Oman Investment Authority and Kazakhstan`s Samruk-Kazyna have signed a preliminary agreement to create a joint investment fund. The strategic partnership marks a step forward in both nations bilateral economic cooperation. The agreement was signed at the Council of Ministers in Astana, Kazakhstan in the presence of high ranking government officials.
Sovereign Investment Funds Will Contribute To Equal Partnership
Oman Investment Authority and Kazakhstan’s sovereign wealth fund Samruk-Kazyna will form an equal partnership with capital contributions being shared equally. The proposed fund will focus on developing and investing in strategic opportunities in both countries. It will focus on manufacturing, healthcare, renewable energy, logistics and mining, alongside other priority sectors.
The agreement marks a strategic milestone in relations between both countries and reflects a shared commitment to economic integration and long-term cooperation. Furthermore, the partnership aims to expand joint investments in priority sectors and support sustainable growth in line with Oman Vision 2040. The arrangement is part of Oman Investment Authority strategy to build partnerships with sovereign wealth funds and global investment institutions. The deal represents the Authority`s 11th strategic partnership, strengthening its role in advancing Oman’s economic diplomacy and expanding international investment links. The Oman Investment Authority has previously established joint investment partnerships with sovereign funds and institutions in countries including Qatar and Turkey. Further deals have previously been agreed with Brunei, Uzbekistan, India, Vietnam, Spain, Pakistan China and Azerbaijan.
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