The partnership was carried out through a capital increase valued at USD 24.9 million and was formalized at a signing ceremony held in Istanbul. The agreement was signed by Hektaş CEO Enis Emre Terzi and UzOman Investment Director Mohammed Al Abri.

The project is being implemented in the Uzbek–Turkish Organized Industrial Zone in Tashkent, the capital of Uzbekistan. The high-technology agricultural chemicals facility, to be established on an area of approximately 100 hectares, is planned to become operational in 2027. The investment aims to contribute to regional food supply security and to increase local production and export capacity in Central Asia.

OYAK CEO Murat Yalçıntaş emphasized that the investment will strengthen Hektaş’s international production and export capabilities while supporting OYAK’s long-term investment strategy focused on regional impact. He also noted that the project aligns with OYAK’s objective of generating long-term and stable returns for OYAK and its members.

UzOman Investment Company CEO Omar Bahram stated that the investment will localize the production of advanced agricultural inputs in Uzbekistan, reduce import dependency, and position the country as a regional hub for agricultural solutions in Central Asia.

Hektaş CEO Enis Emre Terzi underlined that Uzbekistan holds a special place in Hektaş’s growth and international expansion strategy in Central Asia, adding that through the UzOman partnership and Hektaş Asia LLC, the company will focus on the local production of plant protection products and organo-mineral fertilizers.

The agreement stands out as a strategic step reflecting the shared objectives of OYAK and OIA to develop industry in emerging markets, strengthen regional integration, and create long-term economic value.