• The Sultanate's first dedicated energy transition fund to support Oman Vision 2040, the objectives of the "Carbon Neutrality by 2050" strategy, and the development of the next phase of energy transition projects.
• The Oman Future Fund partners with Temple Water to attract advanced, internationally certified solutions to support Oman's energy transition and economic diversification.
• The fund aims to achieve profitable and sustainable financial returns for investors and contribute to addressing the challenges of climate change.

Hong Kong/Muscat – The Oman Future Fund, a subsidiary of the Oman Investment Authority, and Temple Water, a leading Asian alternative asset manager, announced the launch of the Energy Transition Fund (the "Fund"), the first of its kind in the Sultanate of Oman. The specialized fund aims to accelerate investment in the energy transition and advanced industries in the Sultanate and achieve attractive financial returns. It also contributes to supporting the long-term diversification efforts of the national economy, in line with the objectives of Oman Vision 2040 .

The fund, which will be managed by Temple Water, is launched with an initial capital of $200 million, building on a $100 million anchor commitment from the Oman Future Fund and a similar $100 million commitment from Temple Water. This commitment serves as a catalyst to raise additional investments and attract promising, growth-oriented opportunities, in line with Oman Vision 2040. The partnership leverages an extensive network of relationships, enabling it to support larger deals and ensuring a high degree of flexibility and responsiveness to the most attractive investment opportunities. The fund also consolidates the strategic role of the Oman Investment Authority in aligning international investments with national economic priorities, while leveraging global partnerships to attract foreign direct investment, advanced expertise, and modern technologies to vital sectors of the Omani economy.

The fund focuses on promising, high-impact sectors, including clean molecules, energy storage, e-fuels, smart mobility, renewable energy sources, and green data centers . Temple Water leverages its international network and technical expertise to develop solutions that are widely applicable within the Sultanate of Oman, in line with the Oman Future Fund's vision to stimulate economic growth, build long-term investment partnerships, and generate shared value for the Sultanate and investors .

This initiative reflects the role of the Oman Future Fund as a long-term investment partner, offering strategic insights, effective risk management capabilities, and a broad regional presence that paves the way for unique opportunities for institutional investment . The fund also contributes to supporting the Sultanate of Oman's aspirations to consolidate its position as a pivotal center for clean energy and an attractive destination for ambitious global capital .

The fund is designed to generate attractive and sustainable financial returns, while contributing to a tangible climate impact by providing an effective platform to stimulate investments and direct them toward specialized, commercially viable projects in the energy transition . The fund is focused on a long-term growth trajectory and will continue to expand in parallel with identifying projects that align with the Sultanate's climate targets and plans to promote industrial development.

For his part, Cliff Chang, Chairman and CEO of Temple Water, said: “We are honored to partner with the Oman Future Fund to develop pivotal projects that support the energy transition and the localization of advanced technologies. This fund embodies our commitment to investing in solutions that achieve tangible climate impact and strong returns. It also reflects our firm confidence in the thriving and stimulating investment environment provided by the Sultanate of Oman. The Sultanate is distinguished by its supportive regulatory environment and ambitious investment approach, making it a promising destination for advanced manufacturing in the areas of energy transition and achieving economic diversification.”

He added: " As part of our long-term commitment to the Sultanate of Oman, Temple Water intends to establish a local presence in Muscat by opening a company office, relocating a number of team members, and hiring local talent to collaborate with our partners at the Oman Future Fund and the Oman Investment Authority. We look forward to expanding this model to become a model for the region."

It's worth noting that the Sultanate has established itself as a key player in the global transition to clean energy and a strategic hub for advanced industries, supported by pivotal export agreements with major international companies. Thanks to its stable investment environment, business-friendly regulatory framework, and strategic location at the crossroads of global trade routes, the Sultanate of Oman offers solid foundations for building long-term partnerships and deploying capital in projects with a sustainable impact.

This new move builds on Temple Water's proven track record in energy transition and decarbonization. As a dedicated investor shaping the future of energy and industry across Asia, Temple Water leverages its strong legacy in sustainable technologies, extensive industrial sector expertise, and global network of financial, advisory, and technology services .

The fund provides a platform equipped with governance mechanisms and designed to mitigate risks for investors wishing to participate in the Sultanate's energy transformation . Temple Water and the Oman Future Fund will continue to identify and develop promising business opportunities to drive sustainable growth, in line with Oman's national vision and plans to achieve carbon neutrality .

About the Oman Future Fund

Under the directives of His Majesty Sultan Haitham bin Tariq Al Said, the Oman Investment Authority has established the Oman Future Fund with a capital of OMR 2 billion. The fund aims to provide financing opportunities to a select group of investors and partners seeking to contribute to strengthening and stimulating the economy in the Sultanate of Oman.

About the Oman Investment Authority

The Oman Investment Authority (OIA) is the investment arm of the Government of the Sultanate of Oman. It is tasked with managing, investing, and developing the Sultanate's assets locally and internationally. Its portfolio is geographically diverse, with investments spanning every continent around the world, covering diverse sectors including food, energy, logistics, telecommunications, information technology, public services, finance, investment, tourism, mining, industry, and aviation. The Authority plays a pivotal role in leading the sustainable economic development of the Sultanate of Oman and realizing the Sultanate's vision of becoming an attractive investment destination .

About Temple Water

Temple Water is an Asian alternative asset manager founded in 2018. The firm offers its investors, including global institutions, family offices, and high-net-worth individuals, two primary investment strategies across Asia : (a) private equity with a focus on mid-market acquisitions, and (b) growth equities focused on decarbonization and energy transition . Temple Water's mission is to provide capital, talent, operational expertise, and corporate governance and integrity frameworks to build leading companies.

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