Since the launch of Oman’s National Program for Digital Economy, the country has seen a significant increase in investments in the technology sector. This program aims to boost the digital economy’s contribution to GDP from 2 percent to 10 percent by 2040. During the COMEX Global Technology Show 2024, Dr. Ali Amer Al Shidhani, undersecretary of the Ministry of Transport, Communications and Information Technology, highlighted this goal.
Communications technologies, data storage and processing, cybersecurity, artificial intelligence, space technology, and semiconductors have been the primary areas of investment. The agreements and projects announced at COMEX 2024 saw a 60 percent increase in value compared to the previous year, with $155.87 million announced on the opening day alone. These projects cover various digital areas such as technical infrastructure, digital economy and technology.
The Omani Investment Authority plays a significant role in supporting technology projects in the country and has contributed significantly to the growth of the digital economy. Notable agreements at COMEX 2024 include partnerships with Google and Amazon Cloud Services for regional cloud services and e-commerce platforms. Additionally, Oman Data Park established its largest national data center along with Middle East Information Systems Company during this showcase event.
Overall, Oman continues to invest heavily in technology driven by strategic partnerships with key industry players and its National Program for Digital Economy. These investments are expected to further boost economic growth by increasing digital economy’s contribution to GDP from 2% to 10% by 2040 as per National Program for Digital Economy goals stated by Dr Ali Amer Al Shidhani Undersecretary of Ministry of Transport Communications & Information Technology during COMEX Global Technology Show 2024
