Mongolia Commits to Expanding Economic and Investment Links with Oman

Mongolian Prime Minister Zandanshatar Gombojav has met with Abdulsalam bin Mohammed Al Murshidi, President of the Oman Investment Authority (OIA), to discuss deepening bilateral cooperation, highlighting the strong growth in the Mongolia-Oman relations and reaffirming Mongolia’s commitment to expanding partnerships in trade, economy, investment, mining, and agriculture.

He introduced Mongolia’s National Sovereign Wealth Fund and expressed a keen interest in learning from Oman’s expertise and best practices in sovereign wealth fund management, The Caspian Post reports per Kazakh media.

The Oman Investment Authority, which manages Oman’s oil and gas revenues, agreed with Mongolia on starting cooperative efforts to develop Mongolia’s sovereign wealth fund according to international standards, leveraging Oman’s experience. Both sides also explored opportunities to enhance investment cooperation.

Highlighting Mongolia’s vast land resources and abundant natural wealth, including renewable energy potential, Zandanshatar invited Omani investors to participate in Mongolia’s development. He also outlined government policies focused on attracting foreign investment, particularly in mineral exploration, as a vital sector for economic growth.

Abdulsalam bin Mohammed Al Murshidi shared insights into OIA’s priorities and expressed readiness to initiate joint projects in mining, agriculture, and renewable energy with Mongolia.

In a related regional financial development, the Asian Development Bank issued its first-ever Uzbekistan som-denominated bond and the third Mongolian tugrik bond in 2025, signaling growing capital market activities in Central Asia.