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Oman: Volume of Investments in 13 Existing Zones Reached 39.5 Billion

Dr. Ali Masoud Al Sunaidy pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion. Photo: local media
Dr. Ali Masoud Al Sunaidy pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion. Photo: local media
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Oman: Volume of Investments in 13 Existing Zones Reached 39.5 Billion

Dr. Ali Masoud Al Sunaidy pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion. Photo: local media
Dr. Ali Masoud Al Sunaidy pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion. Photo: local media

Dr. Ali Masoud Al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ) pointed out that the volume of investments in the 13 existing zones, supervised by OPAZ, reached RO15.2 billion (USD39.5 billion), constituting a growth rate of 6% in 2021.

This came during the annual media briefing of OPAZ to highlight the achievements of 2022 in various fields, as well as to reveal OPAZ’s strategy and the goals of its plan for 2023.

Al Sunaidy added that after transferring the affiliation of the Public Establishment for Industrial Estates (Madayn) to OPAZ in June 2022, the Authority supervises 13 existing zones.

The zones comprise the Special Economic Zone at Duqm (SEZAD) and 3 free zones in Sohar, Salalah and Al Mazunah, and 9 existing industrial cities operated by Madayn.”

He added that there are 8 various new zones under development and study. The Integrated Economic Zone in Al Dhahirah Governorate, which is under planning and development, will be among the promising upcoming zones.

“In the field of financial sustainability, OPAZ was able to reprogram the financing agreements and provide financing coverage for a number of infrastructure projects ... without the need to refer to the government’s treasury,” said Al Sunaidy.

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Saudi PIF Invests $200 Million in ETF Bond Fund

The fund is the first of its kind in Saudi Arabia to focus on fixed-income exchange-traded funds (ETFs). (Asharq Al-Awsat)
The fund is the first of its kind in Saudi Arabia to focus on fixed-income exchange-traded funds (ETFs). (Asharq Al-Awsat)
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Saudi PIF Invests $200 Million in ETF Bond Fund

The fund is the first of its kind in Saudi Arabia to focus on fixed-income exchange-traded funds (ETFs). (Asharq Al-Awsat)
The fund is the first of its kind in Saudi Arabia to focus on fixed-income exchange-traded funds (ETFs). (Asharq Al-Awsat)

State Street Global Advisors, a subsidiary of State Street Corporation, announced that Saudi Arabia’s Public Investment Fund (PIF) has invested SAR 750 million ($200 million) in the newly launched SPDR J.P. Morgan Saudi Aggregate Bond ETF.

According to a statement released by the company on Wednesday, this fund is the first of its kind in Saudi Arabia to focus on fixed-income exchange-traded funds (ETFs). It is listed in both the London Stock Exchange and Germany’s Xetra, offering investors the opportunity to track government and quasi-government bonds denominated in either the Saudi Riyal or the US Dollar, including sukuk (Islamic bonds).

This investment aligns with the objectives of Saudi Vision 2030, representing a significant step toward enhancing the international presence of Saudi Arabia’s financial markets and attracting foreign investments. The fund is available to investors across several European countries, including Austria, Denmark, France, Germany, and Italy.

Commenting on the investment, Yazid Al-Humaid, Deputy Governor and Head of MENA Investments at PIF, said: “The fund continues to create opportunities and enable access to diverse capital markets in the Kingdom. Investing in the first internationally listed Saudi fixed-income ETF underscores PIF’s commitment to deepening Saudi capital markets, attracting investors, and fostering partnerships across global financial centers.”

CEO of State Street Global Advisors Yi-Hsin Hung emphasized that the launch of the fund is a significant milestone in providing innovative opportunities for investors while contributing to Saudi Arabia’s economic growth.