MUSCAT: The joint investment company will focus on investing in vital and promising sectors aligned with the economic priorities of Oman and Jordan, including the objectives of Oman Vision 2040.
The targeted sectors include communications and information technology, agricultural wealth and food security, medical equipment and pharmaceuticals, energy, mining, tourism, and logistics services.
The partnership is expected to support economic diversification, stimulate local markets, create added value, and strengthen the growth and integration of companies in both countries.
The establishment of the company reflects the Oman Investment Authority’s strategy to enhance geographical and sectoral diversification within its investment portfolio, supporting asset protection, risk distribution, and the creation of investment platforms that ensure sustainable economic returns and capital flows.
His Excellency Mulham bin Bashir Al Jarf, Deputy President of the Oman Investment Authority, said the Omani-Jordanian strategic partnership represents a significant milestone in bilateral relations, translating the directives of the leadership of both countries into projects that strengthen economic cooperation.
His Excellency added that the partnership builds on a long history of cooperation and exchange of expertise between Oman and Jordan, while focusing on promising projects with sustainable economic and developmental impact that serve the shared interests of both countries.
He said the agreement also reinforces the authority’s role in implementing economic diplomacy by deepening cooperation with partners in sister countries, directing investments towards priority sectors, and enhancing the geographical and sectoral diversity of its portfolio.
Dr. Ezz El-Din Kanakrieh, Chairman of the Jordanian Social Security Investment Fund, said the agreement represents a strategic step in cooperation between the fund and the Oman Investment Authority.
He noted that the partnership reflects a shared vision based on utilizing capital and institutional expertise to develop economically viable investments in priority sectors, while expanding the fund’s regional and international presence.
The agreement marks a new phase of joint investment based on governance and efficiency and follows the Oman Investment Authority’s partnerships with countries including Qatar, Türkiye, China, Uzbekistan, Vietnam, Pakistan, Spain, Azerbaijan, India, Brunei Darussalam, Kazakhstan, and Belarus.
The OIA said the partnership underscores its commitment to strengthening Oman’s position as a regional hub for quality investments and supporting sustainable economic growth through long-term partnerships that facilitate knowledge transfer, attract capital, and enhance the competitiveness of the Omani economy across various sectors.