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.
Oman Investment Fund
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.
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