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Women, children’s hospitals to come up in Muscat, Sohar

11 Mar 2020

Oman Investment Corporation (OIC), a leading Omani private equity investment company, has announced the successful fundraising for its first private equity investment vehicle, Aman Healthcare Services. 

In the first phase, Aman Healthcare will develop two specialised women and children’s hospitals in Muscat and Sohar, said Kalat al Balushi, chief executive officer at OIC. 

OIC’s latest product attracted strong demand from the private sector and pension funds. The first closing of Aman Healthcare of RO20mn was covered in full, reflecting the keen interest and confidence in the healthcare sector in Oman and the growth prospects.  

Balushi said, “We are proud to complete the fundraising for Aman Healthcare. We thank our investors who have shown continuing confidence in us.” 

Aman Healthcare is a RO50mn investment vehicle,  part of OIC’s vision to introduce creative and innovative investment tools to the Omani market. 

He added, “We are close to achieving financial closure for our first hospital in Sohar and expect to start construction in the second quarter of this year while operations will begin in 2022.” 

Balushi affirmed OIC’s commitment to supporting Oman’s Vision 2040 and the focus on the private sector to drive the economy, create jobs, and work hand-in-hand with the government via Public-Private-Partnership projects to grow the national economy.  

Aman Capital, a wholly-owned subsidiary of OIC, will be the investment manager. 

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