RO 583 Million FFO Portfolio Boosts Investment Drive: What This Means for Investors and Entrepreneurs in Oman
MUSCAT, JUNE 9 — Future Fund Oman (FFO), the principal investment arm of the Oman Investment Authority (OIA), has announced a comprehensive portfolio comprising 105 strategic projects and investments valued at RO 583 million. This initiative underscores Oman’s commitment to diversifying its economy, attracting foreign investment, and enhancing private sector participation.
The portfolio includes RO 225 million in commitments from FFO, approximately RO 176 million in local investments, and around RO 182 million in foreign direct investment (FDI). These projects are projected to create 2,302 jobs, with 568 positions already filled.
The announcement was made during a special event hosted by FFO to highlight its latest investments across key sectors such as renewable energy, advanced manufacturing, tourism, healthcare, medical technologies, innovation, and food industries.
Mulham bin Bashir al Jarf, Deputy President of OIA for Investment, stated that this new portfolio concretely reflects the vision behind the establishment of FFO. “These projects exemplify our dedication to channeling capital into national priority sectors, supporting initiatives that generate economic value, boost competitiveness, and foster new opportunities for growth and innovation,” he said.
Since its inception in early 2024, FFO has positioned itself as an economic catalyst and trusted investment partner by developing strategic alliances, backing high-potential projects, and enabling private sector involvement in investment opportunities that promote economic diversification. Al Jarf emphasized the fund’s role in enhancing Oman’s appeal to international investors by attracting strategic partners and showcasing the country’s competitive advantages across diverse industries.
The portfolio aligns with Oman Vision 2040 objectives, promoting economic diversification, venture investments, entrepreneurship development, and foreign capital inflows.
Among the flagship projects is the Orion Solar Project located in SOHAR Port and Freezone, which aims to establish the Middle East’s first fully integrated solar cell and module manufacturing facility. With an annual production capacity of six gigawatts, the project is set to localize the entire solar energy value chain within Oman.
In Salalah, FFO’s investment in the Jalant Industrial Project will produce 66,000 tonnes annually of lithium iron phosphate cathode active materials—a key component for electric vehicle batteries and energy storage systems—strengthening Oman’s position in global clean energy and advanced technology supply chains.
In the tourism sector, FFO supports the Al Sawda Island Resort project in the Al Hallaniyat Islands, an integrated development covering approximately 10 kilometers of coastline designed to elevate Oman’s high-end tourism offerings.
The fund has also invested in Station 11, Oman’s first integrated innovation hub that unites startups, venture capitalists, researchers, and policymakers to accelerate innovation, entrepreneurship, and technology development.
Additional investments include Alma, a specialized animal nutrition company establishing a world-class manufacturing and research center with an annual production capacity of 12,000 tonnes, and XCyber, a cybersecurity firm providing sovereign AI-powered solutions to protect critical infrastructure.
In a significant boost to healthcare, FFO launched a RO 50 million Healthcare Investment Fund aimed at opportunities in healthcare services, pharmaceuticals, medical technologies, digital health, diagnostics, insurance, and medical research. This initiative seeks to enhance healthcare quality, localize medical industries, and attract specialist investments.
FFO also announced RO 77 million investments each in the Vivo Capital Fund, a global life sciences investment platform, and the Certares Fund, an international fund focused on tourism, travel, and hospitality sectors.
Supporting startups and SMEs remains a priority, with FFO backing 85 incubation-stage projects, 53 startup and early-growth ventures, seven established SME projects through Tanmia Fund, and 89 projects via Beehive Fund. Notable SME investments include Alwajer Pharmaceuticals, an Omani pharmaceutical manufacturer exporting regionally and internationally; the Women and Children Specialty Hospital in Muscat; and Yuzu Agricultural Company, which plans to expand organic farming operations tenfold to bolster food security and agricultural development.
Al Jarf reiterated that OIA, through Future Fund Oman, will continue collaborating with investors, entrepreneurs, and strategic partners to reinforce Oman’s status as an attractive investment destination and regional hub for premium opportunities.
This latest investment package highlights FFO’s expanding role in mobilizing both local and international capital toward sectors that promise sustainable growth, technology transfer, job creation, and long-term economic benefits for the Sultanate.
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The unveiling of Future Fund Oman’s RO 583 million portfolio marks a significant leap toward diversifying Oman’s economy and boosting private sector participation across high-potential sectors like renewable energy, advanced manufacturing, and healthcare. For businesses, this creates fertile ground for collaboration and growth, backed by strategic government investment and foreign direct inflows. Smart investors and entrepreneurs should consider positioning themselves within these emerging priority sectors—particularly solar energy, clean tech, and healthcare innovation—where early partnerships and innovation hubs like Station 11 promise access to new technologies, capital, and market opportunities.
