Prime Highlights
- Future Fund Oman has announced 105 strategic projects worth $1.74 billion to support economic diversification.
- The investment package includes projects in renewable energy, manufacturing, healthcare, tourism and innovation.
Key Facts
- Future Fund Oman is an investment portfolio of the Oman Investment Authority created in 2024 to support economic growth and diversification.
- Major projects include Orion Solar, a six-gigawatt solar manufacturing facility, and the Gallant Industrial Project for electric vehicle battery materials.
Background
Future Fund Oman (FFO), a portfolio of the Oman Investment Authority (OIA), has announced a new portfolio of 105 strategic projects and investments worth $1.74 billion to support the Sultanate’s economic diversification.
The package includes $585 million from FFO and about $458 million in local investment. The projects cover renewable energy, advanced manufacturing, tourism, healthcare, medical technology, innovation and food industries.
Among the major projects is Orion Solar, which will establish an integrated solar cell and module manufacturing facility at Sohar Freezone with an annual production capacity of six gigawatts. FFO said the project will strengthen Oman’s role in the regional solar energy supply chain.
Another key investment is the Gallant Industrial Project, which will produce 66,000 tonnes of lithium iron phosphate cathode material each year. The material is widely used in electric vehicle batteries and supports the growing clean energy market.
FFO is also investing in tourism, innovation and food security through projects including the As’ Sodah Island Resort, the Terminal 11 innovation hub, Alma, an animal nutrition company, and XCyber, a cybersecurity company focused on protecting critical infrastructure using artificial intelligence.
The fund has also committed $200 million each to global investment firms Vivo Capital and Certares. In addition, it has launched a $130 million Healthcare Investment Fund to strengthen medical industries and healthcare services in Oman.
FFO said it will continue supporting startups and small and medium-sized enterprises alongside large-scale strategic investments.
