Oman and Jordan have established a jointly owned investment company capitalised at $100 million, deepening one of the Gulf’s most active sovereign investment networks and giving both economies a shared vehicle to channel capital into priority sectors. The agreement, signed on 8 July 2026, brings together the Oman Investment Authority (OIA) and Jordan’s Social Security Investment Fund (SSIF) on an equal-ownership basis.
The new entity, named the Jordan Oman Investment Company, will be funded with roughly OMR 38.5 million ($100 million) split 50-50 between the two state-backed funds. Its mandate is broad by design: the company will pursue opportunities across communications and information technology, agriculture and food industries, pharmaceuticals and medical equipment, energy, mining, tourism and logistics.
What was signed
The partnership was formalised by senior leadership on both sides. H.E. Abdulsalam Al Murshidi, President of the Oman Investment Authority, oversaw the Omani side, with Mulham Basheer Al Jarf, OIA’s Deputy President for Investment, and Dr Ezzeddine Kanakrieh, Chief Executive Officer of Jordan’s SSIF, formalising the deal.
“The Omani-Jordanian strategic partnership represents a significant milestone in the longstanding relations between Oman and Jordan,” Al Jarf said. Dr Kanakrieh framed the tie-up in commercial terms, describing it as reflecting “a shared vision of deploying capital and institutional expertise to build economically viable investments.”
Both funds stressed that the company’s investments would align with the economic priorities of the two countries and with Oman Vision 2040, the diversification blueprint steering the Sultanate away from oil dependence and toward manufacturing, tourism, logistics and technology.
Part of a wider OIA playbook
The Jordan deal is not a one-off. It extends a fast-growing web of bilateral investment platforms that the Oman Investment Authority has built with governments and state funds around the world. OIA already operates joint investment vehicles with Qatar, Turkiye, China, Uzbekistan, Vietnam, Pakistan, Spain, Azerbaijan, India, Brunei Darussalam, Kazakhstan and Belarus.
These paired structures allow OIA to co-invest alongside a local partner that understands its home market, spreading risk while opening doors to deals that a foreign fund acting alone would struggle to access. For Jordan, the arrangement channels Gulf capital and the institutional discipline of one of the region’s better-performing sovereign investors into sectors the kingdom has prioritised for growth.
OIA’s appetite for these partnerships comes off the back of a standout year. The fund reported approximately $7.8 billion in profit and a 14.6 percent return on investment for 2025 — its strongest annual performance to date. It manages roughly $60 billion in assets and, by the fund’s own account, was ranked third globally among sovereign wealth funds for return on investment and first for public-market returns last year. That performance places OIA firmly within the club of large Gulf state investors reshaping capital flows across the region and beyond, a group whose combined heft now features prominently in analyses of Gulf sovereign wealth funds and their expanding global footprint.
Why it matters
For Oman, cross-border vehicles like the Jordan company serve a dual purpose. They generate returns to strengthen the state balance sheet, and they build the international relationships and deal pipelines that support domestic diversification at home. OIA attracted around $4.1 billion in foreign direct investment during 2025 and completed 24 divestments that generated more than $7.3 billion for reinvestment — capital that increasingly flows toward the priority industries at the heart of the country’s long-term plan.
That reinvestment is visible domestically through Future Fund Oman, the OMR 2 billion vehicle OIA established in early 2024 to crowd private and foreign money into local projects. By the end of 2025 the Future Fund had approved 186 projects with an estimated total value of around OMR 1.7 billion, spanning renewable energy, industry, technology, healthcare, tourism and food security. The same sector priorities that guide the new Jordan partnership run through the domestic program, underscoring how tightly OIA is knitting its external deals to Oman Vision 2040’s investment and diversification agenda.
The bigger picture
The $100 million commitment is modest against OIA’s overall balance sheet, but the strategic signal is larger than the headline number. Gulf sovereign funds have spent recent years shifting from passive portfolio investors toward active builders of cross-border platforms, using joint companies to seed sectors, secure supply chains and cultivate long-term partners. The Jordan Oman Investment Company fits squarely into that pattern.
- Capital: $100 million (OMR 38.5 million), owned 50-50 by OIA and Jordan’s SSIF.
- Focus sectors: ICT, agriculture and food, pharmaceuticals, energy, mining, tourism and logistics.
- Signed: 8 July 2026, aligned with Oman Vision 2040 priorities.
- Context: OIA’s latest addition to a network of joint platforms spanning 13-plus countries.
For businesses and investors watching the Gulf, the message is consistent: Oman intends to keep exporting its investment model as aggressively as it courts capital at home. Each new bilateral vehicle widens the pipeline of deals flowing into and out of the Sultanate — and reinforces OIA’s positioning as one of the more outward-facing sovereign investors in the GCC.
