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EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

OTF signs MoU with Pakistan-Oman Investment Co for start-ups

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MUSCAT: Oman Technology Fund (OTF) Holding Company on Monday signed a memorandum of understanding (MoU) with Pakistan-Oman Investment Company, to explore potential areas of collaboration in developing new technology and by investing in technology startups in the Sultanate, as well as in Pakistan. The MoU was signed by Yahya bin Said al Jabri, Chairman of Pakistan-Oman Investment Company and Yousef bin Ali al Harthy, CEO of Oman Technology Fund (OTF). 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 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 key development area for Oman and a significant driver towards an increasingly diversified national economy,” Bahauddin Khan, CEO of Pakistan-Oman Investment Company, said the MoU will explore partnerships in new high-value and high-growth areas, including collaboration on new technology products, e-Services, and advanced technologies to create and enhance the overall digital eco system that encourages the development of tech entrepreneurship in both the Sultanate as well as in Pakistan. Yousef, CEO of OTF said: “We are proud to partner with one of the most dynamic and innovative and leading investment companies in the region.” — ONA


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