Oman advances digital investment policies
Published: 02:12 PM,Dec 09,2024 | EDITED : 06:12 PM,Dec 09,2024
The initiative aims to position Omani companies for international market expansion and increased digital service exports.
MUSCAT: The Digital Cooperation Organisation (DCO), in collaboration with the Ministry of Transport, Communications, and Information Technology, the World Economic Forum, and the Ministry of Commerce, Industry and Investment Promotion, hosted a workshop focused on enhancing policies to attract foreign direct investment (FDI) in Oman’s digital economy.
Discussions centered on enabling FDI in emerging technologies, boosting digital adoption across government, private, and academic sectors, and strengthening Oman’s digital infrastructure. The initiative aligns with the National Digital Economy Programme and Oman Vision 2040, aiming to position Omani companies for international market expansion and increased digital service exports.
Mohsen bin Salem al Araimi, Acting Director of the Technology Industry Department at the Ministry of Transport, Communications and Information Technology, highlighted the value of DCO and World Economic Forum’s continued support. He emphasized that attracting digital investments would generate job opportunities, expand the knowledge economy, and contribute to achieving the Sustainable Development Goals.
Hajar al Haddawi, Senior Advisor to DCO’s Secretary-General, underscored efforts to support digital investments and address industry challenges, aiming to build a resilient digital economy fostering growth and prosperity.
Matthew Stevenson, Head of Investments and Services at the World Economic Forum, stressed the importance of collaborative consultations in shaping investment-stimulating policies and driving innovation within Oman’s digital sector.
Throughout 2024, Oman’s ministries have launched several initiatives to attract FDI, participated in international tech events, and promoted the digital economy's components to global investors.
Established in November 2020, the DCO is the first international governmental organization dedicated to advancing a sustainable digital economy. With 16 member countries, it supports youth and women empowerment, innovation promotion, and international cooperation, fostering an investment-friendly digital ecosystem.
Discussions centered on enabling FDI in emerging technologies, boosting digital adoption across government, private, and academic sectors, and strengthening Oman’s digital infrastructure. The initiative aligns with the National Digital Economy Programme and Oman Vision 2040, aiming to position Omani companies for international market expansion and increased digital service exports.
Mohsen bin Salem al Araimi, Acting Director of the Technology Industry Department at the Ministry of Transport, Communications and Information Technology, highlighted the value of DCO and World Economic Forum’s continued support. He emphasized that attracting digital investments would generate job opportunities, expand the knowledge economy, and contribute to achieving the Sustainable Development Goals.
Hajar al Haddawi, Senior Advisor to DCO’s Secretary-General, underscored efforts to support digital investments and address industry challenges, aiming to build a resilient digital economy fostering growth and prosperity.
Matthew Stevenson, Head of Investments and Services at the World Economic Forum, stressed the importance of collaborative consultations in shaping investment-stimulating policies and driving innovation within Oman’s digital sector.
Throughout 2024, Oman’s ministries have launched several initiatives to attract FDI, participated in international tech events, and promoted the digital economy's components to global investors.
Established in November 2020, the DCO is the first international governmental organization dedicated to advancing a sustainable digital economy. With 16 member countries, it supports youth and women empowerment, innovation promotion, and international cooperation, fostering an investment-friendly digital ecosystem.