The Sultan of Oman, Haitham bin Tariq, has launched an investment fund called the Oman Future Fund with a capital of OMR 2 billion ($ 5.2 billion). The fund aims to promote economic activity and encourage the private sector to enter into partnerships or finance feasible investment projects in the economic diversification sectors targeted by Oman Vision 2040.
The Sultan of Oman directed the allocation of a percentage of the fund's capital to stimulate the venture investment system in small, medium, and emerging companies registered in the Small and Medium Enterprises Development Authority.
Sultan Haitham bin Tariq stressed that "the launch of this project comes within the framework of the trend towards building modern cities with international planning standards equipped with integrated and interconnected facilities. Providing all services that meet the needs of residents and work to stabilize families in them, as the establishment of the city is a model development in building sustainable cities."
Source (Al-Arabiya.net Website, Edited)
