Elon Musk to visit Muscat for annual IFSWF meet

Muscat: Businessman and investor Elon Musk will visit Muscat to participate in the annual meeting of the International Forum of Sovereign Wealth Funds (IFSWF), organized by the Oman Investment Authority in November.

He will discuss the technology and trends shaping today's world and the likely changes it will cast in the future, the Forum said in an official post.

About Musk

Elon Reeve Musk is an investor known for his key roles in the space company SpaceX and the automotive company Tesla, X Corp (formerly known as Twitter), the Boring Company, AI, Neuralink, and OpenAI.

Elon is also CEO of Neuralink, which is developing ultra-high bandwidth brain-machine interfaces to connect the human brain to computers.

He also launched The Boring Company, which combines fast, affordable tunneling technology with an all-electric public transportation system to alleviate soul-crushing urban congestion and enable high-speed, long-distance travel. The Boring Company built a 1.15-mile R&D tunnel in Hawthorne and is currently constructing Vegas Loop, a public transportation system at the Las Vegas Convention Center.

Previously, Elon co-founded and sold PayPal, the world's leading Internet payment system, and Zip2, one of the first Internet maps and directions services.

Based on the success with SpaceX, Musk and his team are developing Starship – a fully reusable transportation system that will carry crew and cargo to the Moon, Mars, and beyond – and Starlink, which will deliver high-speed broadband internet to locations where access has been unreliable, expensive, or completely unavailable.

SpaceX is pursuing the long-term goal of making humans a multi-planet species by creating a self-sustaining city on Mars.

He was born on June 28, 1971, in Pretoria, South Africa.

In 1999, Musk co-founded X.com, an online payment company that eventually evolved into what we now know as PayPal. This platform caught the attention of eBay, leading to its acquisition in 2002.

Musk founded SpaceX (Space Exploration Technologies Corp.) in 2002. This aerospace manufacturer and space transportation company has revolutionized the space industry, making space travel more accessible and affordable. With ambitious goals of colonizing Mars and making humanity multi-planetary, Musk has become a leading force in advancing space exploration.

In 2004, Musk provided crucial funding for Tesla Motors, the leading electric car manufacturer.

International Forum of Sovereign Wealth Funds (IFSWF)

It was earlier reported Oman Investment Authority (OIA) will host the annual meeting of the International Forum of Sovereign Wealth Funds (IFSWF) from November 3-6 in Muscat at the St. Regis Hotel Muscat.

Nasser Suleiman al Harthy, Vice President of OIA for Operations, said that the meeting, scheduled to be held in Muscat, provides an opportunity to promote Oman and attract foreign investments.

The forum will be attended by heads of the largest sovereign wealth funds in the world whose wealth exceeds $8 trillion.

The forum will open up vistas for building a network of relations with the establishments and introduce them to Oman’s natural resources and investment advantages. This will in turn consolidate the country’s presence in the global arena, draw foreign capital, and generate opportunities to build long-term partnerships that will reflect positively on Oman’s economic diversification and the national economy’s growth.

The forum will discuss the evolving role of Sovereign Wealth Funds in the dynamic world of global economics and politics, sovereign wealth funds, which will be presented by Samra al Harthy, Director of Economic & Investments Research, OIA.

IFSWF members will explore investment opportunities in AI, which is purported to fundamentally transform the global economy and alter market dynamics. The session will explore how IFSWF members can go about responsibly investing in AI-based technologies.