Muscat: The Oman Investment Authority (OIA) has achieved significant success with its investments in Rotary, a Singaporean engineering firm, and Intervias, a Brazilian infrastructure company, according to its latest quarterly newsletter, Achievement and Briefing. Both investments, part of OIA’s “Generations Portfolio,” aim to expand the Authority’s global footprint while bringing advanced technologies and expertise back to Oman.

Rotary, which specializes in integrated engineering services for the oil and petrochemical sectors, recorded a 19% revenue increase in 2023. OIA first acquired a 21.4% stake in Rotary in 2008 and raised its shares to 35% in 2018. Rotary’s success has been driven by large-scale projects across Asia and its focus on renewable energy and petrochemicals. OIA is now leveraging Rotary’s global expertise to support local projects and explore potential international partnerships.

Intervias, an infrastructure company operating toll roads in São Paulo, saw a 17% rise in revenue in 2023, bolstered by increased traffic. OIA’s partial exit from Intervias has resulted in substantial returns, which will be reinvested in future ventures, adhering to global best practices.