MUSCAT : The projects, with a total value exceeding RO 832 million, including foreign investments worth RO 609 million, is expected to generate 1,600 direct job opportunities.

The projects are distributed into 10 sectors, including electric vehicles, new energy, and e-commerce. These comprise three major projects, and 19 small, medium and emerging projects.

The agenda under major projects include United Solar, the first polysilicon factory of its kind in Sohar, and two investment funds with Chinese companies. The SME and emerging projects will feature a company providing a (buy now, pay later) service, a platform for medical tourism, and a provider of solutions for managing drones.

The OIA’s Deputy President, Mulham bin Bashir Al Jarf, highlighted that these projects align with the Fund’s objectives of developing the local economy, promoting targeted economic sectors, and fostering partnerships with the private sector. The investments are also expected to create job opportunities and stimulate growth in small and medium enterprises (SMEs) and startups.

Since its launch on January 17, 2024, the Future Fund Oman has garnered significant interest from both local and international investors. The Fund received an impressive 212 applications, underscoring its appeal and potential for driving economic development.

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