The Oman Investment Authority (OIA) has signed an agreement to acquire stakes in two Turkish companies through the Turkish-Omani Investment Company established under the joint Omani-Turkish fund.
The companies are Samas Mining, a producer of sodium bentonite, and Tektron, a manufacturer of remotely piloted ground military equipment.
The agreement with Samas Mining focuses on the development of sodium bentonite production, a material with strategic industrial applications used across sectors, including oil and gas, industrial manufacturing, and medical and cosmetic products.
The investment is expected to support expansion in production capacity and strengthen supply chain access for related industries.
The agreement with Tektron aims to diversify the Oman Investment Authority’s investment portfolio by entering sectors with strategic and technological significance.
The company is engaged in the design and production of remotely piloted ground military systems in Ankara, Türkiye.
Ibrahim bin Saeed Al Isri, Head of Private Markets Investments at the Oman Investment Authority, said that the investment reflects OIA’s approach to activating the Omani dimension in international investments, in alignment with national priority sectors including oil and gas, industry, logistics, and defense-related technologies.
Samas Mining operates the Tokat bentonite deposit in Türkiye, one of the few remaining large reserves of sodium bentonite globally.
Image via ONA | Cropped by GBN
The deposit is expected to support production for approximately 200 years. The agreement also targets an increase in production capacity from 160,000 tons annually to more than 300,000 tons annually. It is expected to provide Oman with priority access to the material for industrial applications.
Tektron develops and manufactures remotely piloted ground systems in Ankara, with applications in surveillance, border security, and military logistics.
The investment is expected to support potential technology transfer opportunities and explore possibilities for localizing related capabilities in Oman.
The Turkish-Omani Investment Company was established in 2025 under the Omani-Turkish Joint Fund as a partnership between the Oman Investment Authority and the Turkish state-affiliated fund OYAK, with a capital of $500 million, equally contributed by both sides.
The fund focuses on promoting joint investments, technology transfer, and sectoral diversification across mining, logistics, industry, agriculture, and renewable energy.
