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.



UK's Starmer Discussed Importance of a Ceasefire With Lebanon's PM

Britain's Prime Minister Keir Starmer smiles on stage on the second day of the annual Labor Party conference in Liverpool, north-west England, on September 23, 2024. (Photo by Oli SCARFF / AFP)
Britain's Prime Minister Keir Starmer smiles on stage on the second day of the annual Labor Party conference in Liverpool, north-west England, on September 23, 2024. (Photo by Oli SCARFF / AFP)
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UK's Starmer Discussed Importance of a Ceasefire With Lebanon's PM

Britain's Prime Minister Keir Starmer smiles on stage on the second day of the annual Labor Party conference in Liverpool, north-west England, on September 23, 2024. (Photo by Oli SCARFF / AFP)
Britain's Prime Minister Keir Starmer smiles on stage on the second day of the annual Labor Party conference in Liverpool, north-west England, on September 23, 2024. (Photo by Oli SCARFF / AFP)

British Prime Minister Keir Starmer met his Lebanese counterpart at the United Nations and discussed the importance of an immediate ceasefire and a negotiated solution in the conflict with Israel, his office said on Friday.
Starmer met Lebanon's Najib Mikati at the United Nations General Assembly, reported Reuters.
"The Prime Minister opened by giving his sincere condolences to Prime Minister Mikati for the loss of civilian life in recent weeks," the statement said.
"They discussed the escalating conflict in Lebanon, and agreed on the importance of an immediate ceasefire and a negotiated solution."