Company

Oman Investment Fund

Investment risk

Oman.

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Summary

"An Omani sovereign wealth fund has signed an understanding with Iran’s biggest auto maker, Iran Khodro Industrial Group, to study a proposal for a $200 million auto plant in Oman, a fund official said on Wednesday. The memorandum of understanding is one of the first signed between a major Iranian company and a Gulf Arab state since international sanctions against Iran were lifted earlier this month. Traditionally, Oman has had closer ties to Iran than its Arab neighbours." (January 27, 2016). (https://www.reuters.com/article/iran-trade-autos-oman/update-1-oman-fund-irans-khodro-sign-mou-for-200-mln-auto-venture-idUSL8N15B2PP)

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