BAKU, Azerbaijan, October 6. Solidcore
Resources plans to build a new headquarters in Astana, with the
Oman Investment Authority set to finance 85% of the project, the
gold producer said on October 6.
The plans were announced during Omani Sultan Haitham bin Tariq
Al Said's state visit to Kazakhstan. Solidcore will provide the
remaining 15% of the project's funding.
The nine-story Muscat Tower will have a total area of more than
18,000 square meters and is expected to be completed in 2029. It
will include office space, a cafeteria and a gym for company
employees.
The building will be located in a newly developing district of
Astana and will serve as Solidcore's headquarters.
"Solidcore Resources is among our core assets in Kazakhstan, and
by taking part in the construction of the new headquarters in
Astana, we are expressing our support for the Company's strategy,
that leads to concentration of technical expertise here, and
linking them to the skills and competence we have in Oman.
Kazakhstani technical expertise combined with Oman's investment
capabilities is a ready-made platform for expansion. I am confident
that Muscat Tower will become a tangible embodiment of the strong
partnership between Oman and Kazakhstan, which we intend to
continue strengthening," said Abdulsalam Al Murshidi, President of
the Oman Investment Authority and Chairman of the Board of
Directors of Solidcore Resources.
The Oman Investment Authority holds a 31.7% stake in Solidcore
through the Maaden International Investment fund.
Solidcore is a gold producer registered in Kazakhstan's Astana
International Financial Centre and listed on the Astana
International Exchange. The company's gold equivalent production
rose 56% year-on-year to 86,000 ounces in the second quarter of
2026 and 71% year-on-year to 210,000 ounces in the first half of
2026, driven by third-party concentrate processing.
