MUSCAT, Sultanate of Oman, July 3, 2025 /PRNewswire/ -- Oman Investment Authority (OIA), the Sultanate's sovereign wealth fund, closed 2024 with US $53bn in assets under management and a US $4.12bn net profit, enabling a US $2.1bn transfer to the state budget and reinforcing its growing fiscal role. Recognized among the top ten sovereign wealth funds by Global SWF for five-year annualized returns, OIA is harnessing Oman's potential through globally diversified investments in future-focused sectors.
OIA invests through three verticals: the National Development Fund (NDF), Future Generations Fund (FGF), and Future Fund Oman (FFO). Spanning over 50 countries, the portfolio remains 63% domestic, with 19.9% in North America, and the rest across Europe, Asia, Africa, and Latin America. The strategy reduces risk while advancing Oman Vision 2040 priority sectors. NDF deployed US $4.9bn in 2024, surpassing its US $4.4bn target to accelerate domestic projects. Energy dominated at 68% of commitments, including additional funding for Duqm Refinery and launching the 500 MW solar plants. The rest targeted logistics, tourism, mining, and telecoms, with capital allocated to Asyad Container Terminal and reopening copper mines.
FGF broadened international exposure through stakes in 13 new funds across AI, healthcare, fintech, and energy transition. As an early investor in xAI, OIA is positioned to capture value from global innovation trends while evaluating its relevance to Oman's economy.
Launched in January 2024 to attract foreign investors and scale local champions, the US $5.2bn FFO committed US $865mn to projects including the Sohar PolySilicon plant, set to be the world's largest outside China, and joint funds with IDG Capital and ewpartners targeting ICT, renewables, EV supply chains, and agritech.
OIA portfolio companies repaid US $4.7bn in debt, including prepayment US $1.4bn repayment by state energy group OQ. Sovereign guarantees fell to US $4.7bn, nearly half 2023 levels. Six assets were divested, one more than planned, raising fresh capital and broadening local equity participation. The flagship exit was a 25% IPO of OQ Exploration & Production. These reflect efforts to empower the private sector and attract strategic and financial partners.
OIA continued supporting innovation and entrepreneurship through startup funding, accelerators, and targeted procurement. In 2024, Small Medium Enterprises accounted for nearly 20% of OIA's supply chain spend, bolstered by ring-fencing and over US $28mn in direct funding.
OIA strengthened ties with institutional investors and hosted the largest-ever global gathering of sovereign wealth funds in Muscat. This engagement, along with improved disclosure, earned World Bank recognition and supported upgrades that restored Oman to investment-grade status.
Amid energy volatility and geopolitical risk, OIA plans to scale renewables, digital infrastructure, and critical minerals, while trimming hydrocarbons and divesting non-core assets. It also plans to expand co-investment to accelerate knowledge transfer into Omani ventures. With strong 2024 results, deeper capital market access, and a tech-driven project pipeline, OIA is emerging as a key stabilizer of Oman's public finances.
The 2024 Annual Report is available at www.oia.gov.om.
OIA Press Office
Media@oia.gov.om
Website: www.oia.gov.om
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
OMAN INVESTMENT AUTHORITY REPORTS USD 4.1 BILLION PROFIT FOR 2024, RANKS AMONG TOP 10 GLOBAL SOVEREIGN FUNDS
TAIPEI, Jan. 12, 2026 /PRNewswire/ -- The Game-Fi world welcomes a bold new contender as CJC Race officially launches worldwide, revolutionizing the blockchain gaming landscape with its immersive horse racing experience and dynamic Play-to-Earn economy.
Built on the Arbitrum blockchain, CJC Race blends strategic gameplay with real-world earning potential, offering players a chance to become digital stable owners, compete in high-stakes tournaments, and earn stablecoin rewards. With its motto "skills meet strategy, rewards meet reality" the game invites both newcomers and seasoned Game-Fi enthusiasts to dive into a new era of strategic Game-Fi horse racing ecosystem.
Strategic Racing Meets Real-World Value
At the heart of CJC Race, it is a competitive simulation where players collect NFT Horses, Jockeys, and Items to build their ultimate racing teams. Success hinges on tactical decisions—matching horses to track types and distances, optimizing team synergy, and mastering diverse formats like:
Champion Stakes: Monthly prize pool starting at 30,000 USDT, exclusive to Tycoon Club members.
League Challenges: Distance-based races with 18,000 USDT in seasonal rewards. (Opens when the number of members reaches 511.)
Grand Master Cups: Open tournaments with payouts up to 150x the entry fee.
PvP Battles: 24/7 racing with customizable stakes and prize splits.
Farm: Passive income opportunities up to 15 USDT/month.
Day Spa: Additional profit opportunities by bidding for management rights to the Day Spa.
All in-game earnings can be exchanged for USDT, turning gameplay into stable and tangible financial returns.
Tycoon Club: Where Ownership Meets Opportunity
CJC Race introduces the Tycoon Club, a groundbreaking economic model that rewards community growth. Every NFT mystery box purchase earns membership points, grants access to exclusive races and a share of the platform's expanding prize pool. As the member base grows, so do the rewards—automatically distributed in USDT to loyal members.
"Our ecosystem is designed to reward strategic play, community participation, and long-term commitment," said a CJC Race spokesperson. "As our racing community expands, the ecosystem's value grows, and our earliest, most loyal supporters deserve to share in that success. We're committed to creating a sustainable Game-Fi platform where players control their racing experience and earn consistent income—bringing the Play-to-Earn vision to life. This is Game-Fi done right."
Massive Prize Pools and Future Guild Wars
To celebrate its global launch, CJC Race will debut with an initial monthly prize pool at 60,000 USDT, scaling with player participation. Upcoming updates will introduce a Guild system, adding another 30,000 USDT in monthly rewards and fostering team-based competition.
Whether you're a crypto investor seeking stable returns or a gamer chasing glory, CJC Race offers a thrilling new frontier in Web3 gaming.
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The Information may be changed without notice and is not guaranteed to be complete, correct, timely, current, or up to date. Like any printed materials, the Information may become out-of-date. CJC Race undertakes no obligation to update any Information on the Sites; provided, however, that CJC Race may update the Information at any time without notice in CJC Race's sole and absolute discretion. CJC Race reserves the right to make alterations or deletions to the Information at any time without notice. The information is provided for general purposes only. This content is for informational purposes only and should not be construed as financial advice. CJC Race accepts no responsibility for any actions taken based on this content or for any consequences resulting from its use.
All rights are reserved by CJC Race.
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** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
CJC Race Launches Global Game-Fi Horse Racing Platform With Real USDT Rewards
