Strategic
Partnership Signed to Establish Joint Investment Fund Between Oman, Azerbaijan

Muscat,
8 Oct (ONA) — The Oman Investment Authority (OIA) today signed a strategic
partnership with Azerbaijan Investment Holding (AIH)—responsible for managing
and developing Azerbaijan’s state-owned enterprises and investments—to
establish a Joint Investment Fund valued at RO 77 million, equally split
between the two countries. This reflects a balanced commitment to building
long-term partnerships.

The
Fund targets investments in diverse sectors, including food industries, the
industrial sector, renewable energy, logistics, healthcare, and the consumer
sector.

It
also aims to launch projects with developmental impact in both countries,
contributing to income diversification and enhancing in-country value (ICV), in
line with the objectives of Oman Vision 2040 to achieve a diversified and
sustainable economy.

The
strategic partnership was signed on the sidelines of a high-level Azerbaijani
delegation’s visit to the Sultanate of Oman, which was headed by Mikayil
Jabbarov, Minister of Economy of Azerbaijan, and included a group of officials
and businessmen.

The
agreement was signed on the Omani side by Nasser Suleiman Al Harthy, Vice
President for Operations at Oman Investment Authority, and on the Azerbaijani
side by Ruslan Alikhanov, CEO of Azerbaijan Investment Holding.

Abdulsalam
Mohammed Al Murshidi, Chairman of the Oman Investment Authority, explained that
the new strategic partnership with the Republic of Azerbaijan embodies the OIA’s
direction toward expanding its network of foreign investments by entering into value-added,
qualitative partnerships. These efforts support Oman’s economic diversification
goals and provide an opportunity to transfer modern technologies to local
sectors.

He
added that this partnership reflects the growing confidence in Oman’s role as a
trusted investment partner. Through it, the OIA will continue to explore
promising opportunities with international partners to maximize the
developmental impact of its investments and achieve added value for the
national economy.

For
his part, Ruslan Alikhanov, CEO of Azerbaijan Investment Holding, stated that
the creation of the joint investment fund between the OIA and AIH strengthens
bilateral relations through sustainable investments and future visions that
contribute to achieving lasting value for the economies of the Sultanate of
Oman and the Republic of Azerbaijan.

These
strategic partnerships underscore the OIA’s commitment to reinforcing its
international investment network and attracting value-added opportunities. This
supports the national agenda and establishes Oman’s position as a regional hub
for attracting qualitative investments and an engine for sustainable economic
growth. It also reflects the OIA’s eagerness to build long-term alliances with
global institutions that contribute to knowledge and technology transfer,
supporting economic diversification through projects that enhance ICV, create
job opportunities, and broaden the production base in promising sectors. This
reinforces the OIA’s role as a strategic investment partner both regionally and
internationally and enhances the competitiveness of the Omani economy across
its various sectors.

It
is worth noting that the signing of this partnership is an extension of the
OIA’s role in establishing joint investment funds with counterparts in Arab and
foreign countries and with global companies, including the Omani-Turkish Joint
Fund, in addition to partnerships with Qatar, Brunei, Uzbekistan, India,
Vietnam, Spain, Pakistan, and the People’s Republic of China.

—Ends/AG