The Sultanate of Oman and the Republic of Kazakhstan have signed a preliminary agreement to establish a strategic investment partnership aimed at deepening economic cooperation and unlocking joint growth opportunities across key sectors.
The agreement was signed at the Prime Minister’s Office in the presence of HH Sayyid Theyazin bin Haitham Al Said, Oman’s Deputy Prime Minister for Economic Affairs, and HE Olzhas Bektenov, Prime Minister of Kazakhstan, during His Highness’s official visit to Kazakhstan.
The framework agreement sets the foundation for establishing a joint investment fund between both sides, designed to mobilize capital and develop promising opportunities in Oman and Kazakhstan.
The initiative aims to strengthen bilateral economic relations, support economic diversification, and generate sustainable long-term value through equitable participation.
Under the proposed structure, capital contributions will be shared equally between the respective investment authorities of both countries.
The fund is expected to operate as a strategic platform for investment cooperation, targeting high-potential sectors including manufacturing, healthcare, energy, logistics, mining, and consumer industries, alongside other mutually identified areas of interest.
HE Abdul Salam bin Mohammed Al Murshidi, Chairman of the Oman Investment Authority, said that, “This agreement represents a strategic step within the Authority’s approach to building quality partnerships with sovereign wealth funds and global investment institutions. This agreement establishes the Authority’s eleventh partnership with its counterparts, embodying the approach of Omani economic diplomacy as its executive arm and enhancing its international presence and opening up broader horizons for joint investment.”
Nurlan Jakupov, Chairman of the Board of Directors of Samruk Khazina Fund, highlighted the agreement as a significant step in strengthening bilateral investment cooperation.
The fund expressed intent to pursue joint investments in both existing companies and new projects across strategic industries.
The proposed investment structure will be governed by a five-member board, comprising two representatives from each side and an independent member appointed by mutual consent.
Leadership roles will rotate between the two parties to ensure balanced governance and transparent decision-making.
Officials from both countries emphasized that the partnership reflects a shared commitment to enhancing economic integration and expanding investment flows. The initiative is expected to support sustainable development objectives, strengthen market linkages, and enhance local value creation in both economies.
