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Home Oman News

Omani, Saudi firms sign pacts to invest in ICT sector

11 أكتوبر، 2022
in Oman News
Omani, Saudi firms sign pacts to invest in ICT sector

Several agreements and Memoranda of Understanding (MoU) were signed at the headquarters of ITHCA Group in Knowledge Oasis – Muscat yesterday between Omani and Saudi firms to invest in the telecommunications and information technology (ITC) sector within the framework of the visit of the Saudi delegation headed by Eng Abdullah bin Amer al Sawaha, Minister of Communications and Information Technology, in the presence of HH Kamel bin Fahd al Said, Chairman of the Board of Directors of ITHCA Group.

The first agreement was signed between Oman’s ITHCA Group and Saudi Arabia’s digital solutions firm Thiqa to enhance cooperation between the Sultanate of Oman and the Kingdom of Saudi Arabia in the field of implementing the product conformity, standardisation and legal calibration system.

A memorandum of understanding (MoU) was also signed between Thiqa and Rihal with the aim of cooperating between the parties to develop and implement joint works in electronic services and information technology, in order to invest the ICV to achieve the general interests of the target parties. The agreement was signed by Ayman bin Abdullah al Fallaj, CEO of Thiqa and Azzan bin Qais al Kindi, CEO and co-founder of Rihal.

A memorandum of understanding was signed between an Omani firm TMdone and the Saudi firm Jahez Intl Co to study and evaluate ways of cooperation in the areas of delivery services. The memorandum was signed by Ghasab bin Salman al Mandeel, CEO of Jahez and Yasser bin Saeed al Barami, CEO of TMdone.

Eng Said bin Abdullah al Mandhari, CEO of ITHCA Group, said that this joint cooperation with the brothers in the Kingdom of Saudi Arabia comes with the aim of expanding in one of the largest regional markets in growth during the current period in the communications and information technology system, pointing to the importance of expanding in the field of cloud technology solutions, enhancing Gulf cooperation and exchanging experiences and expertise.

For his part, Ayman bin Abdullah al Fallaj, CEO of Thiqa, said this cooperation is a unique opportunity for the company to expand at the level of the Arabian Gulf as a starting point that paves the way for technical linkage at the international level, with the support of the Saudi Standards, Metrology and Quality Organization and the Ministry of Commerce, Industry and Investment Promotion.

Al Fallaj stressed that the desire of the two parties for joint cooperation has boosted the move towards work in the field of product conformity to reach conformity assessment bodies around the world, with the aim of raising the level of safe products, reducing time and speeding up procedures for clearing products from the Sultanate of Oman to cooperation with the GCC countries. Cooperation for the Arab Gulf states with the aim of achieving electronic integration and consolidating permanent Gulf cooperation in the growth of digital business services.

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