OIA expands partnerships to nine countries
Published: 02:12 PM,Dec 01,2024 | EDITED : 06:12 PM,Dec 01,2024
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MUSCAT, DEC 1
The Oman Investment Authority (OIA) has strengthened its global presence by establishing partnerships across nine countries, the latest of which is a $500 million joint investment fund with OYAK, Turkey’s largest government fund.
The new partnership, signed during His Majesty Sultan Haitham bin Tarik’s state visit to Türkiye, aims to invest in Oman and Turkey while exploring opportunities with a broader global impact. It focuses on key sectors such as mining, the automotive industry, logistics, chemicals, agriculture and food, and energy, ensuring the transfer of technology and knowledge to Oman.
Abdulsalam al Murshidi, President of Oman Investment Authority, stated, “This new strategic partnership aligns with our approach to expansion and growth within OIA’s global investment network. This reflects our commitment to forging high-quality investment partnerships that deliver substantial returns and hold strategic value for the national economy. We are also proud of OIA’s global standing and extensive expertise, which have so far enabled us to establish strategic partnerships with nine brotherly nations.”
OYAK General Manager Suleyman Savas Erdem emphasized the partnership’s significance: “The joint fund we established with Oman Investment Authority is an indication of the trust in our country and our corporation. With this fund, we will be making investments in strategic areas not only in both countries, but also in different regions of the world. This partnership will strengthen our vision of being a global economy.”
The agreement was signed at the Presidential Complex in Ankara in the presence of His Majesty Sultan Haitham bin Tarik and Turkish President Recep Tayyip Erdogan. It was one of 10 agreements and memoranda of understanding signed to enhance bilateral relations.
OIA’s international investment network now spans nine countries: Brunei, Spain, Saudi Arabia, Qatar, Turkey, India, Pakistan, Uzbekistan, and Vietnam. These partnerships reflect Oman’s strategy of leveraging global expertise to strengthen economic ties and drive sustainable growth.
Aligned with Oman Vision 2040, OIA continues to play a vital role in economic diversification, using its global investments to create value for the national economy while exploring new markets. Through strategic collaborations, OIA is positioning Oman as a prominent player in the international investment landscape.
The Oman Investment Authority (OIA) has strengthened its global presence by establishing partnerships across nine countries, the latest of which is a $500 million joint investment fund with OYAK, Turkey’s largest government fund.
The new partnership, signed during His Majesty Sultan Haitham bin Tarik’s state visit to Türkiye, aims to invest in Oman and Turkey while exploring opportunities with a broader global impact. It focuses on key sectors such as mining, the automotive industry, logistics, chemicals, agriculture and food, and energy, ensuring the transfer of technology and knowledge to Oman.
Abdulsalam al Murshidi, President of Oman Investment Authority, stated, “This new strategic partnership aligns with our approach to expansion and growth within OIA’s global investment network. This reflects our commitment to forging high-quality investment partnerships that deliver substantial returns and hold strategic value for the national economy. We are also proud of OIA’s global standing and extensive expertise, which have so far enabled us to establish strategic partnerships with nine brotherly nations.”
OYAK General Manager Suleyman Savas Erdem emphasized the partnership’s significance: “The joint fund we established with Oman Investment Authority is an indication of the trust in our country and our corporation. With this fund, we will be making investments in strategic areas not only in both countries, but also in different regions of the world. This partnership will strengthen our vision of being a global economy.”
The agreement was signed at the Presidential Complex in Ankara in the presence of His Majesty Sultan Haitham bin Tarik and Turkish President Recep Tayyip Erdogan. It was one of 10 agreements and memoranda of understanding signed to enhance bilateral relations.
OIA’s international investment network now spans nine countries: Brunei, Spain, Saudi Arabia, Qatar, Turkey, India, Pakistan, Uzbekistan, and Vietnam. These partnerships reflect Oman’s strategy of leveraging global expertise to strengthen economic ties and drive sustainable growth.
Aligned with Oman Vision 2040, OIA continues to play a vital role in economic diversification, using its global investments to create value for the national economy while exploring new markets. Through strategic collaborations, OIA is positioning Oman as a prominent player in the international investment landscape.