The Oman Investment Authority (OIA), for its part, is dedicated to forging robust partnerships with the private sector and attracting strategic investment alliances from beyond the nation’s borders. Its assets have ascended to surpass the threshold of RO 20 billion, following the realization of profits amounting to RO 1.585 billion and a contribution of RO 800 million to the state’s general budget. This distinguished performance was instrumental in the Authority securing a global ranking of 8th in the five-year investment return rate among sovereign wealth funds, as detailed in a report published by the Global SWF institute.
The Authority’s investments are strategically allocated across its three core portfolios: the National Development portfolio, the Generations portfolio, and the Future Fund Oman. These investments are geographically diversified across more than 50 nations worldwide, with the Sultanate of Oman itself representing the foremost allocation at 61.3 percent. This is followed by North America with 19.9 percent, and subsequently by Europe, Asia, Africa, and Latin America.
Furthermore, the Oman Investment Authority has announced the successful completion of 14 distinguished national projects, representing a total investment value exceeding RO 450 million. These projects are strategically distributed across the various governorates of the Sultanate of Oman and are poised to generate approximately 1,350 new employment opportunities. These positions are diversified within vital sectors, encompassing food security, manufacturing industries, and water resources.
The political and diplomatic engagements of the Sultanate of Oman resolutely affirm the steadfast nature of its core tenets and the defining parameters of its foreign policy. These are built upon enduring bonds of amity with all nations and peoples, founded upon mutual respect, shared interest, non-interference in internal affairs, and reverence for international and regional covenants, treaties, and the precepts of international law. The Sultanate of Oman champions the principles of dialogue and tolerance as its guiding philosophy for resolving diverse issues and challenges, fostering constructive cooperation, and cultivating harmony among states.
In this context, His Majesty the Sultan has undertaken a series of visits to several Arab and foreign countries. These visits were aimed at fortifying the foundations of friendship, reinforcing bilateral relations, and giving tangible expression to the continuity of cooperation and close diplomatic partnerships. They further sought to enhance collaboration with these countries across myriad sectors and developmental opportunities, thereby serving mutual interests and aspirations. A key focus has been capitalizing on signed agreements, translating them into concrete, executable programs that advance the nation’s developmental objectives. The itineraries included the Republic of Türkiye, the Kingdom of Belgium, the Kingdom of the Netherlands, the Russian Federation, the Republic of Belarus, the People’s Democratic Republic of Algeria, and the Kingdom of Spain. His Majesty also held a meeting with the King of the United Kingdom of Great Britain and Northern Ireland and Head of the Commonwealth, alongside a meeting with the Prime Minister of the United Kingdom.
Concurrently, the Sultanate of Oman has been honored by visits from a distinguished assembly of monarchs, heads of state, and senior officials. These esteemed guests have included: the King of the Kingdom of Bahrain; the Emir of the State of Kuwait; the Emir of the State of Qatar; the President of the United Arab Emirates; the President of the Islamic Republic of Iran; the Prime Minister of the Republic of Iraq; the Ruler of the Emirate of Sharjah; the Crown Prince of the Emirate of Dubai; the President of the Republic of Belarus; the President of the Republic of Türkiye; and the President of the Republic of Angola.
In its steadfast pursuit of global peace and security, the Sultanate of Oman hosted on 12 April 2025 pivotal negotiations concerning the Iranian nuclear file between the Islamic Republic of Iran and the United States of America, conducted under its esteemed mediation. The Iranian delegation was led by Dr. Abbas Araghchi, Iranian Minister of Foreign Affairs, while the American delegation was headed by Steve Witkoff, the US Presidential Envoy for the Middle East. The diplomatic endeavour comprised five rounds, convened in both Muscat and Rome, all of which were characterized by a constructive and amicable spirit that significantly contributed to a convergence of viewpoints.
Concerning the situation in Yemen, the Sultanate of Oman stated on 6 May the successful facilitation of a truce agreement between the United States of America and the Ansar Allah movement in Yemen. This accord mandates a complete cessation of hostilities, which includes a commitment to desist from targeting American maritime vessels in the Red Sea and the Bab el-Mandeb Strait, thereby ensuring the fundamental principles of freedom of navigation and the uninterrupted flow of international commercial shipping.
