The Oman ICT Group (OICT Group) was founded in early 2019 under the auspices of the State General Reserve Fund, which is the largest of the country’s sovereign wealth funds. The group is a high-profile umbrella organisation that brings together companies and other public- and private-sector stakeholders involved in ICT to create an environment...
ICT was identified by the government as a key component of the sultanate’s long-term economic development strategy, Vision 2040, which calls for enhancing national technical capabilities, constructing vital ICT infrastructure and improving governance through the use of e-services. Therefore, a renewed focus is under way as authorities work to...
Blockchain – the distributed-ledger technology that underpins cryptocurrencies such as Bitcoin – appears set to transform a wide variety of industries and perhaps fundamentally change the way business is conducted around the globe. While the technology is still taking off and its potential is not fully known, many emerging markets are hoping...
With government e-transformation, the growth of cloud services and data centres, e-commerce and almost universal smartphone use, Oman is seizing many of the opportunities provided by the latest developments in ICT. However, there are also new risks, particularly breaches in cybersecurity. Preventing these risks, while ensuring seamless and...
On both a local and national level, Oman’s ICT sector continues to expand, while also preparing for new technologies and the benefits and challenges that they may bring. New innovations in cloud services, e-commerce and e-government have enabled both private and public organisations to cut costs, and strategic thinking by the sultanate’s...
Developments in Oman’s telecoms sector in 2017 were centred on the announcement of a third mobile network operator (MNO) licence and an increase in royalty rates from January 1, which led to a 35-40% drop in net profits that year for the two existing operators, Omantel and Ooredoo. With market penetration in the mobile sector at close to 150...
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