Oman launches USD 200-million energy transition investment fund

MUSCAT, July 10, 2025 – Oman Investment Authority (OIA) has unveiled the sultanate’s first dedicated energy transition fund through a 50-50 joint venture between Future Fund Oman and China-based Templewater, the authority announced on Tuesday.

The fund will have an initial capital commitment of USD 200 million, to be invested in clean molecules, solar and wind energy, smart mobility, energy storage, green data centres and energy efficiency solutions, all located within Oman and aligned with the goals of Oman Vision 2040. In addition to investment, the fund will support training, capacity building, R&D and the transfer of global best practices to boost the local innovation ecosystem and ensure sustainability.

The platform aims to attract additional institutional capital from both local and international partners, supporting commercially viable energy transition projects in collaboration with public and private stakeholders.

“OIA seeks to attract expertise and global best practices to support Oman’s ambition to become a leading exporter of clean molecules and renewable energy solutions,” OIA president Abdulsalam Al Murshidi said.

Templewater chairman and CEO Cliff Zhang said, “This fund reflects our commitment to investing in solutions that not only deliver measurable climate benefits and robust returns but also enhance energy security and investor confidence.”

Templewater will use its global network and technical capabilities to localise scalable innovations, in line with the Future Fund Oman’s mandate to stimulate national growth and drive strategic partnerships that unlock long-term value.

The launch builds on a series of initiatives by Future Fund Oman, which was established in early 2024 with a total capital base of USD 5.2 billion, 90% of which is allocated to strategic national projects and 10% to support SMEs and startups.

Photo courtesy of Oman Investment Authority

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