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.



Israeli Strike in Syria Kills 5 Soldiers

People fleeing from Lebanon arrive on the Syrian side of the border with Lebanon in Jdeidat Yabus in southwestern Syria on September 25, 2024. (Photo by LOUAI BESHARA / AFP)
People fleeing from Lebanon arrive on the Syrian side of the border with Lebanon in Jdeidat Yabus in southwestern Syria on September 25, 2024. (Photo by LOUAI BESHARA / AFP)
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Israeli Strike in Syria Kills 5 Soldiers

People fleeing from Lebanon arrive on the Syrian side of the border with Lebanon in Jdeidat Yabus in southwestern Syria on September 25, 2024. (Photo by LOUAI BESHARA / AFP)
People fleeing from Lebanon arrive on the Syrian side of the border with Lebanon in Jdeidat Yabus in southwestern Syria on September 25, 2024. (Photo by LOUAI BESHARA / AFP)

An overnight Israeli airstrike on a military site in the area of Kfar Yabous in Syria near the border with Lebanon killed five Syrian army soldiers and injured another, Syrian state news agency SANA reported Friday, citing an unnamed military official.

Israel's military did not immediately acknowledge the strike. Israel regularly targets military sites in Syria and facilities linked to Iran and the Lebanon’s Hezbollah but rarely acknowledges them.

Those strikes have become more frequent as Hezbollah has exchanged fire with Israeli forces for the past 11 months against the backdrop of Israel’s war against Hamas in the Gaza Strip.

Tens of thousands of Lebanese and Syrians have fled across the border from Lebanon into Syria since the beginning of the week amid intense Israeli bombardment that Israel says is targeting Hezbollah fighters and weapons. The strikes have killed an estimated 700 people to date, including at least 150 women and children.