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The Oman Investment Authority (OIA) functions as the investment arm for the Sultanate of Oman, operating as a sovereign wealth fund tasked with the prudent management of the nation's financial assets. Its core strategy involves optimizing returns across a diversified portfolio to support long-term economic stability. The OIA manages two distinct funds: the Future Generations Fund, which focuses on international assets in both public and private markets, and the National Development Fund, specifically designed to advance economic diversification and growth within Oman's domestic sectors.
The OIA was formally established by Royal Decree No. 61/2020, granting it complete financial and administrative independence while reporting directly to the Council of Ministers. This foundational mandate arose from the strategic insight to consolidate and streamline the management of Oman's national wealth, ensuring a cohesive approach to investment that aligns with national development objectives. Its creation underscores a forward-thinking approach to economic stewardship.
The Authority's stakeholders are broadly the people of Oman and future generations, benefiting from its efforts to safeguard and grow national reserves. The OIA’s overarching vision is to play a pivotal role in implementing Oman Vision 2040, fostering economic sustainability, and driving development by strategically deploying capital. Through its comprehensive investment activities, it aims to secure a prosperous economic future for the Sultanate.
Oman Investment Authority has 4 tracked investments across 4 companies. The latest tracked deal is $6.0B Series C in Xai in December 2024.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| Dec 25, 2024 | Xai | $6.0B Series C | — | AMD Ventures, Andreessen Horowitz, BlackRock, Fidelity Management & Research Company, Kingdom Holding, Lightspeed Venture Partners, MGX, Morgan Stanley, NVIDIA, Qatar Investment Authority, Sequoia Capital, Valor Equity Partners, VY Capital |
| May 9, 2024 | Hysata | $111.0M Series B | Anastasia Vaia, Alfred Wong | Bluescopex, Hostplus, IMM Investment, Posco E&C, Posco Holdings, Shinhan Financial Group, Telstrasuper, Twin Towers Ventures, Vestas Ventures, Virescent Ventures |
| Dec 1, 2022 | Group14 Technologies | $210.0M Series C | — | Amazon Climate Pledge Fund, ArcTern Ventures, BMW I Ventures, Energy Impact Partners, Hitachi Ventures, Microsoft, Lightrock, Molicel |
| Mar 30, 2022 | MycoTechnology | $85.0M Series E | Oman Investment Authority | Alphacy Investment, Bunge Ventures, Continental Grain Company, Evolution VC Partners, Gaingels, Maple Leaf Foods, Nourish Ventures, Rage Capital, S2G Ventures, Siddhi Capital, Tyson Ventures |