Oman SGRF picks Mauritius as Platform to Invest in Africa and Asia

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The Finance State General Reserve Fund (SGRF) of Oman which manages funds of over $ 8 billion USD has expressed interest to use Mauritius as platform to invest in Africa and Asia.

This was at the fore of discussions this morning during a courtesy call by the Director of the Finance SGRF, Mrs Jamila Al-Jabri on the Prime Minister, Mr Pravind Kumar Jugnauth, at the New Treasury Building in Port Louis in the presence of other representatives of SGRF.

In a statement, following the courtesy visit, Mr Nitin Collappen, representative of SGRF and Director of Astro Project Holdings Ltd, a company officially launched yesterday and incorporated in Mauritius since 2008 with investment funds of around $300 million USD, conveyed his satisfaction regarding the meeting with Prime Minister Jugnauth. He further spoke of deepening bilateral relations between Oman and Mauritius with regards to investment possibilities for the mutual benefit of both countries adding that the funds managed by Astro Project Holdings Ltd is expected to reach over $ 1 billion USD by 2018.

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