Oman Investment Authority Goes the SDSWF Route
Posted on 01/31/2021
Oman remains battled fiscally, as oil prices remain low for the government. The Oman Investment Authority (OIA), the newly-formed SWF that is made from the Oman State General Reserve Fund, Oman Investment Fund, and other entities, released a 6-month milestone list.
OIA was created by a royal decree in June 2020. The estimated US$ 17 billion sovereign wealth fund merged some SOEs and created new government businesses. In July 2020, OIA created the Agricultural Production and Marketing Company to produce high-quality vegetables and fruits. In January 2021, OIA finalized the restructuring of wages and benefits of various state-owned enterprises.