MUSCAT: The Oman Investment Authority (OIA) has announced the restructuring of Oman ICT Group which includes four companies.
In a statement issued to the Oman News Agency, OIA said the aim is to increase the efficiency and reduce the operating expenses.
As per the restructure the Oman Broadband Company, Oman Technology Fund (OTF), Space Communication Technologies Company, and Oman Tower Company will come under OIA
Read More
- Oman’s Liwa gets new 2.5km path to boost walking and cycling
- Oman’s CPA seizes over 1,300 expired personal care and household products in Nizwa
- Oman’s global investments unlock innovation and partnership opportunities in UK
- Oman sets three-stage licensing process for real estate projects as deals rise 5.4%
- Oman reaffirms commitment to keeping Strait of Hormuz open to international navigation
In the coming stages, more companies will be added “operating in the communications and information technology sector under the group’s umbrella,” the statement added.
