Hong Kong-based private equity firm Templewater is collaborating with the Future Fund Oman, a 2 billion Omani rial (US$5.2 billion) investment fund, to explore investment opportunities in the energy transition sector in the Middle East. The partnership aims to focus on energy transition and localisation opportunities to support the region's net-zero emission and economic diversification ambitions. Templewater's subsidiary, Wisdom Motor, is working towards establishing a strong presence in zero-emission commercial vehicles across GCC countries, particularly targeting the tourism, industry, manufacturing, green energy, and transportation sectors. The firm has already made progress by introducing hydrogen-powered vehicles in the UAE and deploying hydrogen buses in Abu Dhabi. By aligning with the Vision 2040 priorities of Oman and leveraging the region's rich renewable energy resources, Templewater aims to promote economic diversification and sustainable development. The firm sees the Middle East as a strategic location for investments in the energy sector due to its long-term growth potential and geopolitical stability. By encouraging investors to participate in the energy transition and supporting local industries, Templewater seeks to drive high-quality energy companies towards the region and facilitate market growth. Overall, the collaboration between Templewater and Future Fund Oman signifies a positive step towards sustainable development and decarbonisation efforts in the Middle East.