The total assets of the Oman Investment Authority (OIA) reached OMR 19.6 billion ($50.9 billion), according to its 2023 annual report.
The report highlighted a 12% increase in total assets, up from OMR 17.2 billion ($44.68 billion) a year earlier, as the fund accelerates geographic and sector-based diversification of its new international and local investments.
Over the course of 2023, OIA also obtained over OMR 1.7 billion ($4.42 billion) in profit and contributed OMR 800 million ($2.08 billion) to the state’s general budget, bringing its total contributions to over $15 billion (Dh55 billion) since 2016
The government-controlled fund’s assets include state firms operating in many sectors across the Gulf nation’s economy including energy, aviation, maritime and telecommunications.
