Oman Investment Authority to expand investments in Kazakhstan after Solidcore Resources stake

September 10, 2026 at 11:00 AM1 min

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Oman Investment Authority (OIA) President Abdulsalam Mohammed Al-Murshidi said the sovereign fund plans to expand investments in Kazakhstan and in gold miner Solidcore Resources. He cited Kazakhstan's predictable, rules-based environment and President Kassym-Jomart Tokayev's commitment to partnership with Oman. The statement follows Al-Murshidi's appointment as chairman of Solidcore Resources on June 1, 2026.

Key Facts

Oman Investment Authority President Abdulsalam Mohammed Al-Murshidi became chairman of Solidcore Resources on June 1, 2026.
Oman's first investment project in Kazakhstan was launched in 1992 as a shareholder in the Caspian Pipeline Consortium.
Al-Murshidi said Oman intends to increase investments in both Solidcore Resources and Kazakhstan.
He cited Kazakhstan's predictable, rules-based environment and President Kassym-Jomart Tokayev's personal commitment to partnership with Oman.

Oman's Investment Strategy

Oman Investment Authority views Kazakhstan as part of a broader regional strategy for Central Asia. Al-Murshidi said Oman and Central Asia are natural partners and the current engagement is the first step of a wider strategy. The fund's first investment in Kazakhstan was a stake in the Caspian Pipeline Consortium in 1992. For 30 years, that remained Oman's only major investment project in Kazakhstan.

Kazakhstan's Investment Climate

Al-Murshidi credited reforms and consistent policy under President Kassym-Jomart Tokayev for creating a predictable, rules-based environment. He highlighted investor protection, rule of law, and functioning financial institutions such as the Astana International Financial Centre and the AIX exchange. Al-Murshidi said the scale of new sovereign investment is proportional to how well existing investments are protected. He stated that Kazakhstan demonstrates the necessary respect for sovereign investments, prompting Oman to talk about expansion rather than maintaining positions.