JEDDAH: Oman has launched the Oman Real Estate Development Fund, a new investment vehicle that aims to channel at least 96 million Omani rials ($249.4 million) into property development projects across the Sultanate.
The initiative is a partnership between Oman National Investments Development Co., known as TANMIA, and FIM Partners Muscat, the Oman-based subsidiary of FIM Partners, an independent investment management firm specializing in emerging and frontier markets.
The launch comes as Oman accelerates efforts to diversify its economy under Oman Vision 2040, with rising infrastructure investment, tourism growth and regulatory reforms supporting increased demand for residential, commercial, hospitality and mixed-use developments.
The body will invest in economically viable real estate projects across Oman through financing instruments including preferred equity and similar investment structures, according to Oman News Agency, or ONA.
“The fund aims to attract long-term institutional capital and provide developers with innovative financing solutions, backed by robust governance standards, investment discipline, and project oversight to help accelerate project execution and generate sustainable value,” ONA reported.
