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.



US Links Ankara-Damascus Normalization to Political Solution in Syria

Meeting between Erdogan and Assad in 2010 (Archive)
Meeting between Erdogan and Assad in 2010 (Archive)
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US Links Ankara-Damascus Normalization to Political Solution in Syria

Meeting between Erdogan and Assad in 2010 (Archive)
Meeting between Erdogan and Assad in 2010 (Archive)

Recent statements by Turkish President Recep Tayyip Erdogan on his willingness to meet Syrian President Bashar al-Assad to normalize relations between the two countries have sparked mixed reactions.
While the Syrian opposition sees the possibility of such a meeting despite the challenges, Damascus views the statements as a political maneuver by the Turks. Meanwhile, the United States has tied the normalization process to achieving a political solution in Syria based on UN Security Council Resolution 2254, issued in 2015.
Turkish media reported on Thursday that a US administration official, who was not named, confirmed that Washington is against normalizing relations with the Syrian regime under Assad. He emphasized that Washington cannot accept normalizing ties with Damascus without progress toward a political solution that ends the conflicts in Syria.
Meanwhile, the head of the National Coalition of Syrian Revolution and Opposition Forces, Hadi al-Bahra, stated that a meeting between Assad and Erdogan is possible despite the obstacles. In a statement to Reuters on Thursday, Bahra said the meeting is feasible, even though Ankara is fully aware that the Assad regime cannot currently meet its demands and understands the regime’s limitations.
Bahra pointed out that the UN-led political process remains frozen and that he had briefed US and Western officials on the latest developments in the Syrian file. On Saturday, Bahra participated in a consultative meeting in Ankara with the Syrian Negotiation Commission, along with a high-level delegation from the US State Department, during which they exchanged views on the political solution and the need to establish binding mechanisms for implementing international resolutions related to the Syrian issue.
On the other side, Assad’s special advisor, Bouthaina Shaaban, dismissed Erdogan’s announcement that Ankara is awaiting a response from Damascus regarding his meeting with Assad for normalization as another political maneuver with ulterior motives.
Shaaban, speaking during a lecture at the Omani Ministry of Foreign Affairs, which was reported by Turkish media on Thursday, stated that any rapprochement between the two countries is contingent on its withdrawal of forces from Syrian territory.