During his visit to Oman, President Recep Tayyip Erdoğan met with Sultan Haitham bin Tariq of Oman to strengthen cooperation and economic relations between the two countries. In the course of these high-level meetings, the delegations of OYAK and the Oman Investment Authority signed four agreements. Within the scope of the agreements that formalized the strategic partnership between OYAK and the Oman Investment Authority, concrete steps will be taken in the areas of mining, agri-food, and information technologies. Accordingly, on October 23, 2025:
• A Share Acquisition Preliminary Agreement was signed regarding the transfer of minority shares of Samaş Sanayi Madenleri A.Ş., an OYAK subsidiary operating in bentonite mining, to OYAK Turkoman Yatırım A.Ş. (TOI), a joint venture established by OYAK and the Oman Investment Authority.
• In the agriculture sector, a Share Acquisition Preliminary Agreement was signed providing for a minority investment by Uzbek-Oman Investment Company LLC, a fund established jointly by the OIA and the Uzbekistan Reconstruction and Development Fund, into Hektaş Asia LLC, an OYAK subsidiary founded in Uzbekistan to develop plant protection and nutrition products.
• In the food industry, a Cooperation Agreement was signed between OYAK Gıda ve Tarım Holding A.Ş., OYAK’s umbrella organization in the food sector, and Oman Food Capital, the parent company managing OIA’s food investments, to explore opportunities for collaboration and exchange of know-how in different geographies.
• Within the framework of strategic cooperation in information technologies, another Cooperation Agreement was signed between Innovance Bilgi Teknolojileri A.Ş., a subsidiary of OYAK, and Oman Datapark, a telecom-sector affiliate of the Oman Investment Authority, to develop various business partnerships.
Stating that the investment fund, worth a total of USD 500 million, with OYAK and the Oman Investment Authority (OIA) each committing USD 250 million, will strengthen economic cooperation between Türkiye and Oman, OYAK General Manager Murat Yalçıntaş said, “This strategic partnership will also create a long-term and multifaceted cooperation platform between OYAK and the Oman Investment Authority. The established partnership is also a result of our strategy to leverage international connections in order to diversify OYAK’s portfolio and secure long-term, innovation-driven growth.”
Emphasizing that the four agreements mark the formalization of the strategic cooperation between OYAK and the Oman Investment Authority, Yalçıntaş continued: “These agreements, which will contribute to OYAK’s expansion of international investments, will not only strengthen OYAK’s position as a strong and reliable player on the global investment platform but will also bring foreign capital inflows into our country. The cooperation with the Oman Investment Authority will enable mutual knowledge sharing across various fields such as mining, ports, agriculture, and food, benefiting from OIA’s experience across diverse sectors and geographies. These agreements will also constitute an important component of our long-term growth and innovation strategy.”
