Oman sovereign fund plans to spend $5 bln on projects in 2023
Published on: Monday 19 December 2022
Oman Investment Authority (OIA), the Gulf state's sovereign wealth fund, aims to spend 1.9 billion rials ($4.95 billion) on investment projects in 2023, state media reported on Tuesday. The OIA said financing for the investment projects will come from the local and foreign private sector, from financing institutions, or from the agency itself or its subsidiaries.
The sovereign wealth fund also expects to exit eight investments in 2023, with estimated returns exceeding half a billion rials.
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