The Oman Technology Fund expanded the scope of its support to invest in bold capital specialized in emerging companies despite the uncertainty that accompanied the global markets during the Corona pandemic period, where technology and innovation are among the several strategic sectors that the Sultanate of Oman is betting on strengthening its role in the economy during the next two decades within the vision of 2040 ".
The fund ranked first in the Middle East and North Africa within a number of investment funds in this field according to the classification of the "Magnet" center for bold investment reports for the second quarter of this year.
"The Fund’s progress is a translation that reflects the efforts that it makes to invest in technology companies in the innovative sectors," the CEO of the Fund, Youssef Al-Harthi, said, adding that "the Fund's maintenance of the lead in the report of Magnet Center has an indication of its ability to expand regionally and move towards globalization," stressing that "the focus during the first half of this year was focused on activating the initiative of one million riyals ($2.6 million) in which investment was made in technical platforms and applications that contribute to reducing Coronavirus. The job market was also paid attention to finding employment opportunities for job seekers from the owners of innovations and technical platforms, and provide support, financing, guidance and direction to them."
Source (London Arab newspaper, Edited)
