From Dealroom · · 50s
Oman's Wealth Fund Backs $800M Silk Road Fund
Oman's sovereign fund partners with China's Silk Road Fund for $800 million joint investment in economic diversification.
In brief
Oman's sovereign fund partners with China's Silk Road Fund for $800 million joint investment in economic diversification. Oman's wealth fund signed a $800 million joint investment deal with China's Silk Road Fund to boost local industry under Vision 2040. Originally reported by Dealroom.
New Investment Deal
Oman's Investment Authority signed a preliminary term sheet with China's Silk Road Fund for an $800 million joint investment fund.
Economic Shift
The deals aim to shift Oman from trade to joint investment under Vision 2040 to diversify its economy.
Key Projects
Projects include a $100 million solar factory, $1 billion battery storage, and $418.7 million mining services contract.
Future Commitments
Oman also agreed to $300 million with China Merchants Bank and $200 million with IDG Capital and Templewater.
The one thing
Oman's wealth fund signed a $800 million joint investment deal with China's Silk Road Fund to boost local industry under Vision 2040.
