$20mn Investment in US Firm to Strengthen Oman's Tech Ecosystem
ITHCA Group, the technology investment arm of Oman Investment Authority, has invested $20mn in US-based Movandi, a semiconductor and wireless connectivity firm.
The investment aims to boost Oman's AI, semiconductor, and next-gen communication ecosystem, supporting Vision 2040 goals to build a knowledge-driven and technology-based economy.
Said bin Abdullah al Mandhari, CEO of ITHCA Group, said the investment reflects the company's commitment to building strategic partnerships with leading international firms in emerging technologies.
- Investment amount: $20mn
- US firm: Movandi
- Focus areas: artificial intelligence, semiconductors, and smart communications infrastructure
Author's summary: Oman invests $20mn in US tech firm to boost its ecosystem.
More News
- Lilley: Is Carney ready to surrender Canada's auto industry?
- Maine Mariners to begin new season this weekend
- Tre Johnson Scores 10 in First NBA Preseason Start - Lake Highlands
- Rebuild Garabagh showcases Azerbaijan’s vision for sustainable post-conflict renewal
- Las Vegas traffic deaths hit 127 in 2025
- Saleshando calls Boko to account for health emergency
- 2025 Completes Jar Jar Binks' Redemption With A New Solo Series
- Fortescue cuts hundreds of jobs in UK and Australia as it sends EV motor making to China
- How Horror Movies and Women’s Rights Have Been ‘in Lockstep’ Since the 1970s
- Recap: Luka Doncic Impresses In Preseason Debut But Lakers Fall To Suns