MARKING ITS NINTH STRATEGIC PARTNERSHIP WITH GLOBAL WEALTH FUNDS
MUSCAT, Oman, Nov. 29, 2024 /PRNewswire/ -- As part of His Majesty Sultan Haitham bin Tarik's state visit to the Republic of Türkiye, Oman Investment Authority (OIA), Oman's Sovereign Wealth Fund, announced a US$500 million collaboration with Türkiye's state-owned OYAK Fund. This joint capital allocation, with equal contributions from both entities, underscores Oman's commitment to strengthening economic ties with global partners while advancing mutual growth and development.
This partnership will focus on investments in Oman and Türkiye, with prospects for expansion into other international markets.This initiative further reinforces OIA's ongoing strategy to establish high-value investment alliances that deliver significant financial and strategic returns.
H.E. Abdulsalam bin Mohammed Al Murshidi, President of the Oman Investment Authority, stated: "We have built a global reputation and sufficient expertise to form impactful partnerships that bring tangible benefits to Oman's economy. This latest collaboration with OYAK Fund seamlessly aligns with our strategic objectives to expand our investment network and secure meaningful returns."
OYAK General Manager Süleyman SavaÅŸ Erdem added, "The joint fund we have established with the Oman Investment Authority is an indication of the trust in our country and our corporation. With this fund, we will be making investments in strategic areas not only in both countries, but also in different regions of the world. This partnership will strengthen our vision of being a global company."
OYAK Fund brings significant resources and expertise to this collaboration, enhancing its potential to drive economic growth in both countries. Key industries targeted for investment include mining, metals, automotive manufacturing, logistics, chemicals, agriculture, food production, and energy. It also aims to facilitate technology transfer and localize expertise in Oman, fostering capacity building and knowledge sharing.
This agreement marks OIA's ninth strategic partnership with global entities, building on successful collaborations with Saudi Arabia, Qatar, Spain, Brunei Darussalam, Vietnam, Uzbekistan, Pakistan, and India. These alliances have delivered positive outcomes, such as new investments, profitable exits, and increased capital allocations. The authority's growing portfolio underscores its pivotal role in driving Oman's economic diversification and international economic diplomacy.
By leveraging the expertise and resources from trusted international partners, OIA continues to pave the way for sustained economic growth and prosperity for the Sultanate of Oman.
Contact:
For more information, please contact:
Fahad Al Toubi, Senior Specialist - Media Relations
+968 92155655
Fahad.AlToubi@oia.gov.om
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
OIA ANNOUNCES A US$500 MILLION STRATEGIC COLLABORATION WITH TÜRKIYE'S OYAK FUND
SINGAPORE, Nov. 29, 2024 /PRNewswire/ -- The esteemed Golden Bull Award, a hallmark of excellence and leadership in the business community, proudly unveils its latest cohort of honorees—20 exemplary Singaporean businesses that capture the diverse and dynamic spirit of the nation's SMEs. This year's award celebrates these organisations for their outstanding performance, pioneering innovation, and unwavering resilience in navigating challenges.
These honorees were selected through a rigorous evaluation process, with criteria encompassing financial performance, strategic initiatives, market competitiveness, and sustainable business practices, underscoring their role as benchmarks of excellence within Singapore's business landscape.
Organizing Chairman, Datuk William Ng, remarked, "This year's Golden Bull Award has been a remarkable showcase of the strength and potential of SMEs. The increased participation and exceptional calibre of nominations reflect the unwavering entrepreneurial spirit and dedication to excellence in our business community. We are proud to honor the achievements of these outstanding businesses and look forward to their continued contributions to Singapore's economic success. Together, we are paving the way for a brighter, more prosperous future."
The Golden Bull Award is structured into three categories: Emerging SMEs, Outstanding SMEs, and the prestigious Super Golden Bull Award. These categories allow for recognition tailored to companies at various stages of growth, based on their annual revenue, ensuring a comprehensive and equitable assessment.
New to this year, the Distinguished Bull Award was introduced to honor returning Golden Bull Award winners who have demonstrated substantial progress or expanded their market presence since their previous recognition. Four distinguished SMEs were acknowledged for their sustained growth and success in this special category.
Baker Tilly Singapore served as the official auditor for the Golden Bull Award, ensuring transparency and integrity throughout the selection process.
Established in 2003, the Golden Bull Award is the longest-standing SME recognition program in the region, encompassing four key markets: mainland China, Malaysia, Singapore, and Taiwan (China). Over the years, it has become a premier platform for celebrating business excellence across these diverse regions.
For further details about the Golden Bull Award Singapore 2024 and the complete list of winners, please visit https://goldenbullaward.asia/
LIST OF WINNERS OF THE GOLDEN BULL AWARD 2024 IN ALPHABETICAL ORDER
GOLDEN BULL AWARDS
DISTINGUISHED BULL AWARDS
DIGITAL TRANSFORMATION AWARDS
About Business Media International
Business Media International is a subsidiary of Audience Analytics Limited (1AZ.SG), a regional leader in promoting growth for companies in Asia through data-driven brands and initiatives. BMI owns renowned media brands such as SME Magazine, HR Asia, Capital Asia, Energy Asia, Logistics Asia, TruthTV, and CXP Asia as well as business impact assessment brands such as SME100, HR Asia Best Companies to Work for in Asia, Golden Bull Awards and CXP Asia Best Customer Experience Awards. BMI also organises various exhibitions and has the proprietary software-as-a-service — Total Engagement Assessment Model – in its portfolio.
Media Contact:
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Business Media International
Mobile No.: 012-2692701
Email: adrian@businessmedia.asia.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Golden Bull Award 2024 Raises the Bar, Celebrates Singapore's Dynamic Businesses for Excellence and Growth
