The Oman Investment Authority partnered with Hong Kong-based Templewater to launch a $200 million Energy Transition Fund. The fund aims to finance projects in renewable energy, energy storage, clean fuels, green data centers, and low-carbon transportation, such as electric vehicles. The fund includes $100 million commitments from both the Future Fund Oman (FFO) and Templewater. FFO, established in January 2024 with assets of OMR 2 billion ($5.2 billion), focuses on stimulating local investment and economic diversification.