Uzbek-Oman Investment Company

What Uzbek-Oman Investment Company does

Uzbek-Oman Investment Company (UzOman) is a bilateral sovereign private equity platform established in 2009 under a Presidential Decree and formally incorporated in 2010. It is jointly owned by Oman Investment Authority (75%) and the Uzbekistan Fund for Reconstruction and Development (25%), with total committed capital of US$500 million and a Net Asset Value of US$300 million. Positioned as the first foreign direct private equity investor in Uzbekistan, the fund deploys capital through significant minority equity stakes of 21–49%, with individual investments ranging from US$5 million to US$50 million over a 5–8 year holding horizon.

The fund operates a diversified portfolio across seven sectors: logistics and transport infrastructure, retail and consumer, real estate and business centres, financial services, education, hospitality, and tourism. As of 2025–2026, the active portfolio comprises 15 companies, including Universal Logistics Services (Uzbekistan's largest dry-port terminal with 120,000 TEU capacity), the Korzinka supermarket chain, Riviera Mall, Samarqand Darvoza, Compass Mall, UzOman Tower and Simurg business centres, Uzbek Leasing International, Temiryol Sugurta, the American University of Technology, and the Ramada Encore Hotel. The logistics assets collectively capture approximately 20–25% of Uzbekistan's railway container traffic, anchoring the fund's infrastructure footprint. Seven investments have been fully exited to date.

UzOman's business model combines direct private equity deployment with co-investment alongside sovereign, strategic, and venture partners — most recently Asyad Group (Oman), Orient Group, Hektaş, and Golden Gate Ventures. Returns are generated through dividend income (certain holdings carry a minimum 50% net-profit distribution mandate through 2030), capital gains on exits, and asset management and advisory fees. Deal sourcing is facilitated through bilateral government channels, including the Uzbekistan–Oman Intergovernmental Commission and the Tashkent International Investment Forum, giving the fund preferential access to state-aligned counterparties that third-party investors must compete to obtain.

Name

Uzbek-Oman Investment Company

Legal name

Uzbek-Oman Investment Company LLC

Website

https://uzoman.uz

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

Uzbek-Oman Investment Company is a bilateral sovereign private equity fund jointly owned by Oman Investment Authority (75%) and Uzbekistan's Fund for Reconstruction and Development (25%), deploying US$500M in committed capital across 7 sectors and 15 active portfolio companies in Uzbekistan.

Ownership category

akta.pro rank

Headquarters

HQ city

Tashkent

HQ country

Uzbekistan

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Private Equity Investment Returns: Long-term capital growth through equity investments in Uzbekistan companies, generating returns via value creation, portfolio company performance, and eventual exits through trade sales, IPOs, or secondary transactions.
2. Dividend Income: Portfolio companies distribute dividends (minimum 50% of net profit mandated through 2030 for certain holdings), providing recurring income stream to the fund.
3. Asset Management Fees: Management and advisory services for invested portfolio companies, providing operational expertise and support.

Pricing tiers

Go-to-market motion3 records

Distribution channels1 record

Marketing channels5 records

Core offering

Uzbek-Oman Investment Company is a bilateral sovereign private equity fund that makes minority equity investments (21-49% stakes) of US$5-50 million in Uzbekistan-based companies across logistics, retail, real estate, financial services, education, and hospitality sectors. The firm deploys committed capital of US$500 million from its two sovereign shareholders and generates returns through portfolio company growth, dividends, and exits via trade sales, IPOs, or secondary transactions.

Product overview

Uzbek-Oman Investment Company (UzOman) is a bilateral sovereign investment platform and the first private equity fund in Uzbekistan, established in 2009 as a joint venture between Uzbekistan Fund for Reconstruction and Development (UFRD) and Oman Investment Authority (OIA). The company operates as a diversified investment portfolio management platform rather than a unified product with modules. Its investment portfolio spans multiple sectors including retail/shopping malls (Riviera Mall, Samarqand Darvoza, Compass Mall), real estate/business centers (UzOman Tower, Simurg Business Center, Business Park), logistics (Universal Logistics Services, Highway Logistics Center, Chuqursoy Logistics Center), hospitality (Ramada Encore hotel), financial services (Uzbek Leasing International, Temiryol Sugurta), and education (American University of Technology in Tashkent). The company manages approximately $300 million in assets and maintains a significant minority ownership position (21-49%) in portfolio companies, with investment sizes ranging from $5 million to $50 million over 5-8 year periods.

Differentiator

Problem solved

Functional benefit

Products and services

• Private Equity Investment Program Direct minority equity investments of US$5-50 million in Uzbekistan-based companies, with 21-49% ownership stakes held for 5-8 year investment periods. Targets strategic sectors including logistics, retail, real estate, financial services, hospitality, and education.
• Co-Investment Partnerships Joint investment partnerships with sovereign wealth funds, local investment companies, and international partners to deploy capital in Uzbekistan's strategic sectors, including co-investments with Oman Investment Authority, Orient Group, and Hektaş.
• Portfolio Asset Management & Advisory Management and advisory services for invested portfolio companies, providing operational expertise, strategic guidance, and support across logistics, retail, real estate, financial services, hospitality, and education sectors.

Quantifiable outcome

• US$200 million+ invested into Uzbek economy across 12+ portfolio companies
• +3 more outcomes

Named customers13 records

Segments6 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered flagship and core.

• Golden Gate VenturesflagshipStrategic or Co-development Partner · 18 June 2026Singapore-based venture capital firm opened new office in Uzbekistan as part of partnership with UzOman, operating through their Qatar-based fund investing in fintech, AI, and clean energy sectors. Signed MoU with IT Park and its venture arm to develop entrepreneurship programs and co-invest in local companies. First dedicated VC base in Central Asia, signaling growing global investor interest.
• IT Park UzbekistancoreStrategic or Co-development Partner · 18 June 2026Uzbekistan's IT Park and its venture arm partnered with Golden Gate Ventures (facilitated by UzOman) to develop entrepreneurship programs and co-invest in local technology companies in Uzbekistan.
• Asyad GroupcoreStrategic or Co-development Partner · 3 June 2026Asyad Group, Oman's integrated logistics group, acquired controlling stake in Uzbekistan's Universal Logistics Services (ULS) and Highway Logistics Center (HLC) in partnership with Orient Group and UzOman. Transaction establishes direct logistics bridge between Oman and Central Asia, linking Oman's ports to Central Asia, China, Europe. Asyad targets approximately 25% market share in Uzbekistan's railway container traffic.
• Orient GroupcoreStrategic or Co-development Partner · 3 June 2026Local Uzbek partner in Asyad Group transaction for acquisition of controlling stake in ULS and HLC logistics platforms. Transaction executed in partnership with UzOman facilitating Omani investment into Uzbekistan's logistics sector.
• Hektaş Ticaret T.A.Ş.flagshipStrategic or Co-development Partner · 3 February 2026Strategic investment agreement signed to establish agro-chemicals manufacturing facility in Uzbekistan with total investment of approximately USD 75 million. UzOman invests up to USD 25 million as minority equity partner; Hektaş invests approximately USD 50 million as strategic and operating partner. Facility to be located in Tashkent region within Uzbek-Turkish industrial cluster, expected to commence operations in 2027.
• Ordu Yardımlaşma Kurumu (OYAK)coreStrategic or Co-development Partner · 3 February 2026Turkey's largest complementary pension fund and majority shareholder of Hektaş. Long-standing partnership between Oman Investment Authority and OYAK strengthened through UzOman-Hehtaş agrochemicals joint venture in Uzbekistan.
• American University of Technology (AUT)coreStrategic or Co-development Partner · 18 February 2025MoU signed to foster collaboration in education and investment. AUT operates in partnership with Arizona State University, offering globally recognized curricula and dual degree options. Partnership aims to advance higher education, innovation, and economic development in Uzbekistan through research collaborations, student development programs, and industry partnerships.

Scale indicators12 records

Recent moves7 records

Expansion highlights7 records

Broad incumbents

• European Bank for Reconstruction and Development (EBRD): Multilateral development institution making direct equity and quasi-equity investments across Central Asia and emerging Europe. Comparable to UzOman as a long-term institutional investor in Uzbekistan, but with a much broader regional mandate and larger capital base.
• International Finance Corporation (IFC): World Bank Group's private-sector arm, providing growth capital, private equity, and advisory services in emerging markets including Uzbekistan. Similar in deploying minority equity stakes in strategic sectors, but with global mandate and deeper deal-flow.
• Temasek Holdings: Singapore's sovereign wealth fund and global direct investor across financial services, consumer, and infrastructure. Comparable as a sovereign-backed long-duration investor with sector-diversified approach, though operating globally at much larger scale.
• Mubadala Investment Company: UAE's sovereign wealth fund making direct equity and minority investments globally. Comparable as a sovereign-owned, diversified PE/holding platform with cross-border emerging-market exposure, though at substantially larger scale.
• Baring Private Equity Asia (EQT): Asia-focused private equity firm (now part of EQT) investing across consumer, financial services, and infrastructure in Asia. Comparable in minority-stake growth-capital model and Asia EM focus, with a much larger and more mature fund franchise.

Direct peers

• Actis: Emerging-markets-focused private equity firm with long history of direct investments across Asia, Africa, and Latin America. Comparable in fund structure, sector diversification, and emerging-market PE mandate; UzOman is a smaller, regionally focused analog.
• Helios Investment Partners: Pan-African private equity firm with multi-sector, multi-country portfolio approach. Comparable to UzOman in fund structure, sector diversification, and long-dated emerging-market PE mandate, though focused on Africa.
• Kazyna Capital Management: Kazakhstan's sovereign-backed investment vehicle operating as a private equity and direct investor across Central Asia. Most directly comparable to UzOman in mandate, regional focus, and sovereign-backing structure, though focused on Kazakhstan.
• Affirma Capital: Emerging-markets private equity firm spun out of Standard Chartered, investing across South and Southeast Asia. Comparable in fund size, control/minority flexibility, and emerging-market consumer/infrastructure focus.

Emerging players

• Asyad Group: Oman's integrated logistics group that partnered with UzOman in 2026 to acquire ULS and HLC, creating a Central Asia trade corridor. Asyad is a strategic co-investor and operating partner in UzOman's logistics platform, sharing bilateral Oman-Uzbekistan economic alignment.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/uzoman_uz
• LinkedInlinkedin.com/company/uzoman

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries13 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Uzbek-Oman Investment Company