Oman to establish infrastructure investment fund

Oman to establish infrastructure investment fund
The Oman Infrastructure Investment Fund will focus on raising capital for the sultanates infrastructure sector [representational image].
Published: 24 May 2018 - 12:27 a.m.
By: Fatima De La Cerna

An investment fund aimed at boosting foreign investment in Oman’s infrastructure sector is in the process of being established, according to the State General Reserve Fund (SGRF).

SGRF executive president Abdul Salam bin Mohammed Al-Murshidi revealed, during a dialogue session held by Meethaq Islamic Banking Board of Bank Muscat, that the Oman Infrastructure Investment Fund is expected to be created in “the coming period”.

He noted that the fund will work towards raising capital from other countries, to be invested in infrastructure projects in Oman, state-run Oman News Agency (ONA) reported.

READ: Muscat Int'l Airport named Infrastructure Project of the Year

Infrastructure, however, is not the only sector that SGRF is looking into. According to Al-Murshidi, the fund also recognises the importance of the technology sector, and is seeking to invest in healthcare technologies and medical equipment, as well as in blockchain.

Tourism, mining, ports, logistics, and food processing are among the sectors that SGRF has invested in, ONA said, quoting Al-Murshidi.

 

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