Dubai Mercantile Exchange: The fund is focusing on logistics, shipping and tourism as those industries are areas in which Oman has an advantage given its location on shipping routes connecting Europe and the Americas to Asia, he said, according to Business Week. He didn’t disclose details on future investments. Oman Investment Fund, which has holdings in Italy to Vietnam and is a shareholder of the Dubai Mercantile Exchange, wants to invest in companies in Oman and abroad that are mainly outside the oil industry, says Fabio Scacciavillani, chief economist at the state-owned fund. Oman, the second-smallest economy in the Gulf, set up Oman Investment Fund in 2006 to preserve and expand the country wealth. Scacciavillani declined to comment on the size of the fund. The fund manages about $6 billion, according to the Sovereign Wealth Fund Institute.
(news.financializer.com). As
reported in the news.
Tagged under Dubai Mercantile Exchange, Fabio Scacciavillani topics.