In a remarkable testament to its strategic prowess, the Omani Investment Authority (OIA), established merely in June 2020, has swiftly ascended the ranks to be among the top 10 sovereign funds in the Middle East. Furthermore, on a global scale, it proudly stands 28th among the world’s top 100 sovereign funds, as per the esteemed Sovereign Wealth Fund Institute (SWFI).
The OIA’s impressive portfolio, boasting assets nearing 46.7 billion dollars, has been a pivotal factor in its global acclaim. This meteoric rise can be attributed to its astute investment strategies, which have yielded an 8.8% enhancement in returns. The OIA’s diversified investments span two primary portfolios: “National Development” and “Generations,” each with its distinct focus and objectives.
A notable feather in OIA’s cap is its full ownership of OQ, a central entity for energy investments in Oman. As the OIA continues to expand its horizons, it has earmarked an ambitious 5 billion dollars for investment endeavors in 2023. This vision aligns with its recent collaboration with Saudi Arabia’s Public Investment Fund, underscoring a shared commitment to bolstering the Omani economy.
Serving as the Sultanate of Oman’s investment beacon, the OIA operates with a mandate of financial and administrative autonomy, reporting directly to the Council of Ministers. Its inception, under the aegis of Sultan Haitham bin Tariq, heralds a new era of investment acumen and economic foresight for Oman.