Muscat – A RO96mn real estate investment fund has been launched to support property development projects across the sultanate and accelerate the growth of one of the country’s key non-oil sectors.

The establishment of the Oman Real Estate Development Fund was announced on Wednesday through a partnership between Oman National Investments Development Company (Tanmia)andFIM Partners Muscat.

The fund will invest at least RO96mn in domestic real estate development projects, focusing on economically viable ventures across the sultanate. It will utilise a range of investment instruments, including preference shares and similar financing vehicles, to provide capital support to developers.

The initiative aims to attract long-term institutional investment and introduce innovative financing solutions to the real estate market. The fund will operate under high standards of governance, investment discipline and project oversight to ensure efficient project execution and sustainable value creation.

The launch comes at a time when Oman’s real estate sector is witnessing rapid growth, driven by the implementation of Vision 2040, the sultanate’s economic diversification agenda, and rising investments in infrastructure and urban development.

Demand for residential, commercial, hospitality and mixed-use developments has also been increasing, creating new opportunities for developers and investors.

The fund is expected to play a significant role in bridging financing gaps in the sector, supporting the delivery of strategically important projects and reinforcing the real estate industry’s contribution to economic growth and investment diversification in Oman.