Azerbaijan, Oman agree to launch $200-million investment fund PHOTO

Baku and Muscat have signed a shareholder agreement to establish a direct investment fund, Economy Minister of Azerbaijan Mikayil Jabbarov wrote in a post on X.

“Within the framework of our working visit to the Sultanate of Oman, a Shareholders’ Agreement was signed between the Azerbaijan Investment Holding and the Oman Investment Authority on the establishment of the Azerbaijan–Oman Direct Investment Fund, with a total value of 200 million USD,” Caliber.Az cites the minister as saying in the post.

Jabbarov said the Fund will serve as an important platform for enhancing bilateral investment cooperation and promoting economic growth in both countries.

“It [the Fund] will focus on implementing strategic investment projects across Azerbaijan, Oman, Central Asia, and other regions in key sectors such as the food industry, healthcare, renewable energy, consumer goods, and logistics,” Jabbarov added.

By Khagan Isayev