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.



Jordanian Government: Supporting Palestine Should Not Come at Expense of National Stability

Jordan’s Minister of Government Communication Mohammad Momani (X)
Jordan’s Minister of Government Communication Mohammad Momani (X)
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Jordanian Government: Supporting Palestine Should Not Come at Expense of National Stability

Jordan’s Minister of Government Communication Mohammad Momani (X)
Jordan’s Minister of Government Communication Mohammad Momani (X)

Jordan’s Minister of Government Communication Mohammad Momani said on Saturday that supporting the Palestinian cause should not come at the expense of his country’s national stability but should be expressed through unity behind the Hashemite leadership, the Arab Army, and the security agencies.

Momani stressed that King Abdullah II’s positions in defending Palestinian rights and supporting steadfastness in the West Bank, Jerusalem, and Gaza remain firm, employing all political, diplomatic, and humanitarian tools, according to Jordan’s official news agency, Petra.

Momani, who is also the government spokesperson, said Jordan’s position on Palestine is clear and unwavering, centered on the right of Palestinians to self-determination and the establishment of an independent state with East Jerusalem as its capital.

He also stressed that Jordan’s support stems from religious, moral, and humanitarian obligations and that the creation of a Palestinian state is a vital national interest for Jordan.

On April 15, Jordan announced the arrest of 16 people for allegedly planning to target national security and sow “chaos.”

Amman said the suspects were arrested for “manufacturing rockets using local tools as well as tools imported for illegal purposes, possession of explosives and firearms, concealing a rocket ready to be deployed, planning to manufacture drones, and recruiting and training operatives in Jordan as well as training them abroad.”

Later, Interior Minister Mazen Fraya said Jordan outlawed the Muslim Brotherhood.

Fraya said all the activities of the group would be banned and anyone promoting its ideology would be held accountable by law.

The ban includes publishing anything by the group and closure and confiscation of all its offices and property, he added.