HH Sayyid Bilarab bin Haitham Al Said, the Honorary President of the "Rising Omani Start-ups Programme," paid a visit to the Oman Investment Authority (OIA) today. During his visit, he received a comprehensive briefing on the significant role played by Future Fund Oman in supporting small and medium enterprises (SMEs) as well as emerging startups.
HH Sayyid Bilarab was particularly interested to learn that Future Fund Oman serves as a dependable investment partner for SMEs and startups. The fund allocates 10% of its capital to these firms, thereby enhancing their access to alternative sources of financing. Additionally, he discovered that the fund actively contributes to economic diversification by forming investment partnerships and attracting investments to targeted sectors within the Sultanate of Oman.
Furthermore, HH Sayyid Bilarab received detailed information about the business tasks and investment activities of the Oman Investment Authority for the year 2023. These activities further reinforce the authority's commitment to promoting economic development and fostering integration with other sectors, all while ensuring financial sustainability.
