Oman-Kazakhstan MoU: What the Financial Market Partnership Means for Investors and Businesses in Oman
ASTANA, SEPTEMBER 7 — Oman and Kazakhstan have signed a memorandum of understanding (MoU) aimed at enhancing cooperation in financial regulation, sharing expertise, and developing market infrastructure. The agreement was formalized during the Astana Financial Conference in Kazakhstan.
The MoU was signed by Abdullah bin Salem al Salmi, Executive President of Oman’s Financial Services Authority, and Madina Abilkasimova, Chairperson of the Kazakh Agency for Financial Market Regulation and Development.
As part of the agreement, both countries will collaborate to support the “Tawasul” platform, a regional initiative that links stock exchanges to facilitate cross-border trading, increase market liquidity, attract international investors, and promote regional integration.
The MoU also commits Oman and Kazakhstan to exchange regulatory knowledge and conduct expert visits, support joint research and capacity building, and invest in human resource development to strengthen their legal and regulatory frameworks. Additionally, the agreement highlights the importance of fintech innovation, financial literacy, and initiatives promoting financial inclusion.
This collaboration underscores the longstanding and strong relationship between Oman and Kazakhstan, which has been reinforced through high-level visits, trade delegations, and joint projects in sectors including energy, logistics, investment, education, and tourism.
Notably, Oman’s Financial Services Authority signed a similar MoU with the Astana Financial Services Authority in 2023, further deepening bilateral ties in financial markets. — ONA
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This MoU between Oman and Kazakhstan represents a strategic leap toward regional financial integration and enhanced market liquidity, opening doors for cross-border investment opportunities. Businesses in Oman should view this as a chance to expand into Central Asian markets, leveraging improved regulatory cooperation and fintech innovations. Smart investors and entrepreneurs must now consider the rising importance of financial technology and cross-border platforms like Tawasul as critical drivers for growth and diversification.
