The Oman Investment Authority (OIA) and Uzbekistan's government joint investment company UzOman have acquired a 33.3% stake in Hektaş Asia LLC, Hektaş's investment in Uzbekistan, for a capital increase of 24.9 million USD.

OYAK has initiated a new collaboration to strengthen its investments in Central Asia as part of its ongoing strategic partnership with the Oman Investment Authority (OIA).

In this context, UzOman Investment Company, established by OIA and the Uzbekistan government, has acquired a 33.3% stake in Hektaş Asia LLC, which is currently constructing a high-tech agricultural chemicals factory in Uzbekistan.

According to the announcement, the collaboration reflects the joint strategic vision of the company and OIA for developing industry in emerging markets, strengthening regional integration, and producing lasting economic value.

The project, implemented in the Uzbek-Turkish Organized Industrial Zone in Tashkent, aims to contribute to regional food supply security through high-tech agricultural chemicals production and to enhance local production and export capacity in Central Asia.

Sustainable profitability and contribution The collaboration, which stands out as an important step in the company's long-term value creation vision in international markets, was formalized at a signing ceremony held in Istanbul.

The agreement was signed by Hektaş General Manager Enis Emre Terzi and UzOman Investment Director Mohammed Al Abri.

Speaking at the signing ceremony of the partnership agreement, OYAK General Manager Murat Yalçıntaş stated, "As a company, we prioritize projects that provide direct investment and financing from abroad, creating added value.

While securing foreign resources through the Hektaş Asia partnership, having the majority stake in Hektaş is a strategic gain.

This investment will contribute to the company's sustainable profitability and also supports our goal of creating long-term and stable returns for OYAK and our members." Central Asia growth vision Yalçıntaş emphasized that UzOman's partnership with Hektaş Asia reflects OYAK's global growth approach, stating: "This significant investment, implemented by Hektaş Asia LLC in Uzbekistan, one of the fastest-growing economies in Central Asia, strengthens the company's international production and export capacity while directly supporting OYAK's long-term investment strategy that creates regional impact.

This investment is not just a production facility; it is a concrete reflection of an integrated industrial approach centered on knowledge, technology, and human resources.

As a company, we focus on projects that support local development, strengthen regional integration, and produce lasting economic value in every geography we operate.

This project is also one of the key building blocks of our growth vision in Central Asia." Omar Bahram, CEO of UzOman Investment Company, also highlighted the strategic importance of the collaboration for Uzbekistan, stating, "We are pleased to collaborate with the company to localize advanced agricultural input production in Uzbekistan through UzOman.

This investment will support food security, reduce import dependency, and position Uzbekistan as a regional center for agricultural solutions in Central Asia." Producing long-term and lasting value Hektaş General Manager Enis Emre Terzi also stated that Hektaş positions Central Asia as one of its priority geographies for growth and international expansion, emphasizing that Uzbekistan holds a special place in this strategy.

Terzi expressed that with the international financing contribution received, the company aims to be an effective player focused on producing long-term and lasting value in the global agricultural ecosystem.

Under the agreement, UzOman Investment Company and Hektaş will focus on local production of plant protection products and organo-mineral fertilizers through Hektaş Asia LLC operating in Uzbekistan.

Regional production and export focus The facility, which is under construction on approximately 100 hectares in the Uzbek-Turkish Organized Industrial Zone near Tashkent, is planned to be operational by 2027.

The investment is designed to support exports not only to the domestic market but also to neighboring Central Asian countries, aligning with the company's goal of creating highly competitive industrial investments on a regional scale.