Oman Investment Authority Signs Pact Worth Over OMR35 Million With Top Global Companies

Oman Investment Authority Signs Pact Worth Over OMR35 Million With Top Global Companies

During the COMEX 2024 exhibition in Muscat, several companies under the Oman Investment Authority (OIA) inked over 30 agreements and initiatives valued at more than OMR35 million with major international companies. Omantel, Oman Data Park, Iqaa Group, and OQ signed deals with industry giants like Google, Amazon, Microsoft, TCS, and Virtusa. These agreements range from establishing data centers to implementing cloud solutions, artificial intelligence technologies, and other tech innovations.

This highlights the crucial role of the communication and information technology sector, supporting tech startups, promoting new industries for the digital economy, and enhancing the investment environment in Oman's tech sector. Atef bin Saeed Al Siyabi, Head of Information Management at OIA, emphasized the agency's focus on the tech sector, aligning with the government's vision for a prosperous digital economy. Through various programs and initiatives, they aim to localize technology in key sectors, contributing to the "Oman 2040" vision and national goals.

Al Siyabi stated that OIA and its companies are dedicated to supporting startups and SMEs in the tech industry through strategic agreements and initiatives, fostering innovation and growth in Oman's technology sector.

The agency's affiliated companies are set to establish strategic partnerships and cooperative agreements with various government and private institutions and banks during the exhibition to offer digital services and cutting-edge technical solutions.

 

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