Oman, Türkiye explore investment opportunities
The meeting discussed ways to activate joint investments between the two sides under the Oman-Türkiye Joint Fund, exploring high-return growth opportunities in promising sectors that serve the economic interests of both countries, strengthen bilateral relations, and localize technology and expertise in domestic markets.
Discussions also focused on enhancing investment cooperation with OYAK, the Turkish sovereign wealth fund, under the Oman-Türkiye Joint Investment Fund—established with equal contributions from both sides and a capital of USD 500 million.
The fund primarily targets investments in Oman and Türkiye, along with strategic global opportunities, particularly in mining and metals, automotive manufacturing, logistics, chemicals, agriculture and food, and energy sectors.
This partnership aligns with OIA's expansion and growth strategy to strengthen its international investment network and establish high-value partnerships that benefit the national economy.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Times of Oman
42 minutes ago
- Times of Oman
Oman, Philippines sign visa waiver for diplomatic, special, service passports
Manila: The Sultanate of Oman and the Republic of the Philippines today signed a mutual visa waiver agreement for holders of diplomatic, special, and service passports. The move reaffirms the bonds of friendship between the two countries and the two countries' keeness to explore avenues to enhance cooperation and partnership across economic and scientific fields. The agreement was signed during a meeting between Sayyid Badr bin Hamad Al Busaidi, Foreign Minister, and Maria Theresa Lazaro, Secretary of Foreign Affairs of the Philippines, in Manila. Both sides agreed to pursue efforts to sign several memoranda of understanding and agreements that would strengthen bilateral cooperation. The two ministers also agreed to hold the second Oman-Philippines Investment Forum in Muscat next year to foster sustainable economic ties. On the political front, the two sides exchanged views on regional issues of mutual interest, including consultations on knowledge exchange, skills development, and strengthening partnerships between ASEAN and the GCC. Maria Theresa Lazaro, Secretary of Foreign Affairs of the Philippines expressed profound gratitude for Oman's humanitarian efforts, which recently led to the release of several sailors from the MV Galaxy Leaders in Yemen. She also commended the wise and balanced foreign policy of His Majesty Sultan Haitham bin Tarik and the fair treatment of Filipino workers in Oman. Additionally, she welcomed the outcomes of the successful Oman-Cebu Investment Forum and expressed interest in supporting further private-sector initiatives to leverage available investment opportunities. For his part, Sayyid Badr appreciated the remarks of the Philippine Foreign Secretary, emphasizing the shared values and friendship that continue to grow in service of mutual interests and common prosperity. The meeting was attended by Eng. Nasser bin Said Al Manouri, Oman's Ambassador to the Philippines; Raul Hernandez, the Philippine Ambassador to Oman; and several officials from both sides.
Times of Oman
an hour ago
- Times of Oman
Oman's central bank issues treasury bills worth OMR10.25 million
Muscat: Oman's central bank has issued treasury bills worth OMR10.25 million on Monday. The value of the allotted Treasury bills amounted to OMR10.25 million, for a maturity period of 91 days. The average accepted price reached OMR98.941 for every OMR100, and the minimum accepted price arrived at OMR98.930 per OMR100. The average discount rate and the average yield reached 4.24871% and 4.29421%, respectively. Treasury Bills are short-term highly secured financial instruments issued by the Ministry of Finance, and they provide licensed commercial banks the opportunity to invest their surplus funds. The Central Bank of Oman (CBO) acts as the Issue Manager and provides the added advantage of ready liquidity through discounting and repurchase facilities (Repo). It may be noted that the interest rate on the Repo operations with CBO is 5.00% while the discount rate on the Treasury Bills Discounting Facility with CBO is 5.50%.
Times of Oman
2 hours ago
- Times of Oman
Forum focuses on activating SME participation
Muscat: The Projects, Tenders and Local Content Authority on Monday organised an expanded dialogue forum bringing together numerous entrepreneurs from various sectors. This initiative comes within the authority's efforts to stimulate and enhance private sector participation in government projects and contracts, thereby supporting the national economy and maximising these institutions' contributions to development. The forum is part of a series of national initiatives aimed at activating widespread SME participation in developmental projects and increasing their contribution to GDP. This reinforces economic sustainability goals and strengthens public-private partnership values. The event reflects the authority's commitment to direct engagement with business owners through open dialogue discussing key proposals and challenges to improve the tendering environment. This approach aims to develop relevant policies and procedures, ensuring fair access to public tender opportunities while enhancing businesses' growth and expansion capabilities.
