The Oman Investment Authority (OIA) has announced its investment in Tidal Vision, a U.S.-based company specializing in technology and biopolymers, as part of a $140 million Series B funding round.
OIA is one of the lead investors in this round, reflecting its commitment to supporting innovation and sustainability on a global scale.
Tidal Vision plans to use the funds to expand its global operations, including building new infrastructure in Europe and establishing production facilities in Texas and Ohio, USA.
This expansion aims to broaden the reach of its biopolymer technologies, which are based on Chitosan, a natural polymer derived from crustacean shells like shrimp and crab, offering an eco-friendly alternative to traditional chemicals.
The OIA emphasized that this investment aligns with its strategy to support sustainable innovations that promote local product development and enhance domestic industries, contributing to sustainable development in Oman. Notably, the OIA’s total assets exceeded $49 billion in 2023, reinforcing its role as a key player in the global investment landscape.
Tidal Vision provides innovative solutions used in various fields, including water treatment, agriculture, and material sciences, making it a strategic partner in driving economic diversification and opening new avenues for industrial development.
This investment underscores the OIA’s commitment to projects that combine innovation and sustainability, supporting Oman’s economic diversification efforts and contributing to the goals of Oman Vision 2040.
