Oman’s sovereign wealth fund splits into two portfolios

The Oman Investment Authority (OIA) has split its assets into local and foreign portfolios.

The “Generation Portfolio” consists of foreign assets including real estate aims at achieving the greatest returns for future generations.

The “National Development Portfolio” is concerned with managing local assets and more than 160 Omani companies, and aims to contribute to the growth and development of the economy, in addition to supporting the state’s general budget through dividends, privatisation proceeds, and treasury management.

Oman established the OIA  in 2020 to own and manage most of its sovereign wealth fund and finance ministry assets.