Oman has launched the Oman Real Estate Development Fund, a new investment vehicle that aims to channel at least 96 million Omani rials ($249.4 million) into property development projects across the Sultanate. The initiative is a partnership between Oman National Investments Development Co., known as TANMIA, and FIM Partners Muscat, the Oman-based subsidiary of FIM Partners, an independent investment management firm specializing in emerging and frontier markets.
Driving Economic Diversification Under Vision 2040
The launch comes as Oman accelerates efforts to diversify its economy under Oman Vision 2040, with rising infrastructure investment, tourism growth and regulatory reforms supporting increased demand for residential, commercial, hospitality and mixed-use developments. The body will invest in economically viable real estate projects across Oman through financing instruments including preferred equity and similar investment structures, according to Oman News Agency (ONA).
“The fund aims to attract long-term institutional capital and provide developers with innovative financing solutions, backed by robust governance standards, investment discipline, and project oversight to help accelerate project execution and generate sustainable value,” ONA reported.
Key Players and Strategic Goals
Khalid Awadh Al-Balushi, CEO of TANMIA, said the fund marks another milestone in his company’s strategy to build institutional investment platforms. “We aim to establish a leading investment platform in the local market that provides developers with innovative financing solutions while offering investors a unique opportunity to invest in Oman’s real estate development sector,” he said.
Fares Bou-Atme, head of real estate investments at FIM Partners Muscat, said the Omani market offers strong investment opportunities that can benefit from structured financing solutions, helping developers deliver projects that meet market demand while generating sustainable value.
Market Growth and Investor Confidence
Oman’s real estate sector has been supported by increased infrastructure spending, expanding tourism and logistics activity, and reforms aimed at attracting foreign investment. Property transactions in the sultanate rose 18.4 percent year-on-year to 678 million rials in the first quarter of 2026, reflecting growing investor activity.
The launch expands FIM Partners Muscat’s presence in the Sultanate’s property market. The firm also manages Oman REIT, the country’s first diversified real estate investment trust, which was listed on Muscat Stock Exchange in 2021.
