UzOman Investment Company and Hektaş from Türkiye Sign Strategic Investment Agreement to Establish Agro-Chemicals Manufacturing Facility in Uzbekistan

UzOman Investment Company, the joint investment platformbetween the Oman Investment Authority (OIA) and the Government of the Republicof Uzbekistan, has signed a strategic investment agreement with Hektaş TicaretT.A.Ş., Türkiye’s leading agricultural inputs company, to establish astate-of-the-art agro-chemicals manufacturing facility in Uzbekistan.

The project represents a continuation and strengthening ofthe long-standing partnership between the Oman Investment Authority and OrduYardımlaşma Kurumu (OYAK), Türkiye’s largest complementary pension fund and themajority shareholder of Hektaş, reflecting a shared vision to promoteindustrial development, regional integration, and sustainable long-term valuecreation.

Investment Structure
The project will be developed with a total planned investment of approximatelyUSD 75 million. UzOman Investment Company will invest up to USD 25 million as aminority equity partner, while Hektaş will invest approximately USD 50 millionas the strategic and operating partner. The facility will be located in theTashkent region, within the Uzbek-Turkish industrial cluster, and is expectedto commence commercial operations in 2027.

Project Scope and Capacity
The manufacturing facility will focus on the local production of advancedagricultural inputs, including plant protection products such as herbicides,insecticides, fungicides, and other crop protection formulations, as well asorgano-mineral fertilizers designed to improve soil health and agriculturalproductivity. The plant will incorporate modern production lines, formulationand packaging units, quality control laboratories, and environmentallycompliant systems in line with international standards.

Strategic Importance
Beyond its industrial and commercial impact, the project holds strategicimportance for both Uzbekistan and the Sultanate of Oman. For Uzbekistan, itsupports agricultural modernization and reduces reliance on importedagricultural inputs. For Oman, the project aligns with national food securityobjectives, as Uzbekistan is considered one of the potential sourcing countriesfor fruits and vegetables, contributing to diversified, reliable, and resilientfood supply chains.

Management Commentary
Commenting on the signing, Mr. Omar Bahram, Chief Executive Officer of UzOmanInvestment Company, stated that the project reflects the continued strength ofthe strategic partnership between the Oman Investment Authority and OYAK, andunderscores UzOman’s commitment to supporting food security, industrialdevelopment, and long-term value creation through international partnerships.

About UzOman Investment Company
UzOman Investment Company is a joint investment platform established by theOman Investment Authority and the Government of the Republic of Uzbekistan,mandated to invest in strategic sectors, facilitate international partnerships,enable knowledge transfer, and support sustainable economic development.

About Hektaş and OYAK
Founded in 1956, Hektaş Ticaret T.A.Ş. is one of Türkiye’s leading agriculturalinputs companies, specializing in plant protection products, fertilizers, andseeds. Hektaş is majority owned by Ordu Yardımlaşma Kurumu (OYAK), Türkiye’slargest complementary pension fund, which operates with a long-terminstitutional investment philosophy across multiple sectors and geographies.

‍

‍