Brookfield Asset Management Inc., a global alternative asset manager, is reportedly close to finalizing its inaugural investment in Oman’s telecommunications sector by acquiring a significant stake in a local telecom operator. This move aligns with Brookfield’s broader strategy to expand its footprint in the Middle East’s emerging markets.
The target telecom company is seeking strategic partners to strengthen capital and enhance operational efficiency amid rising regional competition. While details on the exact company and stake size remain undisclosed, industry insiders believe the investment will catalyze further infrastructure upgrades and digital service development in Oman.
Brookfield’s entry reflects a growing trend of international investors eyeing the Middle East’s rapidly evolving telecom landscape, driven by surging demand for faster connectivity, digital services, and 5G rollouts. Oman’s traditionally concentrated telecom market is becoming more open to foreign investment, supporting the government’s economic diversification goals.
The deal is expected to bolster the telecom firm’s financial capacity and introduce global expertise, contributing to Oman’s ambition to become a digital economy hub. It also signals rising investor confidence in Oman’s stable business environment despite regional geopolitical challenges.
Known for its infrastructure investments worldwide, Brookfield’s venture into Oman is anticipated to encourage further foreign direct investment, supporting the Sultanate’s Vision 2040 economic framework.
No official statements have been released yet, and negotiations remain confidential. Market observers view the potential deal as a key indicator of growing foreign investment interest in Oman’s telecom sector.
