Omani Tech Companies Sign Agreements Worth Nearly $40 Million at LEAP 2025

February 16, 2025

Omani Tech Companies Sign Agreements Worth Nearly $40 Million at LEAP 2025

International Companies Eye Digital Investment Opportunities in Oman

H.E. Dr. Ali Al Shidhani:

“International agreements signed by Omani companies at LEAP 2025 enhance their expansion into global markets.”

Omani Tech CEOs:

“Our agreements at LEAP 2025 strengthen the global reach of our digital services and products.”

Oman’s participation in LEAP 2025 witnessed the signing of agreements between Omani tech companies and international entities, with a total value reaching approximately $40 million. These agreements span across semiconductors, advanced tech system solutions, artificial intelligence technologies, electronic device development, data analytics, digital advertising, data centers, and cloud services.

The Omani Pavilion at LEAP 2025, which ran from February 9 and concluded today (Wednesday), attracted international companies and foreign investors. The pavilion featured 46 public and private sector companies and showcased investment opportunities in Oman across semiconductors, electronic chips, data centers, cloud services, artificial intelligence, space technologies, gaming, cybersecurity, and tech-driven logistics solutions.

Oman Pavilion at LEAP 2025

Speaking on the success of Oman’s participation, H.E. Dr. Ali bin Amer Al Shidhani, Undersecretary for Communications & Information Technology at the Ministry of Transport, Communications, and Information Technology, stated:

“We are very pleased with the successful commercial partnerships achieved by Omani tech companies, both public and private, at the Omani Pavilion in LEAP 2025. This success reflects the tangible progress made by Omani companies in solutions and services related to semiconductors, artificial intelligence, cybersecurity, and advanced technology solutions. Some of these companies have now become competitive in international markets.

“Hosting 46 Omani tech companies at a global technology event like LEAP is part of our ministry’s commitment to supporting the expansion of Omani startups into regional and global markets, fostering their growth and international partnerships, especially in the presence of participants from 18 countries and leading global tech companies. Such an international gathering provides countries with opportunities to establish strategic partnerships and exchange expertise.”

Attracting Digital Investments

H.E. Dr. Ali Al Shidhani added:

“We were also pleased with the strong interest from global investors eager to explore investment opportunities in Oman’s ICT sector. Many have praised Oman’s attractive investment environment and its promising potential in key areas that drive the global digital industry, such as semiconductors, electronic chips, artificial intelligence, and space technologies.

A strategic vision and structured initiatives like the National Digital Economy Program—developed in collaboration with our partners—are vital in supporting growth pathways and attracting digital investments across multiple sectors.

I would like to extend my gratitude to our brothers in Saudi Arabia for their exceptional hospitality and organization. I also appreciate the strong collaboration of government institutions and companies, which contributed to a unified national vision at LEAP 2025.”

A Digital Services Platform

Azzan Al Kindi, CEO of Rahhal, expressed his appreciation for the ministry’s efforts in organizing Oman’s participation at LEAP each year. He stated:

“This year, the participation was remarkable, with more Omani companies present and numerous agreements signed to enhance international partnerships. We at Rahhal are delighted to have signed a Memorandum of Understanding (MoU) at LEAP 2025 with the Ministry of Commerce, Industry, and Investment Promotion in Oman and Thiqah (Saudi Arabia) to develop a digital platform for product specifications, standards, and compliance oversight.

The initial estimated value of this project is $10 million, with expectations to reach $30 million. As a company, we will develop the digital platform in collaboration with Thiqah to streamline procedures, regulate imports and exports, expedite transactions, and ensure system integration between Oman and Saudi Arabia.”

Expanding into the Saudi Market

Hamad Al Musharrafi, CEO of Data Mining, shared his company’s success at LEAP:

“Participating in LEAP has been a valuable and enriching experience for us. With the Ministry’s support at LEAP 2024, we secured agreements and partnerships that allowed us to enter the Saudi market, providing data collection and analytics services through our platform, “Istibyan.”

We also developed digital products like “Faaaliyat” (Events) and “Istidal” (Guidance). Our success at LEAP 2025 was crowned by signing a $1 million agreement. As a result, we opened a branch in Riyadh, Saudi Arabia, and expect even greater market presence this year.”

Investing in Oman’s Digital Sector

Ali bin Yaqub Mazrooa, CEO of Saudi-based Adri, expressed his enthusiasm for investing in Oman:

Oman’s cultural and strategic positioning makes it an attractive hub for investments, particularly in AI-driven businesses and modern technologies.

The scale of opportunities and the competitive investment landscape in Oman are promising. My visit to the Omani Pavilion at LEAP 2025 strengthened my confidence in investing in Oman, particularly in artificial intelligence.

One of Oman’s key advantages is its strong fiber optic network and the presence of over 20 submarine cables connecting Asia and Europe via Omani shores—a major competitive edge.

Additionally, Oman’s initiatives to expand fiber optic connectivity across Oman and Saudi Arabia to the Red Sea and Europe further enhance its potential as a leading tech hub in the Middle East.”

Tharwah Technology’s Expansion

During his visit to the Omani Pavilion, Dr. Moath Ibrahim Al Jafari, CEO of Tharwah Technology, stated:

“As a company specializing in AI-powered automation for investment consulting, we are keen on expanding into GCC markets. Our presence at LEAP 2025 enabled us to engage in serious partnership discussions with Anvoline, a subsidiary of Omantel that operates in a similar field.

We are negotiating potential collaborations to exchange expertise, implement AI solutions, and work together on new initiatives. We look forward to expanding further into the Omani market.”

American Investments in Oman

Anas Shihada, Business Developer at FGS (USA), praised the Omani Pavilion at LEAP 2025:

“The Omani Pavilion stood out with its design, branding, and clear investment messaging. It was honestly one of the most impressive pavilions at LEAP 2025.

As a US-based technology and digital transformation consulting firm, we are seeking entry into Middle Eastern and North African markets.

After visiting the Omani Pavilion and exploring the investment opportunities, I am convinced that Oman could serve as our launchpad into the region.”

Omani Fintech Innovation

Shamsa bint Salim Al Salami, CEO of Zummar, shared her excitement about LEAP 2025:

“Our participation in LEAP 2025 was an excellent opportunity to connect with investors and startups from around the world.

Our company has developed an innovative digital platform for financial association management. We are proud to be a graduate of the Central Bank of Oman’s Fintech Accelerator, with support from Omantel.

At LEAP, we signed an agreement with Juduba to offer our financial solutions to their employees. We are actively working to attract investors to Oman and expand our platform’s reach.”

Invest in Oman

Muna bint Shams Al Habsi, Investor Relations Manager at Invest in Oman, highlighted the impact of their participation:

“LEAP 2025 was a significant opportunity to promote Oman as a leading investment destination, particularly in the digital and technology sectors.

We focused on attracting global tech investors and entrepreneurs in digital supply chains by showcasing incentives and smart city investment opportunities.

We encourage companies to establish regional headquarters in Oman and take advantage of its advanced infrastructure and strategic location as a logistics and tech hub in the region.”