Omani-Jordanian investment company with capital of OMR38.5mn established

Muscat: Oman Investment Authority (OIA) and Jordan's Social Security Investment Fund (SSIF) have signed an agreement to establish an Omani-Jordanian investment company with a capital of RO 38.5 million. This step marks the beginning of a new phase of joint investment cooperation between the two countries and further strengthening their deeply rooted historical ties and growing economic relations.

The company, owned equally by both parties, will focus on investing in a number of vital and promising sectors that serve the economic priorities of both nations—including those outlined in Oman Vision 2040. These sectors encompass telecommunications and information technology, agricultural wealth and food security, medical equipment and pharmaceuticals, energy, mining, tourism and logistics services. This will contribute to enhancing economic diversification, stimulating local markets, and generating added value that supports the growth and integration of companies in both countries.

This strategic partnership extends the OIA's established approach of enhancing the geographic and sectoral diversity of its investment portfolio, which serves as a strategic instrument for asset protection, risk distribution, and the development of investment platforms that ensure sustainable economic returns and continued capital inflows.

Mulham Basheer Al Jarf , Deputy Chairman of Oman Investment Authority for Investment stated that this Omani-Jordanian strategic partnership represents a landmark moment in the trajectory of bilateral relations, translating the directives of the leaderships of both countries into tangible projects that reinforce economic ties. It builds upon a legacy of cooperation, knowledge exchange and investment in promising ventures with sustainable economic and developmental impact, advancing the shared interests of both nations, he pointed out.

He further emphasised that this partnership strengthens the Authority's role in implementing economic diplomacy, deepening collaborative bridges with partners in Arab states, directing investments toward priority sectors and enhancing the geographic and sectoral diversification of the Authority's portfolio.

Dr. Ezz Eddin Kanakrieh, Chairman of Jordan’s Social Security Investment Fund, remarked that this agreement represents a strategic milestone in the cooperation journey between the Fund and Oman Investment Authority, embodying a shared vision grounded in the effective deployment of capital and institutional expertise to develop economically viable investments in priority sectors. The agreement extends the Fund's ongoing approach to expanding its regional and international presence.

The agreement ushers in a new phase of joint investment operations founded on governance and efficiency, following the Authority's previous partnerships with Qatar, Turkiye, China, Uzbekistan, Vietnam, Pakistan, Spain, Azerbaijan, India, Brunei Darussalam, Kazakhstan and Belarus. It further reaffirms Oman Investment Authority's commitment to enhancing the Sultanate of Oman's position as a regional hub for high-value investments and a driver of sustainable economic growth, through the development of long-term partnerships that facilitate knowledge transfer, attract capital, and strengthen the competitiveness of the Omani economy across its various sectors.