Oman Investment Authority
Coverage of Oman Investment Authority in the Nexus archive.
- Oman pulls in $9B in fresh foreign investment
Oman secured $9 billion in foreign investment through projects in the Duqm Special Economic Zone and other sectors, involving investors from Asia, Europe, and the Middle East. Key initiatives include green hydrogen, electric vehicle battery materials, and renewable energy projects, with Future Fund Oman announcing 105 additional ventures in medical tech, tourism, and renewables.
- Gulf's SpaceX investors could be set for windfall following IPO
Gulf sovereign wealth funds and billionaires, including Saudi billionaire Prince Alwaleed bin Talal, stand to gain significantly from SpaceX's potential IPO. Investments via xAI and direct stakes in SpaceX, valued at up to $4.5 billion for some, could yield massive returns as the company targets a $28.5 trillion market. Regional entities like PIF's HUMAIN, Abu Dhabi's MGX, and Qatar Investment Authority have also backed Musk's ventures.
- Oman government revenues rise 13% on oil price spike
Oman's government revenues increased 13% year-on-year in Q1, driven primarily by higher oil and gas revenues and new regional logistics opportunities. The country has benefited economically from regional tensions, with its ports becoming crucial transit hubs and a customs corridor with Dubai handling $2.2 billion in goods.