Recent statistics showed that the university achieved investment income during the year 2019, estimated at (11.369.103) million Omani Rials.
The news monitored by “Atheer” from the online portal of the Sultan Qaboos University “Anwar” indicated that investment is of strategic importance as it directly contributes to supporting the economy and increasing production, and in line with the government's rational directives on the necessity of finding various sources of income for government institutions.
The news stated that the university sought during the last period to build a base to invest its funds and fixed and movable assets by entering into partnerships between the public and private sectors, and these efforts were crowned by the establishment of the Investment and Income Department in 2009.
Despite the economic downturn in the world, the university has taken active steps to start diversifying sources of income, in line with Oman 2040 vision, among which is among the most important axes of diversifying sources of income, upgrading education and building a national economy in which all sectors contribute effectively.
In order to develop sources of income, the establishment of the "House of Expertise for Integrated Projects and Trade LLC" came as an investment company fully owned by Sultan Qaboos University, and it is the third company that the university owns after the Student Consumer Corporation LLC and the Oman Technology Center. Marine Vitality LLC.
According to information documented by the recently issued "University Tower" book, the company has completed several projects in 2019 AD, the most important of which are: the Harah al-Jamaa school, the university store, and the start of consulting work for the new university club project.
The "Experience House for Integrated Projects and Trade LLC" “To start the new university club project, and future projects include investing the university’s land in the state of al-Musannah, agricultural project, the agricultural experiment station development project, the dairy plant development project, and the university land investment project in Jabal al-Akhdar, based on the economic feasibility of these projects.
The statistics received indicated that scientific research achieved a return of (2,976,961) million Omani Rials, and the University Hospital achieved an income of (1,575,000) million Omani Rials, and the funding of research centers amounted to (1,600,000) million Omani Rials, and the income of the Staff Club reached 57,290 thousand Omani riyals, while the student consumer institution achieved (42,674) thousand Omani riyals, and the rent of the shops on the university campus amounted to (319,851) thousand Omani riyals, and the rent of the university halls came in the amount of (30,800) thousand Omani riyals, while the sports facilities reached ( 3,500) Omani Rials, and the sales of the Agricultural Experiments Station amounted to (66,406) thousand Omani Rials, and the Center for Community Service and Continuing Education achieved an income of (611,804) Omani Rials, and the University also achieved an income from other revenues of (4,084,817) million Omani Rials.
Translate to english by: Ahmed Al Ojaili
