Oman's Future Fund Targets Global Supply Chains with $1.7 Billion Push

The portfolio leverages $585 million in direct fund commitments alongside $458 million in local capital to anchor Oman within the global energy transition. A centerpiece of this strategy is the Orion Solar facility in SOHAR Freezone, which aims to produce six gigawatts of solar modules annually. Complementing this, the Gallant Industrial Project will manufacture 66,000 tonnes of lithium iron phosphate cathode material, directly positioning the nation within the electric vehicle battery supply chain.

Beyond heavy industry, the fund is diversifying into service and technology sectors. Developments such as the As' Sodah Island Resort and Terminal 11—an innovation hub for startups and researchers—aim to modernize the domestic economy. The fund is also deploying $200 million apiece into Vivo Capital and Certares, alongside a $130 million healthcare vehicle, to import international expertise and localize medical manufacturing. Established in 2024 with $5.2 billion in capital, the fund operates as a central pillar of the Oman Vision 2040 initiative to modernize the national industrial base.