Future Fund Oman (FFO) and Templewater, a leading pan-Asia alternative asset manager, have launched the Energy Transition Fund, marking the first dedicated fund in the Sultanate of Oman.

 

The fund aims to accelerate investment in energy transition and advanced manufacturing, delivering healthy financial returns and supporting Oman's long-term economic diversification efforts under Oman Vision 2040.

 

The fund, managed by Templewater, has an initial capital base of $200 million, anchored by a $100 million commitment from FFO and matched with a $100 million commitment from Templewater.

 

This initial capital base serves as a catalyst to unlock further capital and attract high-quality, scalable investment opportunities aligned with Oman Vision 2040.

 

The Fund will focus on high-impact sectors such as clean molecules, energy storage, e-fuels, smart mobility, renewables, and green data centers.

 

Templewater will leverage its global partner network and technical expertise to localize scalable, innovative solutions within Oman, aligning with FFO's mandate to stimulate the national economy, foster strategic investment partnerships, and unlock economic value for the Sultanate and investors.

 

The Fund is structured to generate healthy and sustainable financial returns while contributing to positive climate impact.

 

It aims to co-develop commercially viable energy transition projects with a long-term growth trajectory, scaling as it identifies projects aligned with the Sultanate's climate targets and industrial development goals.

 

Oman has emerged as a frontrunner in global energy transition and a strategic hub for clean energy and advanced manufacturing, offering strong fundamentals for long-term partnerships and capital deployment.

 

Abdulsalam Al Murshidi, President of OIA, affirmed that this partnership represents a key strategic step in positioning the Sultanate of Oman as a regional and global hub for clean and renewable energy solutions. “OIA seeks to attract expertise and global best practices to support Oman’s ambition to become a leading exporter of clean molecules and renewable energy solutions,” he said.

 

Cliff Zhang, Chairman and CEO of Templewater, said: “We are honored to partner with FFO to co-develop flagship energy transition projects and localize cutting-edge technologies. This Fund reflects not only our commitment to investing in solutions that deliver financial returns and climate benefits, but also our confidence in Oman’s supportive forward-looking environment. Templewater will establish a local presence in Muscat to work closely with our partners at FFO and OIA, setting an example for others across the region.” -TradeArabia News Service