Muscat: The Oman Investment Authority (OIA) today signed a strategic partnership with Azerbaijan Investment Holding (AIH) 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 food industries, the industrial sector, renewable energy, logistics, healthcare, and the consumer sector. It 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.
According to Oman News Agency, the strategic partnership was signed on the sidelines of a high-level Azerbaijani delegation’s visit to the Sultanate of Oman, headed by Mikayil Jabbarov, Minister of Economy of Azerbaijan, and included officials and businessmen. The agreement was signed by Nasser Suleiman Al Harthy, Vice President for Operations at Oman Investment Authority, and 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. These efforts support Oman’s economic diversification goals and provide an opportunity to transfer modern technologies to local sectors.
Mikayil Jabbarov, Minister of Economy of Azerbaijan, stated that the partnership marks a pivotal step in advancing bilateral cooperation and reflects the growing relationship between the two countries. It embodies a shared commitment to developing impactful investments in vital sectors such as food industries and renewable energy.
Ruslan Alikhanov, CEO of Azerbaijan Investment Holding, noted that the creation of the joint investment fund strengthens bilateral relations through sustainable investments and future visions that contribute to achieving lasting value for the economies of both nations.
These partnerships underscore OIA’s commitment to reinforcing its international investment network and attracting value-added opportunities. It supports the national agenda and establishes Oman’s position as a regional hub for attracting qualitative investments and an engine for sustainable economic growth.
The signing of this partnership extends 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, along with partnerships with Qatar, Brunei, Uzbekistan, India, Vietnam, Spain, Pakistan, and the People’s Republic of China.