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Oman sovereign wealth fund focuses on local deals after protests

Posted on 02 May 2013

The Omani sovereign wealth fund is boosting investment in tourism, mining and fisheries and reducing the proportion of its assets overseas as part of plans to soothe social discontent after protests two years ago.
The fund is seeking to have 70 percent of its assets in Oman and 30 percent in other emerging markets, compared with a current balance of 50-50, Chief Executive Officer Hassan Al- Nabhani said yesterday in an interview in Dubai, declining to give the value of the fund. It’s also looking at opportunities in India’s manufacturing industries, he said………………………………………..Full Article: Source


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