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.



Kremlin Says It Wants Syria to Swiftly Restore Order after Opposition Attack

Fighters take over the district of Khan al-Assal following fierce fighting between Syrian government forces and opposition forces along with their Turkish-backed allies in the northern Syrian Aleppo province, on November 29, 2024. (Photo by Aaref WATAD / AFP)
Fighters take over the district of Khan al-Assal following fierce fighting between Syrian government forces and opposition forces along with their Turkish-backed allies in the northern Syrian Aleppo province, on November 29, 2024. (Photo by Aaref WATAD / AFP)
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Kremlin Says It Wants Syria to Swiftly Restore Order after Opposition Attack

Fighters take over the district of Khan al-Assal following fierce fighting between Syrian government forces and opposition forces along with their Turkish-backed allies in the northern Syrian Aleppo province, on November 29, 2024. (Photo by Aaref WATAD / AFP)
Fighters take over the district of Khan al-Assal following fierce fighting between Syrian government forces and opposition forces along with their Turkish-backed allies in the northern Syrian Aleppo province, on November 29, 2024. (Photo by Aaref WATAD / AFP)

The Kremlin said on Friday it wanted the Syrian government to restore constitutional order in the Aleppo region as soon as possible after an insurgent offensive there that captured territory for the first time in years.
Russia, a staunch ally of Syrian President Bashar al-Assad, intervened militarily on Assad's side against insurgents in 2015 in its biggest foray in the Middle East since the Soviet Union's collapse, and maintains an airbase and naval facility in Syria.
Opposition led Hayat Tahrir al-Sham group launched an incursion on Wednesday into a dozen towns and villages in the northwestern province of Aleppo, which is controlled by Assad's forces.
It was the first such territorial advance since March 2020 when Russia and Türkiye, which supports the opposition, agreed to a ceasefire that led to the halting of military action in Syria's last major opposition stronghold in the northwest.
Russian and Syrian warplanes bombed an opposition-held area near the border with Türkiye on Thursday to try to push back the insurgents, Syrian army and opposition sources said.
Kremlin spokesman Dmitry Peskov said Moscow regarded the attack as a violation of Syria's sovereignty and wanted the authorities to act fast to regain control.
"As for the situation around Aleppo, it is an attack on Syrian sovereignty and we are in favor of the Syrian authorities bringing order to the area and restoring constitutional order as soon as possible," said Peskov.
Asked about unconfirmed Russian Telegram reports that Assad had flown into Moscow for talks with Russian President Vladimir Putin, Peskov said he had "nothing to say" on the matter.