On Monday, May 8, Eng. Yousef bin Ali Al Harthy, CEO of Oman Technology Fund (OTF) Holding Company, signed a memorandum of understanding with Yahya bin Said Al Jabri, Chairman of Pakistan-Oman Investment Company, in order to improve and uplift technology in the Sultanate of Oman and Pakistan.
Yahya bin Said Al Jabri, Chairman of Pakistan-Oman Investment Company, noted, “We commend the launch of the Oman Technology Fund as an innovative investment vehicle that will help us achieve our development objectives to grow the ICT sector and the Oman Economy as a whole. This comes in the midst of the Government’s diversification strategy that is focused on the spread of utilization of technology in industry and a connected digital society. This has been identified as a key development area for Oman and a significant driver towards an increasingly diversified national economy”.
OTF was launched last October to invest in high growth potential technology startups companies in Oman and internationally. OTF will invest in a related incubator and accelerator micro-funds and local, global VC funds.
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