The investments under this business unit are very strategic and long-term in nature aiming at the development of different sectors in Oman in order for the company to play a role in the diversification of national economy beyond oil. Keeping the strategic aim in mind, the portfolio balances between the risk and return to ensure adequate returns to shareholders.
Diversified Across
Sectors
The Gulf Japan Food Fund is a leading joint strategic initiative between Japan and the GCC. It aims to assist in GCC’s food security plans & related logistics and technologies in this sector, develop Japanese and GCC food & agribusiness sectors and generate long term capital appreciation. The Fund will coordinate joint efforts between leading Japanese and GCC food and agribusiness players through a team of specialized professionals who will be managing the Fund’s operations, providing needed expertise in this sector, in addition to managing related investments.
Nakheel Oman Development Company (Nakheel), a state-owned entity, is committed to fostering a sustainable future through strategic investments in date palm and other strategic crops cultivation, healthy food production, and sustainable agriculture practices.With a focus on producing better food for a better world, Nakheel aims to drive positive change in Oman's agriculture sector, contributing to enhanced food security, increased self-sufficiency and environmental sustainability.Through its dedication to innovation and responsible practices, Nakheel is poised to play a pivotal role in shaping a healthier and more prosperous future for Oman and beyond.
Al Namaa Poultry Company aims to procure, manufacture and sale of poultry products. The company is expected to produce 60,000 metric tons of poultry meat by 2020 using its state of the art latest technology and equipment.The project, combined with existing producers, will drive the self-sufficiency of Oman in the poultry sector from the current 36% to an estimated 70 % in 2030.
In May 2017, Oman National Investments Development Company (TANMIA) acquired a 32% stake in Awasr which is Oman's first and only specialized broadband internet service provider. Awasr began its operations in 2016 and has experienced significant growth and demand from internet users as the country's infrastructure moves from ADSL to fibre optic based internet. Our investment in Awasr aims to support the growth of the company and its products.
Innovation Technical Solutions (Innovateq) was incorporated in cooperation with Petroleum Development Oman (PDO) to commercialize one of its innovative products in the Digital Oil Field space (Nibras). Innovateq is owned by Oman National Investments Development Company (TANMIA) and Innovation Development Oman (IDO). The Company’s vision is to expand and provide its products and services to the local and international oil & gas producers.
Al Mouj Muscat is a thriving, freehold title waterfront community spread along a 6 km stretch of coast in Muscat. Al Mouj Muscat offers outstanding lifestyle and leisure experiences that comprises residential properties interspersed with green spaces, pedestrian walkways, and inland waterways, exciting retail and dining facilities and Oman’s only signature PGA Standard 18 hole links golf course. A centerpiece of the development is Al Mouj Marina, a premier marina facility and flagship yachting and sailing destination. Al Mouj Muscat is also home to a number of luxurious hotels managed by internationally-renowned hospitality brands, including Kempinski Hotel Muscat.
Omani Hospitality Company was established in 2012 as a SPV to develop a five-star luxurious hotel at Al Mouj on a waterfront covering a space of 45,000sq m. The hotel is operated by international hotel chain Kempinski Hotels S.A, which manages and operates currently 75 hotels in 30 countries. The hotel will offer 310 rooms and 77 hotel apartments. The hotel will also include food and beverage outlets, spacious meeting facilities, swimming pools, a star spa, beach club, gymnasium, ballroom, kids club, and bowling facility.
Minerals Development Oman SAOC (MDO) is formed in 2017 as a joint venture TANMIA, State General Reserve Fund, Oman Investment Fund, and Takamul Investment Company. MDO is created for the purpose of contributing to the development of the Omani mining sector by investing directly in or enabling various projects across a range of mineral commodities and value chains.
Sanvira Carbon (FZC) LLC is a joint venture between TANMIA, Sanvira Industries Limited and United Business Trading LLC to establish a petroleum coke calcining facility in the Sohar Free Zone. The project will have the capacity to produce up to 500,000 MT per year of Calcined Petroleum Coke in the first phase which will be catered to the aluminum industry and other metals in Oman and the region.
Sun Packaging Company, established in 1997, is one of the largest flexible packaging companies in the Middle East. Since TANMIA acquired a stake in SPC during 2011, the company expanded its operation by installing a new facility in Mauritius and adding new equipment on a regular basis to widen the product range for its customers including investing in a woven sacks production unit.
Opal Marketing Industry is the Master Franchisor of Precision Tune Auto Care (PTAC) in Oman since 1995. Currently, OPAL is among the largest automotive services providers in Oman after the dealers. It operates throughout the Sultanate through company-owned centers & sub-franchisee centers. OPAL also operates other business lines such as 'Solar guard' for window tinting, 'BG' for Equipment and Chemicals and 'Royal Blinds' for quality blinds and shades.
Salam Air is Oman’s first budget airline. It is a joint venture between Oman National Investments Development Company (TANMIA) and various other investors. Salam Air was formed to meet Oman’s rapidly growing demand for air traffic and is expected to boost inbound tourism and advance the aviation sector in the Sultanate.