Oman Investment Authority Gains 68% Annual Return from Crusoe Deal

OIA Records Strong Returns from Partial Exit of US AI Firm Crusoe

Muscat:  The Oman Investment Authority (OIA) announced that it achieved rewarding returns from the partial exit of its investment in the American company “Crusoe”, which specializes in artificial intelligence infrastructure, while retaining a stake in the company to benefit from its future growth opportunities.

The move comes within the Authority’s flexible investment management approach and its strategy of recycling capital into promising opportunities, particularly amid the rapid global growth of the artificial intelligence sector and increasing demand for data centres, cloud computing, and digital infrastructure supporting advanced technologies.

The Authority explained that exiting investments is a common global investment practice, whereby investors sell assets after achieving returns and profits that exceed the original investment value.

The partial exit generated an annual internal rate of return of 68 percent, in addition to returns amounting to 10.3 times the invested capital, reflecting the success of the Authority’s strategy in investing in high-growth emerging technology companies and identifying quality opportunities in future-focused sectors.

Founded in Denver in 2018, Crusoe specializes in developing infrastructure for artificial intelligence and cloud computing through solutions that utilize renewable and untapped energy resources to power data centres and high-energy applications.

The company also develops technologies aimed at reducing emissions from gas flaring and utilizing stranded energy resources before expanding into the establishment of advanced data centres supporting artificial intelligence applications and high-performance computing.

Crusoe’s valuation reached approximately USD 10 billion, and the company was selected by major international firms, including Microsoft and Oracle, to develop advanced artificial intelligence infrastructure complexes.

The OIA’s investment in Crusoe falls under the Generations Portfolio, which focuses on long-term foreign investments aimed at achieving sustainable returns and diversifying risks across global markets.

The portfolio’s assets reached RO 8.57 billion by the end of 2025 and recorded profits of RO 1.04 billion during the same year, with a five-year return on investment of 13.9 percent.

The portfolio also expanded its investments in future-focused sectors by adding new investment funds, bringing the total number of investment funds to 210, reflecting the Authority’s efforts to build a balanced global portfolio capable of capturing promising investment opportunities.

During 2025, the Oman Investment Authority achieved profits of RO 2.9 billion, recording a return on investment of 14.6 percent and an average five-year return of 10.4 percent.