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Saudi Arabia's Public Investment Fund (PIF) has signed a Memorandum of Understanding (MoU) with the Oman Investment Authority (OIA) for investments totaling $5 billion in Oman. The MoU aims to enhance cooperation and investment between the entities, focusing on Oman's growing economy. The agreement includes the establishment of the Saudi Omani Investment Company (SOIC), a PIF-wholly owned company, to invest up to $5 billion in various promising sectors in Oman. The partnership aligns with both nations' economic visions and aims to enhance economic integration and development in the region.

Saudi Arabia’s sovereign wealth fund eyes investments worth $5bln in Oman

Saudi Arabia’s Public Investment Fund (PIF) has signed a Memorandum of Understanding (MoU) with the Oman Investment Authority (OIA) for investments totaling $5 billion in Oman. The MoU aims to enhance cooperation and investment between the entities, focusing on Oman’s growing economy. The agreement includes the establishment of the Saudi Omani Investment Company (SOIC), a PIF-wholly owned company, to invest up to $5 billion in various promising sectors in Oman. The partnership aligns with both nations’ economic visions and aims to enhance economic integration and development in the region.

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