MUSCAT : From cutting-edge water tech and port expansions to carbon-neutral farming and stock market debuts, the 13th issue of Achievement and Brief reflects a dynamic shift in Oman’s investment landscape.
The Oman Investment Authority has marked a milestone in water sector innovation with its investment in US-based Gradiant, a global leader in advanced water and wastewater treatment solutions. With 166 registered patents and 67 more pending, Gradiant brings high-tech capabilities to Oman’s shores. As part of this collaboration, the company launched the Oman Innovation Labs Center in partnership with Nama Water Services and joined forces with Turing, a Gradiant subsidiary, to explore AI-driven solutions for local water challenges.
The newsletter also revealed OIA’s strategic exits from two high-yield global real estate investments. The authority achieved a 17% internal rate of return (IRR) from its investment in Australia’s Scape and a 22% IRR from its investment in Zurich Apart Hotel under Westmont Hospitality Group.
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In an exclusive interview featured in the issue, Eng. Abdulrahman Al Hatmi, CEO of ASYAD Group, outlined transformative projects across Oman’s port infrastructure. These include the expansion of Salalah and Sohar ports, as well as the redevelopment of Sultan Qaboos and Suwaiq ports. He also announced the commencement of the free zone project in Muscat and Phase 2 of the Sohar Free Zone.
Looking ahead, ASYAD has completed studies for two major trade-enhancing projects aimed at strengthening ties with Saudi Arabia and the UAE. Plans are also underway for the public offering of shares in Asyad Shipping Company, as the group ramps up Omanization and local talent development efforts.
The bulletin profiled Ayham Al-Riyami, Senior Director of the Public Markets Directorate, highlighting his career journey since 2009 and his role in managing OIA’s global portfolio.
OIA’s innovation and sustainability efforts were also on display through the “Qimam” hackathon series, which brought together 150 teams across Oman to solve real-world challenges. Sustainability took center stage with the launch of a major green farming initiative—planting 30,000 Omani lemon trees at Rahb Farm, a pioneering carbon credit project that supports the country’s net-zero goals and boosts national lemon production by 38%.
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