Oman Deploys $1.7 Billion to Anchor Global Supply Chains
Future Fund Oman has unveiled a $1.744 billion investment package targeting 105 strategic projects, as the sovereign wealth fund accelerates its push to diversify the Sultanate’s economy. The initiative aims to integrate Oman into global high-tech supply chains while drawing significant international capital into domestic priority sectors.
The portfolio leverages $585 million from the Fund alongside $458 million in local capital to target renewable energy, medical technology, and advanced manufacturing. Flagship ventures include Orion Solar, which will establish the Middle East’s first six-gigawatt integrated solar module facility in the SOHAR Freezone. Simultaneously, the Gallant Industrial Project is set to produce 66,000 tonnes of lithium iron phosphate cathode material annually, positioning the country within the electric vehicle battery market.
Beyond industrial manufacturing, the fund is diversifying into tourism and innovation. Projects range from the As' Sodah Island Resort to Terminal 11, a centralized hub for startups and venture capital. To bolster these efforts, the Fund committed $200 million each to global firms Vivo Capital and Certares, alongside a $130 million dedicated healthcare fund. Since its 2024 inception with $5.2 billion in capital, the organization acts as a primary vehicle for Oman Vision 2040, focusing on technology transfer and the localization of critical infrastructure.
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