Muscat – Oman Investment Authority (OIA) and Jordan’s Social Security Investment Fund (SSIF) have launched a US$100mn joint investment company to finance projects in strategic sectors, marking a new phase in economic cooperation between the two countries.

The two sovereign investment institutions will each hold a 50% stake in the newly established Jordan Oman Investment Company, which will invest in sectors aligned with the economic priorities of both countries and Vision 2040.

The investment platform will focus on communications and information technology, agriculture and food industries, medical equipment and pharmaceuticals, energy, mining, tourism and logistics.

The partnership is part of OIA’s strategy to diversify its international investment portfolio across sectors and geographies while strengthening its role in advancing Oman’s economic diplomacy.

Mulham Basheer Al Jarf, Deputy President for Investment at OIA, said the agreement reflects the strong ties between Oman and Jordan and translates the shared vision of both countries’ leadership into long-term investment projects.

“The Omani-Jordanian strategic partnership represents a significant milestone in the longstanding relations between Oman and Jordan. It builds on a legacy of cooperation, exchange of expertise and investment in projects that generate sustainable economic and developmental impact while serving the common interests of both countries,” he said.

Al Jarf added that the partnership reinforces OIA’s role in implementing economic diplomacy by directing investments towards priority sectors while enhancing the geographical and sectoral diversification of its global portfolio.

On the Jordanian side, Dr Ezzeddine Kanakrieh, CEO of SSIF, described the agreement as a strategic step in expanding cooperation between the two sovereign investment institutions.

“The agreement reflects a shared vision of deploying capital and institutional expertise to build economically viable investments in priority sectors. It also supports SSIF’s strategy of expanding its regional and international investment presence,” he said.

The agreement further expands OIA’s network of strategic international partnerships, which already includes joint investment platforms with Qatar, Türkiye, China, Uzbekistan, Vietnam, Pakistan, Spain, Azerbaijan, India, Brunei Darussalam, Kazakhstan and Belarus.

OIA stated that such partnerships are part of its long-term strategy to position Oman as a regional hub for high-quality investments by attracting capital, facilitating knowledge transfer and supporting sustainable economic growth.