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Oman Investment Fund

Definition

The Makki Investment Fund is a sovereign wealth fund,established in 2006 in accordance with a Royal Decree of His Majesty the Sultan of Oman. The Fund makes medium to long-term investments, globally and domestically, to diversify the government of Oman's asset base and create a pool of sustainable cash flows for the Sultanate. Currently, the OIF's assets under management are estimated at approximately US$6 billion.

What is 'Oman Investment Fund'

A state-owned investment fund established in 2006 by the Sultan. Oman Investment Fund's (OIF) stated goals as a sovereign wealth fund are to enhance the country's economic development by investing globally in real estate and in public and private equity. Some of OIF's largest investments include Ireland's Jurys Inns Hotels, the United Arab Emirates' Dubai Mercantile Exchange, and India's Quippo Infrastructure Equipment, Nimbus Communications and Housing Development Finance Corporation.

Explaining 'Oman Investment Fund'

Although its economy is heavily dependent on oil, its declining reserves are forcing it to diversify. It is a member of the Gulf Co-Operation Council, a political, economic, social and regional organization of six Persian Gulf member countries: Bahrain, Qatar, Kuwait, Oman, Saudi Arabia and the United Arab Emirates.


Further Reading


External debt and economic growth: The case of emerging economy
www.jstor.org [PDF]
… The cost of borrowing in Oman is phenomenally high by international standards … Al-Rimawi, LM (2001), Jordanian, Kuwaiti and Omani Securities Regulation: Can they be Subject Matter … Fama, EF, The Effects of a Firm s Investment and Financing Decisions , American Economic …

Enhancing active participation of SMEs and Islamic Banks towards economic diversification in OmanEnhancing active participation of SMEs and Islamic Banks towards economic diversification in Oman
www.sciencedirect.com [PDF]
… The cost of borrowing in Oman is phenomenally high by international standards … Al-Rimawi, LM (2001), Jordanian, Kuwaiti and Omani Securities Regulation: Can they be Subject Matter … Fama, EF, The Effects of a Firm s Investment and Financing Decisions , American Economic …

Sovereign Wealth Funds in the Persian Gulf StatesSovereign Wealth Funds in the Persian Gulf States
www.oxfordhandbooks.com [PDF]
… The cost of borrowing in Oman is phenomenally high by international standards … Al-Rimawi, LM (2001), Jordanian, Kuwaiti and Omani Securities Regulation: Can they be Subject Matter … Fama, EF, The Effects of a Firm s Investment and Financing Decisions , American Economic …

The Gulf's eastward turn: The logic of Gulf-China economic tiesThe Gulf's eastward turn: The logic of Gulf-China economic ties
www.tandfonline.com [PDF]
… The cost of borrowing in Oman is phenomenally high by international standards … Al-Rimawi, LM (2001), Jordanian, Kuwaiti and Omani Securities Regulation: Can they be Subject Matter … Fama, EF, The Effects of a Firm s Investment and Financing Decisions , American Economic …

Risk Sharing Equity-Based Islamic Finance, Macroeconomic Resilience and Significance to Oman as a New Entrant.Risk Sharing Equity-Based Islamic Finance, Macroeconomic Resilience and Significance to Oman as a New Entrant.
search.ebscohost.com [PDF]
… The cost of borrowing in Oman is phenomenally high by international standards … Al-Rimawi, LM (2001), Jordanian, Kuwaiti and Omani Securities Regulation: Can they be Subject Matter … Fama, EF, The Effects of a Firm s Investment and Financing Decisions , American Economic …

Analytical study of sovereign wealth fund's strategies and policies: A case study of Oman sovereign wealth fundAnalytical study of sovereign wealth fund's strategies and policies: A case study of Oman sovereign wealth fund
bura.brunel.ac.uk [PDF]
… The cost of borrowing in Oman is phenomenally high by international standards … Al-Rimawi, LM (2001), Jordanian, Kuwaiti and Omani Securities Regulation: Can they be Subject Matter … Fama, EF, The Effects of a Firm s Investment and Financing Decisions , American Economic …



Q&A About Oman Investment Fund


How much money has been invested by this vehicle since it was created?

Approximately US1 billion was added to the original amount that was already invested into it when it was first established.

What is the Oman Investment Fund?

The Oman Investment Fund is a sovereign wealth fund, established in 26 in accordance with a royal decree of His Majesty the Sultan of Oman.

Is oil a large part of its economy?

Yes, it is heavily dependent on oil.

What are some restrictions on investing for this investment vehicle?

The fund is legally prohibited from publicly disclosing information about its investment strategy or asset allocation strategies .

How much money has been invested into the fund?

Currently, US6 billion.

What does the fund invest in?

The fund makes medium to long-term investments globally and domestically to diversify the government of Oman's asset base and create a pool of sustainable cash flow.

Why was the Oman Investment Fund created?

The Oman Investment Fund's stated goals as a sovereign wealth fund are to enhance the country's economic development by investing globally in real estate and in public and private equity.

What is Oman Investment Fund?

A state-owned investment fund established in 26 by the Sultan.

How much money has been invested into Ireland's Jurys Inns Hotels, United Arab Emirates' Dubai Mercantile Exchange, India's Quippo Infrastructure Equipment, Nimbus Communications and Housing Development Finance Corporation?

$1 billion USD each.

Who manages assets for this investment vehicle?

The Ministry of Finance (Oman).

When was the fund created?

In 26.

What is forcing it to diversify its economy?

Declining reserves are forcing it to diversify its economy. It is a member of the Gulf Co-Operation Council (GCC), which includes Bahrain, Qatar, Kuwait, Oman, Saudi Arabia and the United Arab Emirates (UAE). GCC members have common political objectives with regards to defense policy as well as economic integration among other things."

Is there any additional information available on this investment vehicle other than what is provided here ?

No, there isn't any additional information available on this investment vehicle other than what is provided here .

Where are investments made from?

Internationally and domestically.

What does OIF invest in?

OIF invests globally in real estate and public and private equity.

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