The Oman Chamber of Commerce and Industry (OCCI) discussed the significance of the Future Fund Oman as a dependable investment partner during its third Ramadan Evening.
The event focused on the fund's mission, objectives, and operational strategies, as well as the various forms of collaboration between the public and private sectors. Additionally, the discussion highlighted the fund's crucial role in financing small and medium enterprises (SMEs).
Rashid bin Sultan Al Hashmi, Senior Manager of Investments at Future Fund Oman, presented a detailed paper titled 'Future Fund Oman: A Trusted Investment Partner'. The paper outlined the fund's goals related to economic growth, private sector empowerment, SME support, and investment promotion.
Furthermore, the presentation emphasized the fund's collaboration with government initiatives to expand financial opportunities for private sector entities, entrepreneurs, SMEs, and foreign investors. This collaboration is aligned with Oman Vision 2040 and focuses on key sectors such as tourism, industry, green energy, information technology, mining, agriculture, fisheries, ports, logistics, and other areas essential for economic diversification.
The fund's capital totals OMR2 billion, with OMR400 million allocated annually from 2024 to 2028 for financing purposes.
Dr. Yousef bin Hamad Al Balushi, the founder of Smart Investment Gateway (SIG), presented a paper analyzing the economic progress from 1970 to 2020, focusing on the structural changes in the economy and the significance of the Future Fund Oman.
Qais bin Rashid Al Tobi, the General Supervisor of the Omani promising emerging companies program at the Authority of SMEs Development, discussed the goals of the Authority in alignment with Oman Vision 2040.
Furthermore, the event featured conversations on the operational strategies of Future Fund Oman, as well as the various partnerships between the public and private sectors facilitated by the fund, positioning it as a crucial third portfolio for the Oman Investment Authority.
