Future Fund Oman (FFO), an Oman Investment Authority (OIA) Fund, and China-based alternative asset manager Templewater announced today the launch of the Energy Transition Fund.
The Energy Transition Fund, managed by Templewater, launched with 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 marks the first dedicated fund of its kind in Oman, designed to accelerate investment in energy transition and advanced manufacturing in the country, delivering healthy financial returns and furthering the Sultanate’s long-term economic diversification efforts under Oman Vision 2040.
Oman to become global hub for clean energy
The fund’s initial capital base serves as a catalyst to unlock further capital and attract high-quality, scalable investment opportunities aligned with Oman Vision 2040. The partnership has capacity within its extended network to support larger deal sizes, ensuring flexibility and responsiveness to the most compelling opportunities.
The fund also reinforces OIA’s strategic role in embedding national economic priorities within international investments, while leveraging global partnerships to attract foreign direct investment, advanced expertise, and technology into key sectors of the Omani economy.
His Excellency Abdulsalam Al Murshidi, president of OIA, affirmed that this partnership represents a key strategic step in positioning 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.
Fund to invest in high-impact sectors
Oman’s Energy Transition Fund will focus on high-impact sectors including 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, aligned with FFO’s mandate to stimulate the national economy, foster strategic investment partnerships and unlock economic value for the Sultanate and investors.
This initiative also reflects OIA’s value as a long-term investment partner, adding strategic insight, de-risking capabilities and deep regional access to unlock institutional-grade opportunities. The Energy Transition Fund also contributes to Oman’s ambition to position itself as a clean energy hub and a destination for future-focused global capital.
“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,” said Cliff Zhang, chairman and CEO of Templewater.
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Fund to co-develop energy transition projects
The fund has been structured to generate healthy and sustainable financial returns while contributing to a positive climate impact. Built as a platform to mobilize further investment, the Energy Transition Fund aims to co-develop commercially viable energy transition projects. With a long-term growth trajectory, it will scale as it identifies projects aligned with Oman’s climate targets and industrial development goals.
The Fund also provides a governance-ready, de-risked platform for investors seeking exposure to Oman’s energy transition. Templewater and FFO will continue to identify and co-develop high-growth commercial opportunities aligned with the Sultanate’s national vision and net-zero roadmap.
