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$500 million joint investment fund from OYAK and Oman Investment Authority

OYAK announced that it has established a joint investment fund of 500 million dollars with the Oman Investment Authority (OIA), the investment arm of the Sultanate of Oman.

$500 million joint investment fund from OYAK and Oman Investment Authority

According to the statement made by OYAK, the institution established a 500-million-dollar investment fund with the Oman Investment Authority, the investment arm of the Sultanate of Oman.

Both institutions will contribute $250 million to the fund. The fund will focus on strategic investments not only in Türkiye but also in different regions of the world.

General Manager of OYAK Süleyman Savaş Erdem stated that this partnership is an indication of the trust to their institutions and Türkiye. Erdem said, “We continue our work to protect our corporate heritage, strengthen to further our financial success and provide sustainable income to our members. By increasing our overseas revenues and increasing our country's export rate by seizing growth opportunities and expanding in new markets are among our priorities."

Emphasizing that they are working to strengthen their presence in the global arena with their trust in the Turkish economy, Erdem: “The 500 million dollars fund we established jointly with the Oman Investment Authority is an indication of the trust in our country and our institution. This partnership will strengthen our global vision. We will continue to create value for all our stakeholders with our sustainable financial and operational performance and take responsibility to support our country's existence on a global scale.”

First Investment will be made in İskenderun

The first investment of the fund established within the scope of the partnership is planned to be made in İskenderun. The port, which will be built under the name "South Container Port", is aimed to meet the logistics needs in the region and be a gateway for Oman Investment Authority's worldwide investments.

The Power of Oman Investment Authority

Oman Investment Authority, which has assets of $51 billion, operates in more than 50 countries around the world in multiple sectors such as industry, energy, mining, logistics and tourism. President Abdulsalam bin Mohammed Al-Murshidi stated that this partnership is a crucial step to strengthen national economies.

This strategic cooperation aims to increase the effectiveness of the two countries in the global arena and strengthen their economic ties.

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