Future Fund Oman Invests $1.2 Billion: Impact and Opportunities for Businesses in Oman
MUSCAT, DEC 18 – Future Fund Oman has reported unprecedented activity in 2025, approving 141 projects and raising total commitments to $1.2 billion in support of Oman’s economic diversification efforts. Established by the Oman Investment Authority (OIA) with a capital commitment of $5.2 billion to be utilized over five years, the fund is rapidly emerging as one of the region’s leading national investment vehicles, dedicating all its capital to projects within Oman that align with the objectives of Oman Vision 2040.
The fund’s investment activities have attracted increasing private-sector participation from countries such as the United States, United Arab Emirates, Saudi Arabia, Egypt, China, and India. To date, Future Fund Oman has successfully mobilized approximately $2.1 billion in private and foreign capital, collaborating on eight major projects with international investors, banks, funds, and family offices.
The growing leverage ratio highlights enhanced international confidence in Oman’s aspirations within industrial, manufacturing, and clean energy sectors. Job creation remains a crucial performance metric; projects endorsed since the fund’s inception have produced over 1,400 jobs, with many more under development. Investments are aligned with five national priority areas: energy transition, advanced materials, healthcare, logistics, and information and communications technology, further solidifying the fund’s influence on the nation’s economic trajectory.
Key projects include a $1.6 billion solar-grade polysilicon manufacturing facility developed by United Solar, which is slated for completion in 2026. This initiative has already generated more than 1,000 jobs and contributed over $317 million in local value, attracting interest from international development finance institutions. Another significant project is JA Solar’s six-gigawatt solar cell manufacturing complex located in SOHAR Port and Freezone, a $442 million investment currently achieving critical construction milestones. Once operational, this facility is projected to create over 500 jobs and enhance Oman’s position in regional clean energy supply chains.
Additionally, the fund continues to make strides within its SME and venture capital framework. Since its launch, it has approved 132 SME and VC projects, committing $56.7 million and deploying $37.4 million through eight specialized funds focused on pre-seed, seed, growth equity, and SME debt. Strong application volumes persist across these initiatives, driven by continuous domestic and international interest in projects aimed at industrial modernization, technological advancement, and clean energy solutions.
Since its establishment, the fund has evaluated 828 proposals, approving 141 projects with an approximate total value of $3.4 billion that includes nine major strategic investments alongside 132 SME and venture capital initiatives. Its dual mandate effectively directs capital towards both substantial national projects and promising small businesses, targeting a 12 percent return and a 40 percent equity ceiling per investment.
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The record activity of Future Fund Oman signals a transformative phase for businesses in Oman, highlighting the potential for diverse investment opportunities within national priorities like clean energy and technology. As the fund continues to draw growing international participation, it creates avenues for partnerships that could lead to innovation and market expansion. Smart investors should consider strategic collaborations with local enterprises and focus on sectors aligned with Oman Vision 2040 to maximize returns and contribute to sustainable economic growth.
