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Reuters
Oman’s sovereign wealth fund is planning to start a $1 billion infrastructure fund to boost investment in projects including the Gulf state’s road, transport and energy systems,
according to people familiar with the matter.
The State General Reserve Fund is talking to international banks and potential investors for the financing, the people said, asking not to be identified because the information is private. The projects in which the funds will be deployed have not been finalised, they said. Repeated calls to the fund’s offices in Muscat and the Ministry of Finance weren’t answered, while an email sent to an address on the fund’s website bounced back. The country is turning to public-private partnerships to plug gaps in its infrastructure program, which is being hindered by tighter government finances.