Oman’s SWF in early agreement with Algeria to establish investment fund

The Oman Investment Authority signed a preliminary agreement with Algeria’s Finance Ministry to establish an investment fund worth 115 million Omani riyals ($298.79 million).

The fund, announced by the sultanate’s sovereign wealth fund, will focus on mining, food security and pharmaceutical industries, according to a statement by the OIA.

The agreement was signed on the sidelines of an official visit by Oman’s Sultan Haitham bin Tariq Al-Said to the North African country.

Read the original article in Arab News: Oman sovereign wealth authority in preliminary pact with Algeria for investment fund