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Story summary
- The Oman Investment Authority (OIA) launched the Energy Transition Fund with Templewater to boost clean energy investments and collaboration with China.
- The fund has an initial capital of RO77 million, targeting five to ten projects over ten years in clean electricity, fuels, and energy storage.
- A Memorandum of Understanding was signed to enhance bilateral investment between China Asset Management Co and Omani financial institutions.
- This initiative supports Oman’s Vision 2040, focusing on economic diversification and achieving net-zero emissions by 2050.
- Templewater's new Muscat office will aid in project management and knowledge transfer in the clean energy sector.
