OIA set to host gathering of sovereign wealth funds
Published: 02:10 PM,Oct 30,2024 | EDITED : 06:10 PM,Oct 30,2024
Duncan Bonfield, IFSWF CEO; Shaikh Nasser al Harthy, Deputy President for Operations at OIA and Bader al Hinai, Chief of Media & Communications at OIA, answer questions from the media.
BUSINESS REPORTER
MUSCAT, OCT 30
The Oman Investment Authority (OIA) is poised to host the largest-ever gathering of the International Forum of Sovereign Wealth Funds (IFSWF) from November 3-6 in Muscat. More than fifty sovereign wealth funds from forty-six countries will convene, marking a milestone since the forum’s inception in 2009. The event includes a high-profile conference featuring global speakers, such as Elon Musk of SpaceX and Tesla, Oman’s Minister of Energy and Minerals, Engineer Salim al Aufi, OIA President Abdulsalam al Murshidi, and other international leaders.
Hosting this prestigious event reinforces Oman’s growing influence in the global investment landscape. OIA won the bid to host with a decisive 63.64% of votes, underscoring Oman’s appeal as a strategic meeting point. Situated within seven hours of half the world’s population, Oman offers unparalleled connectivity, bolstered by its rich cultural heritage and advanced infrastructure. This unique blend enhances Oman’s capacity to foster international partnerships and investments, positioning it as an attractive hub for economic collaboration.
Shaikh Nasser al Harthy, Deputy President for Operations at OIA, highlighted the potential of the forum to open doors for economic integration with sovereign wealth funds that collectively manage over $8 trillion in assets. “This gathering enables Oman to showcase its investment potential and forge partnerships that support our economic diversification goals,” he said. This event sets the stage for discussions that could shape long-term, mutually beneficial investments aligned with Oman’s national objectives.
IFSWF CEO Duncan Bonfield expressed his enthusiasm for the program OIA has crafted, which includes meetings, panel discussions, and an election for a new board of directors. Attendees will also experience Oman’s cultural richness, with excursions to landmarks like Nizwa Fort and the Oman Across Ages Museum. Bonfield emphasized the appeal of Muscat as a scenic backdrop, enhancing the forum experience with Oman’s stunning landscapes and welcoming spirit.
The forum’s conference will delve into pressing topics such as the energy transition, artificial intelligence, supply chains, and sustainable governance. These discussions aim to facilitate knowledge exchange on current global investment challenges and opportunities. A highlight will be contributions from 15 notable Omani speakers who will share insights aligned with Oman’s economic priorities, including renewable energy, governance, and green hydrogen.
Reflecting Oman’s cultural heritage, the forum’s logo features the Mandoos, symbolising prosperity, creativity, and trust—values that resonate with both OIA’s mission and Oman’s vision for sustainable growth. To commemorate this global event, OIA and the Central Bank of Oman will issue a special coin, while Oman Post will launch a commemorative stamp promoting Oman as a “Land of Opportunities.”
MUSCAT, OCT 30
The Oman Investment Authority (OIA) is poised to host the largest-ever gathering of the International Forum of Sovereign Wealth Funds (IFSWF) from November 3-6 in Muscat. More than fifty sovereign wealth funds from forty-six countries will convene, marking a milestone since the forum’s inception in 2009. The event includes a high-profile conference featuring global speakers, such as Elon Musk of SpaceX and Tesla, Oman’s Minister of Energy and Minerals, Engineer Salim al Aufi, OIA President Abdulsalam al Murshidi, and other international leaders.
Hosting this prestigious event reinforces Oman’s growing influence in the global investment landscape. OIA won the bid to host with a decisive 63.64% of votes, underscoring Oman’s appeal as a strategic meeting point. Situated within seven hours of half the world’s population, Oman offers unparalleled connectivity, bolstered by its rich cultural heritage and advanced infrastructure. This unique blend enhances Oman’s capacity to foster international partnerships and investments, positioning it as an attractive hub for economic collaboration.
Shaikh Nasser al Harthy, Deputy President for Operations at OIA, highlighted the potential of the forum to open doors for economic integration with sovereign wealth funds that collectively manage over $8 trillion in assets. “This gathering enables Oman to showcase its investment potential and forge partnerships that support our economic diversification goals,” he said. This event sets the stage for discussions that could shape long-term, mutually beneficial investments aligned with Oman’s national objectives.
IFSWF CEO Duncan Bonfield expressed his enthusiasm for the program OIA has crafted, which includes meetings, panel discussions, and an election for a new board of directors. Attendees will also experience Oman’s cultural richness, with excursions to landmarks like Nizwa Fort and the Oman Across Ages Museum. Bonfield emphasized the appeal of Muscat as a scenic backdrop, enhancing the forum experience with Oman’s stunning landscapes and welcoming spirit.
The forum’s conference will delve into pressing topics such as the energy transition, artificial intelligence, supply chains, and sustainable governance. These discussions aim to facilitate knowledge exchange on current global investment challenges and opportunities. A highlight will be contributions from 15 notable Omani speakers who will share insights aligned with Oman’s economic priorities, including renewable energy, governance, and green hydrogen.
Reflecting Oman’s cultural heritage, the forum’s logo features the Mandoos, symbolising prosperity, creativity, and trust—values that resonate with both OIA’s mission and Oman’s vision for sustainable growth. To commemorate this global event, OIA and the Central Bank of Oman will issue a special coin, while Oman Post will launch a commemorative stamp promoting Oman as a “Land of Opportunities.”