Digital Investments in Oman Exceed $2.5 Billion

  • Muscat, Oman
  • 28 May 2024
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The Undersecretary of the Ministry of Transport, Communications and Information Technology for Communications and Information Technology in the Sultanate of Oman, Dr. Ali bin Amer Al-Shidhani, confirmed that the volume of investments in the ICT sector has reached more than one billion Omani riyals (2.5 billion US dollars), since the announcement of the National Digital Economy Program.

He said that a large part of these investments focus on the fields of communication technologies, data storage and processing, cybersecurity, artificial intelligence, space technology, and semiconductors.

He explained that the National Program for Digital Economy aims to raise the contribution of the digital economy to GDP from 2 percent to 10 percent by 2040.

Source (Al-Sharq Al-Awsat Newspaper, Edited)

 

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