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Oman Investment Authority has signed an agreement with the Chinese company "Temple Water," with the participation of the Innovation and Technology Authority in Hong Kong, to fund the "Temple Water for Innovation" fund, which allocates 50% of its size to investing in future sectors within the Sultanate of Oman. The agreement includes a contribution from the Omani Investment Authority amounting to 25% of the fund's capital, aiming to attract modern investments and technologies, promote knowledge transfer, open new markets, and support economic diversification—particularly in fields such as artificial intelligence, biotech, and new energy. The initiative seeks to connect global tech companies with growth opportunities in the Sultanate, achieving an economic impact that goes beyond financial returns by leveraging its investments to create added value and support national innovation and technology.
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