Oman, Jordan agree to establish $100m joint investment company

Oman and Jordan to launch 38.5m OMR ($100m) joint investment company targeting strategic sectors

Oman and Jordan have agreed to establish a 38.5 million Omani rial (approximately $100 million) joint investment company that will channel equal capital from the Oman Investment Authority (OIA) and Jordan’s Social Security Investment Fund (SSIF) into strategic sectors including energy, mining, technology and pharmaceuticals. The vehicle will also target telecommunications, food security and medical equipment as both countries pursue economic diversification and deeper bilateral economic cooperation.

“The initiative is expected to support economic diversification, stimulate domestic markets, and create added value by fostering the growth and integration of businesses in both countries,” the Oman News Agency reported, describing the partnership as part of OIA’s efforts to diversify its investment portfolio across geographies and sectors.

Mulham bin Basheer Al-Jarf, deputy president for investment at the Oman Investment Authority, characterised the agreement as “a significant milestone in Omani-Jordanian relations,” saying it translates the leadership’s shared vision into projects that strengthen economic cooperation. He noted the partnership builds on a long history of collaboration and knowledge exchange while supporting investments that generate sustainable economic and development benefits for both countries.

Ezzedine Kanakrieh, chairman of SSIF, framed the pact as a strategic move for the Jordanian fund, stressing institutional aims and risk management. “The strategic strategy serves as a tool to safeguard assets, distribute risk, build sustainable investment platforms, and support long-term economic returns and capital flows,” the report quoted Kanakrieh as saying.

Details and context

• The new company will be jointly owned by OIA and SSIF and is structured to invest equally across targeted high-growth sectors.
• Sectors named for investment include energy, mining, technology, pharmaceuticals, telecommunications, food security and medical equipment — areas aligned with both countries’ agendas to broaden non-oil economic activity.
• The deal follows regional and international investment accords OIA has forged with a range of partners, including Qatar, Turkiye, China, Uzbekistan, Vietnam, Pakistan, Spain, Azerbaijan, India, Brunei Darussalam, Kazakhstan and Belarus, underscoring a broader OIA strategy of geographic and sectoral diversification.
• The announcement comes days after the World Bank approved a $700 million loan to Jordan intended to translate macroeconomic stability into stronger private investment and job creation — a context that may increase the strategic importance of new bilateral capital flows.
• The initiative is presented as part of Oman’s Vision 2040 push to attract investment into non-oil sectors, strengthened by World Bank-backed reforms designed to improve the domestic investment climate and expand private-sector participation.

Outlook

Officials described the company as a framework for governed, efficient joint investments that can mobilise institutional capital and expertise to develop commercially viable projects in priority sectors. The arrangement aims to reinforce OIA’s role in economic diplomacy and SSIF’s strategy to expand its regional and international presence, while creating platforms intended to deliver long-term economic returns, distribute risk and foster knowledge transfer between the two countries.