AIH and Oman Investment Authority sign agreement on establishment of Direct Investment Fund

A Shareholders’ Agreement on the establishment of the Azerbaijan-Oman Direct Investment Fund has been signed between Azerbaijan Investment Holding (AIH) and Oman Investment Authority (OIA) during the visit of the delegation led by the Minister of Economy of the Republic of Azerbaijan Mikayil Jabbarov to the Sultanate of Oman.

The Joint Fund’s operation will enhance bilateral investment cooperation and drive economic development in both countries by implementing strategic investment projects across Azerbaijan, Oman, Central Asia, and other regions. These projects will span multiple sectors, including the food industry, healthcare, renewable energy, consumer goods, and logistics.

The fund’s initial capital has been set at 200 million USD. This amount will be provided equally, with 100 million USD to be contributed by AIH and 100 million USD by OIA.

It was noted at the signing ceremony for the establishment of the Azerbaijan-Oman Direct Investment Fund that cooperation between Azerbaijan and the member states of the Gulf Cooperation Council has expanded significantly in recent years. The partnership between Azerbaijan, a gateway to the Caspian and Central Asian regions, and Oman, which maintains strong ties with the Gulf and African regions, is forming a new economic synergy.

It was highlighted that the Fund's activity will enhance the implementation of successful projects by coordinating the experience and capabilities of the two countries' sovereign investment institutions.