MUSCAT – The new Afaaq for Advanced Technologies data hosting and cryptocurrency mining center was inaugurated under the auspices of H.E. Eng. Said Bin Hamoud Al Maawali, Minister of Transport, Communications and Information Technology, and in the presence of HH Sayyid Marwan Turki Al Said, Governor of Dhofar.

The centre from Exahertz International Company, a subsidiary of Afaq Advanced Technologies firm, underscores the commitment of the Free Zone to support the advancement of technology based economy. Worth over OMR 135 million, it is the second major data hosting and processing initiative from the Ministry. Speaking to the media, the Minister stated that the project reflects the Ministry’s keenness in promoting digital investment and localizing advanced technologies. He pointed out that the company in charge of the project is expected to achieve a quarter of envisaged volume of production before the end of 2023.

The new centre is the first project of its kind in terms of imported technological devices in the field of data processing, blockchain applications and financial technologies.