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FINANCIAL NEWS
Oman, Japan join forces to start USD400m fund
27 Oct 2015
(MENAFN) The latest reports show that Oman has collaborated with Japanese institutions to initiate a dual USD400 million fund that will invest in food and agribusiness industries.
Nearly 35 percent of the fund will be spent in Oman, but it will facilitate investment in GCC states by Japanese food and agribusiness firms, ranging from grains and feed to vegetables.
The Gulf Japan Food Fund will be owned 37.5 percent by Oman’s State General Reserve Fund, while the state-run Oman National Investments Development Company will hold 12.5 percent.
In more detail, The Sultanate is working hard and seeking opportunities to diversify its economy beyond oil, utilizing state funds in global ventures that steer investment back to Oman.
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