The Oman Investment Authority (OIA) has announced plans to divide its main assets into two portfolios.
The national development portfolio (NDP) and future generations portfolio (FGP) will both have their own clear objectives and specific competencies, while ensuring no overlap, according to OIA chairman Abdulsalam bin Muhammad al Murshidi.
The NDP will have a domestic focus, managing the assets of more than 160 local companies, the proceeds of which will be used to fund the development of the Omani economy.
The FGP will comprise a blend of foreign and local assets in private and public markets as well as some real estate assets.
The OIA also announced that it expects to bring in RO2.6 billion (US$6.76 billion) from its divestment of over 20 assets over the next five years.
The sovereign wealth fund also hopes to attract $2.6 billion through private investments this year.
The plans were announced as part of the authority’s business plans briefing session.
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