OIA signs investment agreements worth RO5 billion

The Oman Investment Authority (OIA) and its companies signed agreements with the UAE Holding Company (ADQ) worth over RO5 billion.

The parties also identified preliminary investments to be assessed further that are worth over R05 billion in new projects within Oman across target sectors including hydrogen, solar and wind power generation, green aluminum, and steel, as well as water and electricity transmission lines. ADQ is also exploring investment in other sectors that include but are not limited to food & agriculture, logistics, technology, and healthcare.

This is in line with ADQ’s ambitions to expand its power, water, and industrial platforms throughout Oman to capture synergies that achieve long-term and sustainable value creation for both nations.

Abdulsalam Al Murshidi, President of Oman Investment Authority (OIA), said: “Our partnership with a like-minded institution, such as ADQ, showcases our shared commitment to building long-term sustainable relationships. Our discussions today will not only create a platform to enable us to explore mutually beneficial co-investment opportunities but facilitate knowledge sharing to strengthen our respective organizations’ investment platforms.”