the Oman Investment Authority with an ambitious capital commitment of $5.2 billion to be deployed over five years, the Future Fund has swiftly positioned itself as one of the fastest-growing investment vehicles in the Middle East. This bold step is closely aligned with Oman’s Vision 2040, which aims to foster sustainable economic growth and innovation.

The surge in investment activity has successfully attracted a significant level of private sector participation from countries such as the United States, the United Arab Emirates, Saudi Arabia, Egypt, China, and India. To date, the Fund has mobilized approximately $2.1 billion in additional private and foreign capital, encompassing several large-scale projects developed in collaboration with global investors, banks, funds, and family offices.

One of the most impressive aspects of this increase in capital commitment is a positive reflection of the international community's confidence in Oman’s industrial, manufacturing, and clean energy ambitions. Job creation has emerged as a key performance indicator for the Fund. Since its inception, the approved projects have generated over 1,400 new jobs, along with thousands more in the pipeline.

The investments are strategically focused on five key national priority sectors: energy transition, advanced materials, healthcare, logistics, and information and communication technology. This strategic approach underscores the Fund’s crucial role in shaping the future economic landscape of Oman while also creating job opportunities and driving growth.

Notable projects within the Fund's portfolio include a $1.6 billion solar-grade polysilicon manufacturing facility by United Solar, set for completion in 2026. This project alone has already generated over 1,000 jobs and contributed more than $317 million in value to the Omani economy, as it piques the interest of international development financial institutions. Another highlight is the six-gigawatt solar cell manufacturing complex by JA Solar in the SOHAR port and free zone, which represents a $442 million investment nearing key construction milestones. Once operational, it is expected to employ over 500 people while enhancing Oman’s footprint in regional clean energy supply chains.

The Fund also continues its mandate for small and medium-sized enterprises (SMEs) and venture capital. Since its inception, 132 projects have been approved under this category, totaling $56.7 million in commitments, with $37.4 million already invested through eight specialized vehicles that cover pre-seed, seed, growth capital, and SME debt. The demand remains high in this area, driven by sustained interest in projects related to industrial modernization, technology development, and clean energy solutions.

Since its launch, the Future Fund has evaluated 828 proposals and has approved 141 projects with a total estimated value of around $3.4 billion. This includes nine significant strategic investments and 132 SMEs and venture capital initiatives. The Fund's dual mandate directs capital towards both large national projects and high-growth small businesses, aiming for a targeted return of 12% and a maximum capital limit of 40% per investment.

The Future Fund Oman is set to continue its vital role in diversifying Oman’s economy, creating jobs, and implementing sustainable development practices, ensuring a brighter economic future for the nation.