Oman's SWF gets approval for $1bln infrastructure fund- official | ZAWYA MENA Edition

Oman's SWF gets approval for $1bln infrastructure fund- official | ZAWYA MENA Edition:

"Oman's State General Reserve Fund (SGRF) has got government approval to launch a $1 billion infrastructure fund that will invest in the tiny Gulf state's infrastructure projects, a senior finance ministry official said on Thursday. The non-OPEC oil producer, like some other Gulf states has been hit hard by low oil prices in the last two years leading to budget deficits. Oman is also channeling funding into projects that are essential for the country's non-oil future. "



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