Riyadh: On the third day of Oman’s involvement in LEAP 2025, taking place in Riyadh, Saudi Arabia, from February 9 to 12, four new cooperation agreements were established between Omani tech startups and international firms, amounting to approximately OMR4.3 million.
This follows agreements totaling OMR4.5 million that were signed during the first two days of the conference, bringing the cumulative value of agreements between Omani companies and international entities at LEAP 2025 to nearly OMR9 million.
The agreements were formalized at the Omani Pavilion, attended by CEOs from both government and private sector companies, along with representatives from the participating Omani and Saudi firms.
In a notable development showcasing the growth of Omani tech startups in global markets, Rakeeza, an Omani enterprise, entered into a partnership valued at OMR3.5 million with Al Rajhi Holding Group. This collaboration is centered on modern agricultural technologies and sustainable farming practices, with the goal of fostering innovation, broadening market access, and promoting shared growth.
Furthermore, Rakeeza also signed a Memorandum of Understanding (MoU) worth OMR750,000 with Fintech Sys to work together on developing financial technology solutions.
In addition, Madarek for Innovation, another Omani company, secured an agreement valued at OMR38,500 with KiwiTech to collaborate on the creation of startup accelerators.
Sampo AI has entered into a partnership with SideUp to become a member of the Smart Trade Alliance, marking a significant development in the artificial intelligence sector. In a related move, Mubasher, an Omani firm focused on digital advertising screens, has signed a Memorandum of Understanding with Saudi company DILKO to work together on digital outdoor advertising initiatives in both Oman and Saudi Arabia.
Mohsen Salem Al Araimi, the Head of Investment Promotion at the Ministry of Transport, Communications, and Information Technology, emphasized that Oman’s successful engagement in LEAP 2025 can be attributed to its improved digital investment landscape, attractive investment incentives, and streamlined processes for foreign company registration through the Invest in Oman Hall, which is also featured at the Omani Pavilion.
He also pointed out the growing interest from international firms and prominent investors in Oman as a viable investment hub, especially within the data center and artificial intelligence industries.
Al Araimi remarked, “The achievement of Omani companies in securing agreements totaling nearly OMR9 million with global entities showcases the advancement of Omani tech startups, their competitive strengths, and the quality of their innovative digital solutions in regional markets. This also highlights the success of Oman’s participation in this exhibition, which is designed to assist Omani tech startups in their international expansion and in attracting global digital investments to Oman.”
