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.



Arab Parliament Condemns Israeli Minister's Storming of Al-Aqsa Mosque

Arab Parliament
Arab Parliament
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Arab Parliament Condemns Israeli Minister's Storming of Al-Aqsa Mosque

Arab Parliament
Arab Parliament

Arab Parliament Speaker Mohammed Ahmad al-Yamahi strongly condemned the storming of Al-Aqsa Mosque by the Israeli minister of national security, describing the act as an incitement and a provocation to the feelings of millions of Muslims around the world, the Saudi Press Agency said on Thursday.

Al-Yamah added that the Israeli minister’s acts clearly disregard the international community, international law, and the internationally legitimate resolutions.

In a statement, al-Yamahi emphasized that any attempts to alter the historical and legal status quo on Jerusalem’s holy sites are rejected and invalid, and that such actions constitute a flagrant violation of international law and relevant United Nations resolutions and contribute to increasing escalation, tension, and instability in the region.