Oman Investment Authority (OIA) $5.2 Billion Future Fund Oman (FFO) & Alternative Asset Manager Templewater Launch $200 Million Energy Transition Fund to Invest in High-impact Sectors Including Clean Molecules, Energy Storage, e-Fuels, Smart Mobility, Renewables & Green Data Centres
10th July | Hong Kong
Oman Investment Authority (OIA) $5.2 billion Future Fund Oman (FFO) & alternative asset manager Templewater have announced the launch of the $200 million Energy Transition Fund to invest in high-impact sectors including clean molecules, energy storage, e-fuels, smart mobility, renewables & green data centres. Announcement (9/7/25): “Future Fund Oman (FFO), an Oman Investment Authority (OIA) Fund and Templewater, a leading pan-Asia alternative asset manager announced today the launch of the Energy Transition Fund (“the Fund”). This marks the first dedicated fund of its kind in the Sultanate of Oman, designed to accelerate investment in energy transition and advanced manufacturing in the country, delivering healthy financial returns and further the Sultanate’s long-term economic diversification efforts under Oman Vision 2040. The Fund, managed by Templewater, launches with an initial capital base of US$200 million, anchored by a US$100 million commitment from FFO, and matched with a US$100 million commitment from Templewater. This initial capital base serves as a catalyst to unlock further capital and attract high-quality, scalable investment opportunities aligned with Oman Vision 2040. The partnership has capacity within its extended network to support larger deal sizes, ensuring flexibility and responsiveness to the most compelling opportunities. The Fund also reinforces OIA’s strategic role in embedding national economic priorities within international investments, while leveraging global partnerships to attract foreign direct investment, advanced expertise, and technology into key sectors of the Omani economy. The Fund will focus on high-impact sectors including clean molecules, energy storage, e-fuels, smart mobility, renewables, and green data centers. Templewater will leverage its global partner network and technical expertise to localise scalable, innovative solutions within Oman – aligned with FFO’s mandate to stimulate the national economy, foster strategic investment partnerships, and unlock economic value for the Sultanate and investors. This initiative reflects OIA’s value as a long-term investment partner, adding strategic insight, de-risking capabilities, and deep regional access to unlock institutional-grade opportunities. The Fund also contributes to Oman’s ambition to position itself as a clean energy hub and a destination for future- focused global capital. The Fund has been structured to generate healthy and sustainable financial returns while contributing to positive climate impact. Built as a platform to mobilize further investment, the Fund aims to co-develop commercially viable energy transition projects. With a long-term growth trajectory, it will scale as it identifies projects aligned with the Sultanate’s climate targets and industrial development goal … … Oman has emerged as a frontrunner in global energy transition and as a strategic hub for clean energy and advanced manufacturing, underpinned by landmark export deals with major international players. With a stable investment climate, pro-business regulatory framework, and a strategic location at the crossroads of global trade, the Sultanate offers strong fundamentals for long term partnerships and capital deployment. This launch builds on Templewater’s successful track record in energy transition and decarbonization. As a specialist investor driving the future of energy and industry across Asia, Templewater draws on its strong heritage in green technology and manufacturing, integrating deep industrial know-how with global financial, professional services, and technical expertise. The Fund provides a governance-ready, de-risked platform for investors seeking exposure to Oman’s energy transition. Templewater and FFO will continue to identify and co-develop high-growth commercial opportunities aligned with the Sultanate’s national vision and net-zero roadmap.” In 2025 May, the Oman Investment Authority (OIA) & Vietnam State Capital Investment Corporation (SCIC) launched the new Vietnam New Era Growth Fund with $200 million capital investing in sustainable long-term growth investments in priority sectors including digital infrastructure & telecommunications technology, minerals & metallurgy, finance & state enterprise equitization and agriculture. Vietnam & Oman government are also planning to increase the Vietnam-Oman Investment Joint Stock Company (VOI) to $1 billion, launched in 2008 investing in infrastructure, energy, industry, finance, education, healthcare & real estate. Vietnam-Oman Investment Joint Stock Company (VOI) was launched with initial $100 million commitment, and had deployed $384 million. Vietnam GDP at $476 billion with 101 million population. Oman GDP at $104 billion with 5.2 million population. In 2024 March, Oman Investment Authority launched a new Future Fund Oman with $5.2 billion AUM (Assets under Management) to grow economy & attract international investors with around $1 billion to be deployed yearly over next 5 years, of which 90% is allocated for new & existing large-scale projects in Oman, 7% to fund SMEs and 3% to invest in startups. The Future Fund Oman will partner investment with private sectors, businesses, foreign investors, SMEs & startups, with special focus on 8 sectors – tourism, manufacturing, green energy, fisheries, agriculture, ports & logistics, mining, information & communication technologies.
“ Oman Investment Authority (OIA) $5.2 Billion Future Fund Oman (FFO) & Alternative Asset Manager Templewater Launch $200 Million Energy Transition Fund to Invest in High-impact Sectors Including Clean Molecules, Energy Storage, e-Fuels, Smart Mobility, Renewables & Green Data Centres “
His Excellency Abdulsalam Al Murshidi, President of OIA: “OIA seeks to attract expertise and global best practices to support Oman’s ambition to become a leading exporter of clean molecules and renewable energy solutions.”
Cliff Zhang, Chairman and CEO of Templewater: “We are honored to partner with FFO to co-develop flagship energy transition projects and localize cutting-edge technologies. This Fund reflects not only our commitment to investing in solutions that deliver financial returns and climate benefits, but also our confidence in Oman’s supportive forward-looking environment. Templewater will establish a local presence in Muscat to work closely with our partners at FFO and OIA, setting an example for others across the region.”
Oman Investment Authority – Oman Investment Authority (OIA) is the investment arm of the Sultanate of Oman. It is mandated with managing, investing, and growing the Sultanate’s assets locally and internationally. Its investment funds geographically diverse, with investments on every continent, and cover a wide range of sectors, including food and fisheries, energy, logistics, Information and Communication Technology (ICT), public services, financial and investment services, tourism, mining, manufacturing, and aviation. It plays a key role in driving sustainable economic development and achieving Oman’s vision of becoming a more attractive investment destination.
Templewater – Templewater is an Asia based alternative asset manager founded in 2018. Templewater provides its investors, which include global institutions, family offices and high-net-worth individuals, with two (2) core pan-Asia focused investment strategies: (a) private equity focusing mid-market buyout, and (b) decarbonization and energy transition growth equity investments. Templewater’s mission is to provide financial and human capital, operational expertise, corporate governance framework, and integrity to build leading businesses.
Oman Investment Authority Launches $5.2 Billion Future Fund Oman to Grow Economy & Attract International Investors, Around $1 Billion to be Deployed Yearly Over Next 5 Years, 90% Allocated for New & Existing Large-Scale Projects in Oman, 7% to Fund SMEs & 3% to Invest in Startups, To Partner Investment with Private Sectors, Businesses, Foreign Investors, SMEs & Startups, Special Focus on 8 Sectors Tourism, Manufacturing, Green Energy, Fisheries, Agriculture, Ports & Logistics, Mining, Information & Communication Technologies
30th March 2024 – Oman Investment Authority has launched a new Future Fund Oman with $5.2 billion AUM (Assets under Management) to grow economy & attract international investors with around $1 billion to be deployed yearly over next 5 years, of which 90% is allocated for new & existing large-scale projects in Oman, 7% to fund SMEs and 3% to invest in startups. The Future Fund Oman will partner investment with private sectors, businesses, foreign investors, SMEs & startups, with special focus on 8 sectors – tourism, manufacturing, green energy, fisheries, agriculture, ports & logistics, mining, information & communication technologies. Announcement (28/3/24): “In line with the national directive to boost Oman’s economic development and attract international investors, Oman Investment Authority (OIA) has launched the ‘Future Fund Oman’ with a robust capital of $5.2 billion. Designated for deployment over the next five years at a rate of approximately $1 billion annually, the Fund will allocate 90% of its capital to investing directly in commercially and economically viable new or existing large-scale projects located in Oman. The Fund will also allocate 7% of its capital towards funding support small and medium-sized enterprises (SMEs), and the remaining 3% is set to be invested in startups. Future Fund Oman is designed to partner with a diverse array of investor categories, including private sector entities, business proprietors, foreign investors, SMEs, and startups. The Fund will be looking to invest in a variety of sectors, with a special focus on eight critical sectors which are tourism, manufacturing, green energy, fisheries, agriculture, ports and logistics, mining, and information and communication technologies. This focus is intended to rejuvenate these vital sectors and contribute significantly to Oman’s broader economic objectives. In realization of its role to diversify the economy, the Fund will not be looking to invest in any oil and gas and real estate projects. H.E. Abdulsalam Al Murshidi, OIA’s President, highlighted that the Fund acts as a catalyst for economic diversification and is a reliable partner for investors worldwide. Additionally, it has a strategic focus on empowering the private sector, attracting FDI, empowering SMEs, and fostering venture capital. Interested investors can apply directly on https://futurefund.om/futurefund/ for easy access to financing information. Create an account, answer questions, and submit the Investment Opportunity Form for consideration. Application review may take up to three months with regular updates on status. Required documents vary based on project phase and nature. The Fund will adhere to OIA’s quality standards, which have already positioned the Authority in second place globally in the Governance and Sustainability Development Index between 2022 and 2023. Governed by an Investment Committee and an Advisory Committee, the Fund ensures strategic alignment with broader economic objectives while overseeing investment decisions.”
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