Oman, Jordan agree to establish $100m joint investment company

JEDDAH: Oman and Jordan have agreed to establish a 38.5 million Omani rial ($100 million) joint investment company targeting strategic sectors including energy, mining, technology, and pharmaceuticals as both countries pursue economic diversification. The company, jointly owned by Oman Investment Authority and Jordan’s Social Security Investment Fund, or SSIF, will invest equally across high-growth sectors, also including telecommunications, food security and medical equipment.

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