Saturday 23 / May / 2026
MUSCAT: The Oman Investment Authority (OIA) announced that it has achieved significant returns from a partial exit of its investment in Crusoe, while retaining a stake in the American company to benefit from its future growth potential.
The move comes as part of the Authority’s flexible investment strategy focused on recycling capital into promising opportunities, particularly amid the rapid global expansion of the artificial intelligence sector and increasing demand for data centres, cloud computing and digital infrastructure supporting advanced technologies.
The Authority explained that investment exits are a common global practice used when an asset reaches a stage suitable for sale, enabling investors to realise profits and returns exceeding the original investment value.
According to OIA, the partial exit generated an annual internal rate of return of 68 per cent, in addition to a return equivalent to 10.3 times the invested capital. The Authority said the results underscore the success of its strategy of investing in rapidly growing technology firms and identifying high-quality opportunities in future-focused sectors driven by the global rise of artificial intelligence and cloud computing applications.
Crusoe, founded in 2018 in Denver, specialises in developing infrastructure for artificial intelligence and cloud computing using renewable and underutilised energy resources to power data centres and high-energy-consuming applications.
The company is also developing solutions aimed at reducing emissions from gas flaring and utilising stranded energy sources, before later expanding into specialised data centres supporting AI applications and high-performance computing.
The company’s valuation has reached around $10 billion, with major global technology firms such as Microsoft and Oracle selecting it to develop advanced artificial intelligence infrastructure complexes.
The investment was made through OIA’s Generations Portfolio, which focuses on long-term foreign investments aimed at generating sustainable returns and diversifying risks across international markets. The portfolio’s assets reached OMR8.57 billion by the end of last year and generated profits of OMR1.04 billion during the same period, achieving a return on investment of 13.9 per cent.
The portfolio also expanded its global investment footprint through the addition of new funds in future-oriented sectors, increasing the total number of investment funds to 210 as part of OIA’s strategy to build a balanced and diversified international portfolio capable of capturing emerging opportunities.
During 2025, the Oman Investment Authority achieved profits of OMR2.9 billion, with a return on investment of 14.6 per cent and an average five-year return of 10.4 per cent.
