Oman Signs Record Package of Investment Agreements with Chinese Institutions and Companies

The Oman Investment Authority (OIA) signed its largest-ever package of investment agreements in a single day with Chinese institutions and enterprises on November 13, 2026. Concluded during the state visit of Omani Sultan Haitham bin Tarik to China, the agreements cover renewable energy, mining, logistics, digital technology, space, and financial services, marking an operational shift toward joint investments, technology transfer, and industrial localisation.

Financial pacts include an agreement between OIA and China's Silk Road Fund to establish an $800 million joint investment fund, with the majority of capital directed toward Oman. OIA also signed a deal with China Merchants Bank to launch a $300 million fund, alongside partnership agreements with IDG Capital, Templewater, and EW Partners totaling an additional $735 million focused on clean energy, digital technology, smart manufacturing, and utilities. Both nations also noted the execution of a bilateral local currency swap agreement.

In the energy sector, Nama Holding and State Grid International Development agreed to collaborate on battery energy storage projects valued at approximately $1 billion with a capacity of 1 gigawatt. O-Green and Shanghai Electric Wind Power Group partnered on wind energy development, including an R&D centre and turbine testing facility in Duqm, alongside a separate $100 million solar partnership to establish solar inverter manufacturing capabilities in Oman.

Logistics and mining initiatives were also announced, with state-owned logistics provider Asyad Group partnering with JD.com to build logistics facilities at Muscat Airport Free Zone, Khazaen Economic City, and Sohar Free Zone to link GCC and East African markets. Minerals Development Oman awarded Hongda International a $418.7 million, 10-year contract for the Mazoon Copper and Gold Project, while Omantel signed an MoU to deploy Ascend neural processing units and high-performance computing infrastructure.