(11 September 2025, Hong Kong) Templewater, a leading pan-Asia alternative asset manager, and Future Fund Oman (FFO), an Oman Investment Authority (OIA) fund, held a signing ceremony today to commemorate the launch of Oman’s first dedicated Energy Transition Fund (ETF) in Hong Kong. This landmark initiative celebrates a bold step in accelerating the global shift to clean energy and deepening strategic cooperation between Hong Kong, Oman, and the broader GCC region.
With an initial capital base of US$200 million, the Fund is designed to catalyze Oman’s energy transformation and economic diversification under Oman Vision 2040. It focuses on high-impact sectors including clean molecules, energy storage, e-fuels, smart mobility, renewables, and green datacenters.
The Fund aims to make five to ten investments over fund life, with the first several deployments expected in the next six to twelve months in the areas of energy storage and smart mobility, among others. It operates on a five-year investment alongside a five-year holding horizon. The Fund currently maintains an active pipeline of projects in active due diligence and advanced deal discussion stages.
The signing ceremony coincides with the 10thanniversary of Belt and Road Summit in Hong Kong, a premier international platform that brings together senior government officials and business leaders from Belt and Road markets to foster multilateral collaboration and unlock business opportunities. It also follows the recent high-level discussions between H.E. Abdulsalam al Murshidi, President of OIA, and Mr. John Lee, Chief Executive of the Government of the Hong Kong Special Administrative Region (HKSAR), on 1 August2025, underscoring a shared commitment to long-term cooperation in clean energy, infrastructure, and industrial innovation. Templewater’s ETF in Oman not only echoes the high-level interactions between the two governments but also embodies the broad prospects for exchange and cooperation between Hong Kong and Oman, as well as other GCC member states.
To strengthen regional partnerships, Templewater has established a local office in Muscat, with team members relocating from headquarters and local hires underway. This move reflects Templewater’s long-term commitment to Oman and positions the firm as a key platform for deploying cross-border capital to advance the energy transition across Asia and the GCC.
Cliff Zhang, Chairman and CEO of Templewater, said: “Partnering with Future Fund Oman to launch this pioneering initiative is a testament to our shared vision for a cleaner, more resilient energy future. With the opening of our office in Muscat, Templewater is deepening its commitment to the region and positioning ourselves to launch the transformative projects on the ground with FFO. We strongly believe in Oman’s progressive investment environment and our dedication to scaling technologies that deliver both climate impacts and commercial success. This launch also symbolizes something greater: the strengthening of financial and strategic ties between Hong Kong and the GCC. As an Asia-focused investment firm, Templewater is proud to be part of this growing momentum. Today’s launch is also a tangible expression of Hong Kong’s role as a super connector between mainland China, the GCC and the wider world!”
Sheikh Nasser bin Suleiman Al Harthi, Deputy President of Operations at the Oman Investment Authority, stated: “This joint fund with Templewater reflects our drive to attract strategic investments for Oman’s clean energy transition. It will develop sustainable projects using transformative technology, reinforcing Oman’s role as a regional renewables hub and supporting the economic diversification and environmental goals of Oman Vision 2040. Our aim is to generate added economic and environmental value through innovation and responsible investment, boosting global competitiveness.”
Beyond capital, Templewater offers operational expertise and policy engagement. Its portfolio companies, such as Wisdom Motor and Hysata, reflect a dual commitment to innovation and commercial viability. Wisdom Motor, a designated supplier for the 2025 Osaka Expo, introduced hydrogen buses to Abu Dhabi during COP28, and operates in 25countries and regions across Europe, Asia Pacific and the Middle East. Hysata, an Australian electrolyzer company, has attracted co-investment from BP Ventures and FFO.
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Edelman for Templewater
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Email: Media@oia.gov.om
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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 www.templewater.com and follow Templewater on LinkedIn at www.linkedin.com/company/templewater.
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.
