Muscat – Sharikat Mubasher: Oman Investment Authority (OIA), the Sultanate’s sovereign wealth fund, announced the launch of Furas platform to expand access for local suppliers and small and medium enterprises (SMEs) to procurement opportunities across its portfolio companies, as Oman accelerates efforts to strengthen in-country value.

The platform was unveiled in a ceremony held under the patronage of Khamis bin Saif bin Hamoud Al Jabri, Minister of Economy, and is designed as a centralized digital channel connecting Omani businesses with tenders and contracts generated by OIA-linked entities. It aims to improve transparency and simplify vendor access to opportunities.

Muneer bin Ali Al Muneeri said the initiative forms part of a wider push to strengthen local content and foster innovation, noting that the platform offers greater visibility into upcoming opportunities while improving transparency across the tendering process. He also encouraged suppliers and entrepreneurs to actively engage with the portal to maximize local value creation.

Meanwhile, Al Mutasim Said Al Sariri said OIA is working on an updated local content strategy that aligns with its National Development Portfolio Strategy, while also remaining consistent with the broader framework set by the Projects and Tendering Authority.

The initiative aligns with Oman’s Vision 2040, which focuses on boosting private sector participation, strengthening industrial linkages, and ensuring that large-scale investments deliver wider economic benefits.