Omani fund prepares for launch

Oman’s State General Reserve Fund (SGRF) is preparing to launch an investment vehicle designed to attract foreign funding for the country’s infrastructure.

The Oman Infrastructure Fund will be created “in the coming period” according to comments made by the SGRF’s executive president Abdul Salam bin Mohammed Al-Murshidi and reported by the Oman News Agency.

He added that the fund, which will target overseas investors, will also seek exposure to the technology sector via healthcare technology, medical equipment and blockchain.

The SGRF, which has around $20 billion in assets under management, has previously invested in tourism, mining, ports, logistics and food processing.

News of the infrastructure fund was reported in January. In May, Oman signed a memorandum of understanding with China for its Silk Road development initiative thereby underlining the plan to invest in infrastructure projects.

©2018 funds global mena

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