Overview
The launch of the Oman Future Fund in 2024 established a dedicated sovereign savings vehicle designed to preserve hydrocarbon wealth for future generations. The fund receives a portion of oil and gas revenues during periods of fiscal surplus, investing in diversified global and domestic asset classes. The establishment of the fund represents a commitment to intergenerational equity, ensuring that the benefits of current resource extraction extend beyond the hydrocarbon era.
Key Points
The fund operates under an independent governance framework with professional investment management and transparent reporting. Allocation rules define the share of surplus revenues directed to the fund, with withdrawal restrictions protecting long-term capital accumulation. The investment mandate encompasses global equities, fixed income, real estate, infrastructure, and alternative assets. Domestic investment is permitted where it supports strategic diversification objectives. The fund complements the broader Oman Investment Authority portfolio by focusing specifically on intergenerational savings.
Current Status
The fund received its initial capitalisation from fiscal surpluses generated by higher oil prices and fiscal consolidation measures. Governance structures have been established, including an independent board and investment committee. The fund is building its team and establishing investment partnerships with leading global asset managers. Early reporting indicates a diversified allocation strategy that balances growth with capital preservation.
Vision 2040 Context
The Future Fund is a direct expression of Vision 2040’s commitment to sustainability and intergenerational fairness. By saving a portion of today’s resource revenues, Oman ensures that future citizens inherit financial assets even as hydrocarbon reserves deplete. The fund provides a fiscal buffer against commodity-price shocks and a source of investment returns that can support public services indefinitely.