Oman Investment Fund

AAA

DEFINITION of 'Oman Investment Fund'

A state-owned investment fund established in 2006 by the Sultan. Oman Investment Fund's (OIF) stated goals as a sovereign wealth fund are to enhance the country's economic development by investing globally in real estate and in public and private equity. Some of OIF's largest investments include Ireland's Jurys Inns Hotels, the United Arab Emirates' Dubai Mercantile Exchange, and India's Quippo Infrastructure Equipment, Nimbus Communications and Housing Development Finance Corporation.

INVESTOPEDIA EXPLAINS 'Oman Investment Fund'

Although its economy is heavily dependent on oil, its declining reserves are forcing it to diversify. It is a member of the Gulf Co-Operation Council, a political, economic, social and regional organization of six Persian Gulf member countries: Bahrain, Qatar, Kuwait, Oman, Saudi Arabia and the United Arab Emirates.



RELATED TERMS
  1. State General Reserve Fund

    A sovereign wealth fund established in 1980 by the Sultanate ...
  2. OMR (Oman Rial)

    The currency abbreviation or currency symbol for the Oman rial ...
  3. Oil Reserves

    An estimate of the amount of crude oil located in a particular ...
  4. Enhanced Oil Recovery - EOR

    Enhanced oil recovery (EOR) is the process of obtaining stranded ...
  5. Organization Of Petroleum Exporting ...

    An organization consisting of the world's major oil-exporting ...
  6. Sovereign Wealth Fund - SWF

    Pools of money derived from a country's reserves, which are set ...
Related Articles
  1. Sovereign Wealth Funds - Friend Or Foe?
    Investing Basics

    Sovereign Wealth Funds - Friend Or Foe?

  2. An Introduction To Sovereign Wealth ...
    Mutual Funds & ETFs

    An Introduction To Sovereign Wealth ...

  3. Investing In Emerging Market Debt
    Personal Finance

    Investing In Emerging Market Debt

  4. Can Investors Trust Official Statistics?
    Economics

    Can Investors Trust Official Statistics?

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center