Oman Investment Authority

Oman Investment Authority Overview

Established by royal decree in 2020 Oman Investment Authority (OIA) is Oman’s state-owned sovereign wealth fund.

Designed to manage Oman’s funds and assets, it has a strategic focus on optimising returns and contributing to the implementation of Oman Vision 2040.

The Oman Investment Authority operates as an independent legal entity but reports to Oman’s Council of Ministers.

OIA manages its assets through two funds. The Future Generations Fund (FGF) comprises OIA’s international assets as well as investments in both public and private markets and accounts for 40 percent of the OIA’s assets across more than 50 countries.

The National Development Fund (NDF) is tasked with promoting economic diversification and the growth of specific sectors within Oman.

It has more than 160 companies among its assets. These vary from holding companies, publicly listed companies and direct private investments, to financial instruments including bonds, securities, sukuk (Islamic bonds) and deposits.

The NDF makes up 60 percent of OIA’s assets. Key sectors include mining, energy, logistics and food.

Oman has also recently introduced the Future Fund Oman to attract foreign investment and invest in small and medium enterprises and startups.