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.



Hezbollah Says Fired Missiles at Base Near South Israel's Ashdod

Israel’s Iron Dome anti-missile system operates to intercept incoming projectiles, amid hostilities between Hezbollah and Israeli forces, in Nahariya, Israel, November 21, 2024. REUTERS/Thomas Peter
Israel’s Iron Dome anti-missile system operates to intercept incoming projectiles, amid hostilities between Hezbollah and Israeli forces, in Nahariya, Israel, November 21, 2024. REUTERS/Thomas Peter
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Hezbollah Says Fired Missiles at Base Near South Israel's Ashdod

Israel’s Iron Dome anti-missile system operates to intercept incoming projectiles, amid hostilities between Hezbollah and Israeli forces, in Nahariya, Israel, November 21, 2024. REUTERS/Thomas Peter
Israel’s Iron Dome anti-missile system operates to intercept incoming projectiles, amid hostilities between Hezbollah and Israeli forces, in Nahariya, Israel, November 21, 2024. REUTERS/Thomas Peter

Hezbollah said its fighters on Thursday fired missiles at a military base near south Israel’s Ashdod, the first time it has targeted so deep inside Israel in more than a year of hostilities.

Hezbollah fighters "targeted... for the first time, the Hatzor air base" east of the southern city, around 150 kilometers from Lebanon’s southern border with Israel, "with a missile salvo," the Iran-backed group said in a statement.

A rocket fired from Lebanon killed a man and wounded two others in northern Israel on Thursday, according to the Magen David Adom rescue service.
The service said paramedics found the body of the man in his 30s near a playground in the town of Nahariya, near the border with Lebanon, after a rocket attack on Thursday.
Israel meanwhile struck targets in southern Lebanon and several buildings south of Beirut, the Lebanese capital.

Israel has launched airstrikes against Lebanon after Hezbollah began firing rockets, drones and missiles into Israel the day after Hamas' attack on Israel last October. A full-blown war erupted in September after nearly a year of lower-level conflict.
More than 3,500 people have been killed in Lebanon, according to the country’s Health Ministry, and over 1 million people have been displaced. It is not known how many of those killed were Hezbollah fighters and how many were civilians.
On the Israeli side, Hezbollah’s aerial attacks have killed more than 70 people and driven some 60,000 from their homes.