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Sovereign Wealth Funds Briefing - Categorized | Fund Profile/New Launches

OIF launches $200mn technology fund

Posted on 26 October 2016

Government-owned Oman Investment Fund (OIF) has launched a US$200mn Oman Technology Fund (OTF) to invest in startup technology companies around the region and the world. Officials said the fund is expected to attract technology companies to Oman and help build the country as a tech hub. It is part of the government’s economic diversification strategy.
“We commend the launch of the OTF as an innovative investment vehicle that will help us achieve our development objectives to grow the ICT sector in Oman,” said H E Dr Ali bin Masoud bin Ali al Sunaidy, Minister of Commerce and Industry…………………………………..Full Article: Source


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