Future Fund Oman announced it has approved 141 projects in 2025 and lifted total commitments to $1.2 billion, marking a year of record activity as the fund scales investment to support Oman’s economic diversification agenda.
Backed by the Oman Investment Authority, the fund was established with a $5.2 billion capital commitment slated for deployment over five years, with capital directed toward projects inside Oman and aligned with Oman Vision 2040. The program has sought to widen participation from global partners, drawing private-sector interest spanning the United States, the United Arab Emirates, Saudi Arabia, Egypt, China, and India.
Future Fund Oman said it has mobilized about $2.1 billion in additional private and foreign capital to date, including eight large-scale projects developed with international investors, banks, funds, and family offices, which it said reflects rising confidence in Oman’s industrial, manufacturing, and clean energy ambitions.
Job creation remains central to the fund’s mandate. Projects approved since launch have generated more than 1,400 jobs, with thousands more reported in progress. Investment has been concentrated across five national priority clusters: energy transition, advanced materials, healthcare, logistics, and information and communications technology.
Among the largest developments highlighted, Future Fund Oman noted a $1.6 billion solar-grade polysilicon manufacturing facility by United Solar, scheduled for completion in 2026. The fund said the project has already supported more than 1,000 jobs and produced more than $317 million in in-country value, while also attracting interest from international development finance institutions.
The fund also cited JA Solar’s six-gigawatt solar cell manufacturing complex at the SOHAR Port and Freezone, a $442 million project described as nearing key construction milestones. Once operational, the facility is expected to employ more than 500 people and expand Oman’s position in regional clean energy supply chains.
Beyond large-scale industrial projects, Future Fund Oman reported continued activity under its SME and venture capital mandate. Since its inception, it has approved 132 SME and VC projects, committing $56.7 million and deploying $37.4 million through eight specialized vehicles spanning pre-seed, seed, growth equity, and SME debt.
Overall, the fund said it has assessed 828 proposals and approved 141 projects valued at around $3.4 billion, comprising nine significant strategic investments alongside 132 SME and venture capital initiatives. It targets a 12 percent return and a 40 percent equity ceiling per investment, allocating capital across both national-scale platforms and smaller, high-growth businesses.
