Mongolia’s Prime Minister Zandanshatar Gombojav welcomed Abdulsalam bin Mohammed Al Murshidi, President of the Oman Investment Authority (OIA), for an important meeting. During their discussion, both leaders focused on strengthening Sovereign Wealth Fund cooperation and expanding investment ties between Mongolia and Oman.
Prime Minister Zandanshatar emphasized the growing partnership between the two countries. He highlighted Mongolia’s desire to deepen collaboration in trade, economic development, investment, mining, and agriculture. Furthermore, he introduced Mongolia’s National Sovereign Wealth Fund, signaling the country’s commitment to enhancing its financial management systems. He also proposed learning from OIA’s experience and expertise.
The Oman Investment Authority manages Oman’s sovereign wealth, investing revenues from oil and natural gas. Given its success, Mongolia aims to adopt similar best practices. Consequently, both parties agreed to start working together on the development of Mongolia’s Sovereign Wealth Fund, aligning it with global standards.
Moreover, the Prime Minister underscored Mongolia’s vast natural resources, including renewable energy potential. He invited Oman to explore investment opportunities across these sectors. Additionally, he shared Mongolia’s government policies designed to attract foreign investments, especially focusing on mineral exploration as a key economic driver.
Abdulsalam bin Mohammed Al Murshidi presented an overview of OIA’s priorities and operations. He expressed readiness to launch joint initiatives with Mongolia, particularly in mining, agriculture, and renewable energy. This collaboration promises mutual benefits and supports sustainable economic growth for both nations.
In conclusion, the meeting marked a significant step in enhancing Sovereign Wealth Fund cooperation and investment relations between Mongolia and Oman. Both sides appear committed to fostering long-term partnerships and sharing expertise for future prosperity.
