Oman secures $12 million in tech deals at LEAP 2025 in Riyadh

Riyadh : The agreements, signed at the Oman Pavilion, represent a major milestone for Oman’s growing tech sector, highlighting the nation’s commitment to expanding its presence in the global tech ecosystem.

The agreements involved both public and private sector companies, with key representatives from the Ministry of Transport, Communications, and Information Technology (MTCIT), including His Excellency Dr. Ali Amer Al Shidhani, Undersecretary for Communications and Information Technology, present at the event.

Among the major deals, Global Semiconductor & Microelectronics (GSME), an Omani company founded through international collaboration, secured a $10 million agreement with Saudi company e-Photonics. This deal aims to promote cooperation in semiconductors, electronics, and 3D computer vision solutions, focusing on knowledge exchange and joint research and development.

Another agreement was signed between Omani tech company DataMining and Saudi firm AlJazeera Falcons, valued at approximately $1 million. This partnership will focus on software development, artificial intelligence, and electronic product production tailored for the Saudi market.

The Oman Information and Communications Technology Group (ITHCA) also saw success at the event, with several of its member companies signing key deals. Mubasher, a digital advertising solutions provider, secured a $1 million agreement with Saudi company OOMCO; OSOS, an ITHCA member, signed six agreements related to software systems, artificial intelligence, cloud solutions, and technical support with international companies.

With a total value of $12 million in agreements on the first two days alone, Oman’s participation in LEAP 2025 has proven to be a significant step forward in establishing the Sultanate as a hub for innovation and technological development in the region.

The LEAP 2025 conference, running from February 9-12, 2025, has gathered over 1,800 exhibitors, including 630 emerging tech companies, and is recognized as one of the largest and most prominent tech events in the Middle East. Oman’s pavilion, organised by MTCIT for the third consecutive year, features 47 companies, including 37 Omani tech startups, and is a key platform for showcasing Oman’s digital solutions and promoting investment opportunities.