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Tuesday, January 15, 2019

Oman govt establishes Omani Information Technology and Communications Group - Telecompaper

The Ministry of Transport and Communications (MoTC) has announced the establishment of Omani Information Technology and Communications Group, reports Muscat Daily. It belongs to the State General Reserve Fund and includes Oman Broadband Company, Oman Towers Company, Blockchain Company, Space Communication Technologies Company, and other firms in the industry that may be established by the government in partnership with the private sector. 

Ahmed bin Mohammed Al Futaisi, Minister of Transport and Communications, said that the establishment creates an investment arm for the government in partnership with the private sector to implement IT&C strategies, as well as fourth industrial revolution initiatives. He said that the group will provide strategic and financial subsidies.

The group's work is divided into four fields. The first is for infrastructure and platforms, the second for cybersecurity, the third for the digital economy through smart applications such as IoT, AI, robotics and blockchain, and the fourth for SME development. 

The ministry will also cooperate with the State General Reserve Fund to establish a space communication company to implement a satellite project.



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