HH Sayyid Bilarab Briefed on Future Fund Oman's Startup Support Initiatives

Oman, 22 May, 2024 : HH Sayyid Bilarab bin Haitham Al Said, Honorary President of the "Rising Omani Start-ups Programme," visited the Oman Investment Authority (OIA) to learn about the Future Fund Oman's efforts in promoting small and medium enterprises (SMEs) and startups.

During the visit, HH Sayyid Bilarab observed that Future Fund Oman serves as a reliable investment partner for SMEs and startups, allocating 10% of its capital to these firms to enhance their access to non-traditional financing. He noted the fund's contribution to economic diversification, investment partnerships, and attracting investments to targeted sectors in Oman.

HH Sayyid Bilarab also received a briefing on OIA's business tasks and investment activities in 2023, highlighting its role in fostering economic development and integration across sectors to achieve financial sustainability.

Source : www.omannews.gov.om