Latest news with #Templewater
Zawya
10-07-2025
- Business
- Zawya
Oman: OIA launches $200mln JV energy transition fund
MUSCAT: Oman Investment Authority (OIA) launched a $200 million joint energy transition fund here yesterday, July 9, 2025. 'The Energy Transition Fund' is the result of a partnership between OIA's Future Fund Oman (FFO) and Chinese investment firm Templewater, and is 'designed to accelerate Oman's shift to a low-carbon economy while unlocking scalable, investor-ready opportunities that reinforce the country's long-term development goals.' In his keynote address, the Deputy President of OIA, Mulham Basheer al Jaraf, underscored the significance of the partnership, saying: 'Today, we are pleased to launch an investment fund with a capital of $200 million, equally contributed by the Oman Future Fund and the Templewater Fund. This partnership comes at a time when the world is witnessing rapid transformations in the energy sector and a global and national shift toward sustainability and carbon neutrality. At the Oman Investment Authority, we believe that smart and targeted investment in this field not only contributes to achieving our environmental goals, but also opens up new horizons for economic growth and strengthens Oman's position as a regional hub for renewable energy solutions.' According to the Deputy President, the Fund will focus on channeling investments into sectors critical to the energy transition, 'This will serve as a true platform to stimulate high-quality investments in sectors related to energy transition—such as green fuels, data centers, stations and hubs, storage, smart transportation and mobility, and other vital sectors that will shape the future economy.' He added that the partnership represents an 'effective model of synergy and collaboration between the public and private sectors—both local and international.' 'It will enable us to transfer and localize advanced technologies and build national capabilities,' he noted. Cliff Zhang, Chairman and CEO of Templewater, shared the following about the partnership: 'We are truly thankful to the Future Fund Oman and the Oman Investment Authority for their partnership and vision. Their commitment to driving Oman's role in the global energy transition is not just forward-thinking—it is shaping real, tangible changes. From day one, FFO and OIA championed a collaborative approach—one that values innovation, global impact, and mobilizing capital at scale. That ethos is what made this project possible, laying the foundation for an investment vehicle that is both scalable and globally viable. We are proud to stand with FFO and OIA in bringing this vision to life.' Zhang added that the Energy Transition Fund is focused on high-impact investments in areas like clean molecules, energy storage, e-fuels, smart mobility, and clean data centers. 'These are central not only to Oman's Vision 2040 and Net Zero 2050 goals, but also to building a more diversified, resilient economy for the great nation of Oman. At Templewater, we are proud to be part of powering that future,' he stated. Significantly, Templewater is also set to establish an office in Muscat. 'As part of our long-term commitment to Oman, Templewater is establishing a local presence in Muscat, with local offices and dedicated team members on the ground. We look forward to working closely with our partners at FFO and OIA—not only as investors, but as partners and collaborators—embedding ourselves in the ecosystem and contributing to Oman's energy transition and economic diversification from within,' the Chairman said. According to officials, the Energy Transition Fund will operate with a deployment period of five years, focusing on strategic and high-impact investments ranging between $20 million to $40 million per ticket, aiming to build a portfolio of five to ten companies. The initial capital base serves as a catalyst to unlock further capital and attract high-quality, scalable investment opportunities aligned with Oman Vision 2040. Furthermore, all investments will be deployed within Oman, with the Fund committed to a 100 per cent in-country deployment strategy. It will focus primarily on identifying and investing in mature technologies with a Technology Readiness Level (TRL) of 8 and above. Moreover, the fund will leverage effective public and public partnerships to create opportunities for training and capacity building within the sector, in addition to contributing to research and development, and knowledge transfer. Since its establishment in early 2024 with a capital of $5.2 billion, the Future Fund Oman (FFO) has committed to allocating 90 per cent of its capital to strategic local projects and 10 per cent to support SMEs and Startups with the goal of enhancing economic diversification, maximizing in-country value (ICV), and supporting digital and technological transformation. 2022 © All right reserved for Oman Establishment for Press, Publication and Advertising (OEPPA) Provided by SyndiGate Media Inc. (
Muscat Daily
09-07-2025
- Business
- Muscat Daily
OIA unveils $200mn fund to accelerate Oman's energy transition
Muscat – Oman Investment Authority (OIA) has announced the launch of the sultanate's first investment fund dedicated to the energy transition in partnership with China-based alternative asset manager Templewater. The joint initiative, backed by Future Fund Oman (FFO), aims to advance Oman's clean energy ambitions and support economic diversification under Vision 2040. The 50:50 joint fund starts with US$200mn in capital, equally contributed by FFO and Templewater. According to OIA, the fund is designed to catalyse further investment and unlock opportunities in renewable energy and low-carbon technologies within the sultanate. 'All projects will be Oman-based, underscoring its strategy to become a regional hub for energy innovation.' OIA stated. The fund will invest in strategic sectors such as clean molecules, green data centres, energy storage, smart mobility, and renewable energy including solar and wind. It will also focus on industrial innovation, energy efficiency, and scalable technologies tailored for Oman and regional markets. Abdulsalam al Murshidi, President of OIA, described the fund as a key step in positioning Oman as a global leader in renewable energy solutions. 'OIA seeks to attract expertise and global best practices to support the sultanate's ambition to become a leading exporter of clean molecules and renewable energy.' Cliff Zhang, Chairman and CEO of Templewater, said the partnership reflects confidence in Oman's regulatory landscape and vision for energy security and sustainable growth. 'We are com-mitted to investing in solutions that offer measurable climate benefits and investor confidence.' Templewater will leverage its international partner network to support the localisation of clean technologies in Oman, aligning with FFO's mandate to stimulate strategic investments and maximise in-country value. The fund is expected to draw additional institutional capital from both domestic and international investors. It will act as a platform for collaboration between public and private sectors, supporting co-development of commercially viable projects, capacity building and R&D in the renewable space. This development follows FFO's launch in early 2024 with a capital base of US$5.2bn, 90% of which is allocated to large-scale national projects and 10% earmarked for SMEs and startups. The fund aligns with Oman's net-zero target by 2050 and reflects the sultanate's commitment to the Paris Agreement. OIA stated that the fund will also contribute to workforce development and innovation, while advancing Oman's aspirations to lead in clean molecule production and renewable energy exports. 'It will also contribute to research and development and the transfer of best international practices, strengthening the sultanate's innovation ecosystem and ensuring both economic and environmental sustainability.'
Times of Oman
09-07-2025
- Business
- Times of Oman
Oman's first energy transition fund launched
Muscat: Oman Investment Authority (OIA) has announced the launch of the Sultanate of Oman's first investment fund dedicated to the energy transition, established through a strategic partnership between the 'Future Fund Oman (FFO)' and Templewater, a leading alternative asset management company based in the People's Republic of China. The joint fund aims to accelerate the pace of energy transition in the Sultanate of Oman and support efforts to diversify income sources in line with Oman Vision 2040, by investing in innovative projects that advance net-zero goals and open new horizons for sustainable economic growth. This 50:50 joint fund—starting with a total capital commitment of RO 77 million (USD 200 million), equally contributed by FFO and Templewater—represents a pioneering initiative in clean energy and the shift towards a low-carbon economy. The initial capital base serves as a catalyst to unlock further capital and attract high-quality, scalable investment opportunities aligned with Oman Vision 2040. All investment opportunities will be located within the Sultanate of Oman, reinforcing its ambition to become a regional hub for renewable energy innovation. The Fund aims to invest in vital sectors and strategic projects, including clean molecules, green data centers, energy storage, smart mobility, and all forms of renewable energy, such as solar and wind. It will also prioritize the development of innovative solutions and technologies in energy efficiency and industrial innovation, tailored to meet the needs of the Omani and regional markets. Built as a platform to mobilize further investment, the Fund seeks to co-develop commercially viable energy transition projects in collaboration with both public and private sector stakeholders. It also aims to attract additional institutional investments—locally and globally—to expand the scale and impact of its future programs and projects. Abdulsalam Mohammed Al Murshidi, Chairman of OIA, affirmed that this partnership represents a key strategic step in positioning the Sultanate of Oman as a regional and global hub for clean and renewable energy solutions. 'OIA seeks to attract expertise and global best practices to support Oman's ambition to become a leading exporter of clean molecules and renewable energy solutions,' he said. On his turn, Cliff Zhang, Chairman and CEO of Templewater, stated: 'This Fund reflects our commitment to investing in solutions that not only deliver measurable climate benefits and robust returns but also enhance energy security and investor confidence. The Sultanate of Oman's supportive regulatory environment and progressive investment outlook make it a standout destination for advanced energy transition manufacturing and broader economic diversification.' Templewater will leverage its global partner network and technical expertise to localize scalable, innovative solutions within the Sultanate of Oman—fully aligned with FFO's mandate to stimulate the national economy, foster strategic investment partnerships, and unlock economic value for the Sultanate of Oman and investors. The fund is expected to attract strategic partners and investors from around the world, including major global players in the renewable energy and clean technology sectors, positioning it as an integrated platform that supports innovation, sustainability, and startup empowerment. This collaboration marks another major step in a series of initiatives launched by FFO since its establishment in early 2024, with a total capital of USD 5.2 billion. FFO allocates 90% of its capital to strategic local projects and 10% to support SMEs and startups. The fund underscores OIA's commitment to directing capital toward projects that enhance economic diversification, maximize in-country value (ICV), and support digital and technological transformation. In addition to financial investment, the fund will foster effective partnerships with both public and private institutions, creating opportunities for training and capacity building in the renewable energy sector. It will also contribute to research and development and the transfer of best international practices, strengthening the Sultanate of Oman's innovation ecosystem and ensuring both economic and environmental sustainability. This announcement comes amid growing regional and international momentum to address climate change and promote clean energy alternatives. The Sultanate of Oman aspires to lead in the production and export of clean molecules, while creating an investment-friendly environment that supports its Paris Agreement commitments and its journey to net zero by 2050.
Zawya
09-07-2025
- Business
- Zawya
Future Fund Oman and Templewater launch the Sultanate's first energy transition fund
First dedicated energy transition fund launched in Oman to advance Vision 2040 and Net Zero 2050 goals and develop the next phase of advanced energy transition projects OIA partners with Templewater to attract globally proven energy solutions to support Oman's energy transition and economic diversification The Fund aims to offer investors healthy and sustainable financial returns while contributing to combating climate change Hong Kong / Muscat – Future Fund Oman (FFO), an Oman Investment Authority (OIA) Fund and Templewater, a leading pan-Asia alternative asset manager announced today the launch of the Energy Transition Fund ('the Fund'). This marks the first dedicated fund of its kind in the Sultanate of Oman, designed to accelerate investment in energy transition and advanced manufacturing in the country, delivering healthy financial returns and further the Sultanate's long-term economic diversification efforts under Oman Vision 2040. The Fund, managed by Templewater, launches with an initial capital base of US$200 million, anchored by a US$100 million commitment from FFO, and matched with a US$100 million commitment from Templewater. This initial capital base serves as a catalyst to unlock further capital and attract high-quality, scalable investment opportunities aligned with Oman Vision 2040. The partnership has capacity within its extended network to support larger deal sizes, ensuring flexibility and responsiveness to the most compelling opportunities. The Fund also reinforces OIA's strategic role in embedding national economic priorities within international investments, while leveraging global partnerships to attract foreign direct investment, advanced expertise, and technology into key sectors of the Omani economy. The Fund will focus on high-impact sectors including clean molecules, energy storage, e-fuels, smart mobility, renewables, and green data centers. Templewater will leverage its global partner network and technical expertise to localise scalable, innovative solutions within Oman – aligned with FFO's mandate to stimulate the national economy, foster strategic investment partnerships, and unlock economic value for the Sultanate and investors. This initiative reflects OIA's value as a long-term investment partner, adding strategic insight, de-risking capabilities, and deep regional access to unlock institutional-grade opportunities. The Fund also contributes to Oman's ambition to position itself as a clean energy hub and a destination for future-focused global capital. The Fund has been structured to generate healthy and sustainable financial returns while contributing to positive climate impact. Built as a platform to mobilize further investment, the Fund aims to co-develop commercially viable energy transition projects. With a long-term growth trajectory, it will scale as it identifies projects aligned with the Sultanate's climate targets and industrial development goals. His Excellency Abdulsalam Al Murshidi, President of OIA, affirmed that this partnership represents a key strategic step in positioning the Sultanate of Oman as a regional and global hub for clean and renewable energy solutions. 'OIA seeks to attract expertise and global best practices to support Oman's ambition to become a leading exporter of clean molecules and renewable energy solutions,' he said. Cliff Zhang, Chairman and CEO of Templewater, said: 'We are honored to partner with FFO to co-develop flagship energy transition projects and localize cutting-edge technologies. This Fund reflects not only our commitment to investing in solutions that deliver financial returns and climate benefits, but also our confidence in Oman's supportive forward-looking environment. Templewater will establish a local presence in Muscat to work closely with our partners at FFO and OIA, setting an example for others across the region.' Oman has emerged as a frontrunner in global energy transition and as a strategic hub for clean energy and advanced manufacturing, underpinned by landmark export deals with major international players. With a stable investment climate, pro-business regulatory framework, and a strategic location at the crossroads of global trade, the Sultanate offers strong fundamentals for long term partnerships and capital deployment. This launch builds on Templewater's successful track record in energy transition and decarbonization. As a specialist investor driving the future of energy and industry across Asia, Templewater draws on its strong heritage in green technology and manufacturing, integrating deep industrial know-how with global financial, professional services, and technical expertise. The Fund provides a governance-ready, de-risked platform for investors seeking exposure to Oman's energy transition. Templewater and FFO will continue to identify and co-develop high-growth commercial opportunities aligned with the Sultanate's national vision and net-zero roadmap. FOR FURTHER INFORMATION, PLEASE CONTACT: Templewater / Edelman Smithfield Dhanya Issac / Andreea Caraveteanu templewater@ Oman Investment Authority OIA Press Office Email: Media@ Website: About Future Fund Oman Established by Oman Investment Authority as per directives from His Majesty Sultan Haitham bin Tarik, the Fund comprises a capital totaling OMR 2 billion. The Fund offers an array of funding opportunities for selected investors and partners looking to play a role in enhancing and stimulating Oman's economic landscape. About Oman Investment Authority Oman Investment Authority (OIA) is the investment arm of the Sultanate of Oman. It is mandated with managing, investing, and growing the Sultanate's assets locally and internationally. Its investment funds geographically diverse, with investments on every continent, and cover a wide range of sectors, including food and fisheries, energy, logistics, Information and Communication Technology (ICT), public services, financial and investment services, tourism, mining, manufacturing, and aviation. It plays a key role in driving sustainable economic development and achieving Oman's vision of becoming a more attractive investment destination. About Templewater Templewater is an Asia based alternative asset manager founded in 2018. Templewater provides its investors, which include global institutions, family offices and high-net-worth individuals, with two (2) core pan-Asia focused investment strategies: (a) private equity focusing mid-market buyout, and (b) decarbonization and energy transition growth equity investments. Templewater's mission is to provide financial and human capital, operational expertise, corporate governance framework, and integrity to build leading businesses. To learn more about Templewater, please visit and follow Templewater on LinkedIn at
South China Morning Post
08-05-2025
- Business
- South China Morning Post
Middle East's shift to sustainable energy opens doors for Hong Kong companies
Hong Kong businesses are keenly observing the burgeoning new energy opportunities in the Middle East, as Gulf nations seek to diversify their oil-dependent economies and pave the way for a sustainable future. Advertisement Cliff Zhang Kun, chairman of Templewater and Bravo Transport, which owns bus operator Citybus, said that the company was in discussions with Qatar and Kuwait to supply hydrogen buses, following a successful pilot project in Abu Dhabi. Zhang, who will be part of the official delegation accompanying Chief Executive John Lee Ka-chiu to Qatar and Kuwait later this week, said that the company supplied three hydrogen buses to Abu Dhabi in the United Arab Emirates in November 2023 as part of a focus on energy transition. He indicated that the country might make bulk purchases after the end of the pilot project in the second half of this year. 'New energy vehicles may not have the strongest cost advantage because petroleum prices are cheap in the Middle East, but the local governments look beyond the cost and focus on the ultimate goal of driving the development of a new industry,' he said. Advertisement 'Despite a traditional reliance on oil and natural gas, Middle Eastern countries indeed possess strong potential in solar and wind energy, which are renewable resources and can also be used to generate hydrogen for export.'
