The Oman Investment Authority (OIA) announced significant growth in its assets, totaling RO19.240bn with profits exceeding RO1.7bn in 2023. This growth marked a 9.95% investment return. OIA's contribution to Oman's State General Budget surpassed RO6bn, along with the creation of 1,300 job opportunities for Omanis. The 2023 annual report highlighted the authority's commitment to Oman Vision 2040, emphasizing transparency, governance, and performance. Despite global economic challenges, OIA diversified its investments globally and achieved an average return of 9.8% on direct investments in the private sector. Notably, OIA invested in companies like Electric Hydrogen (EH2) and Hysata contributing to green hydrogen production. Efforts to reduce debt and financial risks led to a credit rating upgrade for Oman. Additionally, investments in the local sector increased, focusing on economic diversification. OIA's commitment to in-country value and support for SMEs was evident with significant investment in local businesses. Looking ahead, OIA plans divestment from five firms, with a successful track record in divestments in 2023, positively impacting the Muscat Stock Exchange.