Oman Offers 36 Investment Opportunities for $4 Bn

The Omani Investment Authority (OIA) offers investment opportunities covering several sectors in the Sultanate (Asharq Al-Awsat)
The Omani Investment Authority (OIA) offers investment opportunities covering several sectors in the Sultanate (Asharq Al-Awsat)
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Oman Offers 36 Investment Opportunities for $4 Bn

The Omani Investment Authority (OIA) offers investment opportunities covering several sectors in the Sultanate (Asharq Al-Awsat)
The Omani Investment Authority (OIA) offers investment opportunities covering several sectors in the Sultanate (Asharq Al-Awsat)

Oman Investment Authority (OIA) announced 36 investment opportunities worth about $4 billion and covering various industries.

OIA’s Director General of Economic Diversification, Hisham bin Ahmed al-Sheedi, said these investment opportunities would potentially ensure better alignment and synergy between OIA and other government and private entities.

Sheedi noted that the opportunities are distributed across vital investment sectors, including technology, utilities (electricity), tourism, fisheries, food, mining, and health.

In an interview published in OIA’s first quarter 2023 newsletter, “Injaz & Ijaz,” Sheedi pointed out that the investments on offer were just an initial list likely to increase based on the current and future viability studies.

He noted that specialists in the lounge would explain investment opportunities to the investor as a first step.

The list features numerous IT projects such as programming, engineering solutions, blockchains, and tourism projects, including the 3rd phase of Yiti and Yankit Sustainable City, a multi-facility entertainment destination in Barka and a Logistic Gate project at the Economic Free Zone within Muscat International Airport.

The list also includes several food security and fisheries projects, including fish and shrimp farming, fattening tuna in large floating cages, three factories for canning and packaging marine products, and fish feed production.

The list contains mining projects such as industrial minerals, copper, magnesium, and silicon.



Netanyahu Says Israel Won't Stop Striking Hezbollah

Lebanese army soldiers and residents stand in front of a damaged building in the southern suburb of Beirut following an Israeli raid, in Beirut, Lebanon, 26 September 2024. EPA/WAEL HAMZEH
Lebanese army soldiers and residents stand in front of a damaged building in the southern suburb of Beirut following an Israeli raid, in Beirut, Lebanon, 26 September 2024. EPA/WAEL HAMZEH
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Netanyahu Says Israel Won't Stop Striking Hezbollah

Lebanese army soldiers and residents stand in front of a damaged building in the southern suburb of Beirut following an Israeli raid, in Beirut, Lebanon, 26 September 2024. EPA/WAEL HAMZEH
Lebanese army soldiers and residents stand in front of a damaged building in the southern suburb of Beirut following an Israeli raid, in Beirut, Lebanon, 26 September 2024. EPA/WAEL HAMZEH

Israeli Prime Minister Benjamin Netanyahu said Thursday that Israel is striking Lebanon’s Hezbollah “with full force” and won’t stop until its goals are achieved.

Netanyahu spoke as he landed in New York to attend the annual UN General Assembly meeting and as US, European and some Arab officials were pressing for a 21-day halt in fighting between Israel and Hezbollah to give time for negotiations.

Netanyahu said Israel’s “policy is clear. We are continuing to strike Hezbollah with full force. And we will not stop until we reach all our goals, chief among them the return of the residents of the north securely to their homes.”

He added that he approved the “targeted killing operation” of the head of Hezbollah’s drone unit in south Beirut Thursday.

Israel has dramatically escalated strikes in Lebanon this week, saying it is targeting Hezbollah. Israeli leaders have said they are determined to stop more than 11 months of cross-border fire by the group into Israel, which has forced the evacuation of tens of thousands of Israelis from communities in the north.