Oman Investment Authority Signs Multi-Billion-Dollar Investment Package with Chinese Partners

During the state visit of Sultan Haitham bin Tarik to China, the Oman Investment Authority (OIA) concluded its largest-ever single-day package of investment agreements with Chinese institutions and companies. The multi-billion-dollar package marks an evolution in bilateral economic ties toward joint investments, technology transfer, and localized industrial projects, with the majority of capital designated for deployment in Oman.

Financial commitments include an $800 million joint fund established between OIA and China's Silk Road Fund, as well as a $300 million fund with China Merchants Bank. Additional partnerships totaling $735 million were formed with IDG Capital, Templewater, and EW Partners to focus on clean energy, digital technology, utilities, and smart manufacturing.

In energy and heavy industry, Nama Holding and State Grid International Development agreed to collaborate on an estimated $1 billion battery energy storage project with 1 gigawatt of capacity. Meanwhile, O-Green and Shanghai Electric Wind Power Group partnered on wind-energy development—including an R&D center and turbine testing site in Duqm—and green ammonia, while a $100 million solar deal will integrate solar development with inverter manufacturing.

In logistics and mining, state logistics provider Asyad Group partnered with JD.com to establish logistics facilities across Muscat Airport Free Zone, Khazaen Economic City, and Sohar Free Zone to connect Oman to GCC and East African trade routes. In mining, Minerals Development Oman awarded Hongda International a $418.7 million, 10-year contract for the Mazoon Copper and Gold Project.

Technology initiatives include Omantel deploying Ascend neural processing units and high-performance computing infrastructure, as well as an MoU on government digital transformation. A dedicated space programme will train 1,000 Omani specialists, sponsor 30 postgraduate researchers in China, create a joint space AI lab, and deploy seven satellites under a Space Silk Road initiative.