Oman–Kazakhstan accords Fund, energy and AI plans

Oct 6

A separate graphic explainer reviews signed Oman–Kazakhstan documents: Eurasian Development Bank arrangements, investment protection, air transport, a business council and sectoral memoranda. It describes a joint Oman Investment Authority–Samruk-Kazyna investment partnership of US$150 million, split equally, aimed at value-added projects. A further memorandum describes a Blue City entertainment project, developer GFT, project structure and final agreements within six months. It sets out an OQ Exploration and Production–KazMunayGas framework to assess oil and gas opportunities, an O-Green–Samruk-Energy renewable-energy agreement, and a proposed bilateral AI mineral-exploration centre involving Solidcore Resources, with pilot programmes and a geological-data platform. These are agreements and planned cooperation, not completed projects; the Blue City transition and closing sentence are incomplete.

During the visit's agreement package, a term-sheet memorandum concerns the Blue City entertainment project. Oman TV describes project-company structure, GFT's developer role, branding and management arrangements and final agreements to be concluded within six months. The project is placed within the Blue City entertainment development whose master plan is being developed by Future Fund Oman with OMRAN. No completed hotel or final contract is established.