On the 29th of September 2009 President of the Republic of Uzbekistan Islam Karimov signed a Decree "On measures of expanding investment cooperation with Sultanate of Oman”.
 
The Decree has stimulated rapid evolvement of cooperation beetween State General Reserve of Sultanate of Oman (SGRF) and Fund for Reconstruction and Development of the Republic of Uzbekistan (UFRD).
 
On the 17th of February 2010 SGRF and UFRD founded LLC “Uzbek-Oman Investment Company” (UOIC) with the initial committed fund of 100 million US dollars. SGRF has invested 75% of the capital and the rest 25% was funded by UFRD.

LLC “Uzbek-Oman Investment Company” (UOIC) is the largest  private equity fund in Uzbekistan. The first deal was proposed in 2012 to the shareholders of JSC "UzbekLeasing International", the leading leasing company in Uzbekistan. The current share of UIOC in JSC "UzbekLeasing International" is 38.74%.