Türkiye and Oman signed 10 agreements during Sultan Haitham bin Tariq Al Said's landmark visit to the Turkish Presidential Complex in Ankara. Witnessed by President Recep Tayyip Erdoğan and the Omani Sultan, the agreements cover a range of areas, including investment, trade, culture, and health, and are expected to significantly strengthen bilateral ties.
The visit also marked a historic milestone as the first official head-of-state visit from Oman to Türkiye, further underscoring its importance in fostering closer relations between the two countries.
One of the most notable agreements finalized during the visit was a USD 500 million joint venture between the Turkish Armed Forces Assistance and Pension Fund (OYAK) and the Oman Investment Authority (OIA), the Sovereign Wealth Fund of the Sultanate of Oman. Under the terms of the partnership, each party will contribute USD 250 million to the fund, with the first investment slated for Iskenderun. The largest container port in the region will be established in Iskenderun under the name “Güney Container Port."
Among the key agreements was a Memorandum of Understanding (MoU) between the Investment Office and the Ministry of Commerce, Industry, and Investment Promotion of the Sultanate of Oman. Signed by Investment Office President A. Burak Dağlıoğlu, this agreement aims to foster investment opportunities and strengthen economic ties between the two nations.
Another MoU between the Central Bank of the Republic of Türkiye and its Omani counterpart was signed by Türkiye's Treasury and Finance Minister Mehmet Şimşek. The agreement aims to enhance cooperation in monetary policies and the development of the financial sector.
Additionally, Türkiye's Minister of Industry and Technology M. Fatih Kacır signed an MoU with Oman's Small and Medium Enterprises Development Authority to promote collaboration in entrepreneurship and the development of small and medium-sized enterprises (SMEs).
The two governments also signed an agreement on cooperation in agriculture, livestock, fisheries, and water, focusing on sustainability and food security. Another agreement on health and medical sciences aims to advance healthcare systems and promote joint initiatives in medical research and development. Labor relations were addressed through an MoU on labor and employment, which seeks to create opportunities for workforce collaboration and development.
Cultural ties were a significant focus during the visit, with an MoU signed between Türkiye's Ministry of Culture and Tourism and Oman's Ministry of Culture, Sports, and Youth. This agreement underscores the importance of cultural exchange and heritage preservation. Diplomatic relations were further strengthened through agreements on diplomatic studies and political consultations between the foreign ministries of both countries, promoting regular dialogue and enhanced cooperation in international affairs.
The agreements signed during Sultan Haitham bin Tariq Al Said's landmark visit highlight the growing partnership between Türkiye and Oman. The USD 500 million joint venture stands out as a pivotal step in this relationship and reflects a shared commitment to deepening economic and strategic collaboration for mutual benefit. The visit concluded with the adoption of a Joint Communiqué that solidified the shared vision for a strengthened partnership.