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.



Berri to Asharq Al-Awsat: Lebanon's Presidential Election is My Priority After Ceasefire

Lebanon's Parliament Speaker Nabih Berri (R) meets with French President's Special Envoy to Lebanon Jean-Yves Le Drian (L), in Beirut, Lebanon, 28 November 2024. EPA/WAEL HAMZEH
Lebanon's Parliament Speaker Nabih Berri (R) meets with French President's Special Envoy to Lebanon Jean-Yves Le Drian (L), in Beirut, Lebanon, 28 November 2024. EPA/WAEL HAMZEH
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Berri to Asharq Al-Awsat: Lebanon's Presidential Election is My Priority After Ceasefire

Lebanon's Parliament Speaker Nabih Berri (R) meets with French President's Special Envoy to Lebanon Jean-Yves Le Drian (L), in Beirut, Lebanon, 28 November 2024. EPA/WAEL HAMZEH
Lebanon's Parliament Speaker Nabih Berri (R) meets with French President's Special Envoy to Lebanon Jean-Yves Le Drian (L), in Beirut, Lebanon, 28 November 2024. EPA/WAEL HAMZEH

Lebanese Parliament Speaker Nabih Berri has set the presidential election session for January 9, 2024, calling it a “productive” meeting and announcing that accredited ambassadors in Lebanon will be invited.

Berri told Asharq Al-Awsat that his priority after the ceasefire with Israel is the presidential election, which he called a “national necessity.”

The announcement came as French envoy Jean-Yves Le Drian arrived in Beirut for talks with Lebanese leaders about restarting stalled political efforts due to the war between Israel and Lebanon’s Hezbollah.

Both Berri and Prime Minister Najib Mikati received a call from French President Emmanuel Macron late Wednesday.

Macron discussed with Mikati the current situation in Lebanon following the ceasefire, as well as the implementation of decisions made at the recent Lebanon Support Conference in Paris.

In his call with Berri, Macron addressed the general situation, recent steps taken by Lebanon regarding the ceasefire and Israeli provocations, and preparations for the presidential election.

This renewed presidential push comes after more than two years of a vacant presidency, with Lebanese political parties still divided over a consensus candidate.