Muscat: The Board of Directors at Oman Investment Authority (OIA) have decided to split its assets into local and foreign portfolios.

His Excellency Abdulsalam Al Murshidi, Chairman of OIA said the “Generation Portfolio”, which consists of foreign assets and some local assets in various including public and private markets, in addition to real estate, aims at achieving the greatest returns for future generations.

Meanwhile, the “National Development Portfolio”, is concerned with managing local assets and more than 160 organizations, and aims to contribute to the growth and development of the economy, in addition to supporting the country’s general budget through dividends, privatisation proceeds, and treasury management.