Oman and Jordan have launched a $100 million joint investment partnership aimed at strengthening economic ties and fostering cooperation between the two countries. The agreement, signed by the Oman Investment Authority (OIA) and the Jordanian Social Security Investment Fund (SSIF), establishes the Jordanian Oman Investment Company with equal capital contributions from both sides, valued at RO 38.5 million (approximately $100 million).
The new investment firm will focus on sectors considered vital and promising for the economic priorities of both nations, including those outlined in Oman Vision 2040. Key sectors targeted include communications and information technology, agriculture and food, medical equipment and medicine, energy, mining, tourism, and logistics services.
This partnership marks the beginning of a new phase in joint investment cooperation that builds upon the longstanding historic ties and growing economic relations between Oman and Jordan. According to Mulham bin Basheer al Jarf, Deputy President of the Oman Investment Authority for Investment, the strategic partnership reflects the directives of the leadership in both countries to advance projects that enhance economic collaboration. He described the initiative as a significant milestone that leverages a legacy of cooperation, investment exchange, and experience sharing focused on sustainable economic and developmental impact.
The partnership aligns with the OIA’s broader strategy to diversify its investment portfolio geographically and sectorally, which it views as essential for safeguarding assets, mitigating risk, and generating sustainable economic returns. Through such collaborations, OIA aims to deepen economic diplomacy, strengthen ties with brotherly countries, and position Oman as a competitive regional hub for quality investments.
Dr. Ezzeddine Kanakrieh, CEO of Jordan’s Social Security Investment Fund, characterized the agreement as a strategic step to combine capital and institutional expertise to build economically viable investments in prioritized sectors. He also noted that the agreement represents an extension of the Fund’s efforts to expand its presence both regionally and internationally.
The formation of the Jordanian Oman Investment Company adds to OIA’s portfolio of partnerships with other countries, including Qatar, Türkiye, China, Uzbekistan, Vietnam, Pakistan, Spain, Azerbaijan, India, Brunei Darussalam, Kazakhstan, and Belarus. Together, these partnerships support Oman’s goal of establishing itself as a sustainable economic center with robust investment platforms that attract capital, facilitate knowledge transfer, and enhance competitiveness across multiple sectors.