Oman aims to increase digital economy’s contribution to GDP to 10% by 2040.

Oman is set to increase the contribution of its digital economy to the GDP from 2% to 10% by 2040 through its National Program for Digital Economy. Dr. Ali Amer Al Shidhani, Undersecretary of the Ministry of Transport, Communications, and Information Technology for Communications and Information Technology, announced that investments in the communications and information technology sector have surpassed $2.5 billion since the program’s launch.

During COMEX Global Technology Show 2024, Al Shidhani revealed that the value of agreements and projects announced at the event had increased by nearly 60% compared to the previous year, reaching $155.87 million on the opening day alone. These projects cover various digital areas such as technical infrastructure, the digital economy, and technology development.

Al Shidhani emphasized the role of the Omani Investment Authority in supporting technology projects across the country, further boosting the growth of the digital economy. Some significant agreements announced at COMEX 2024 include establishing a national data center by Oman Data Park and Middle East Information Systems Company, a strategic partnership between Omantel and Google for a regional center for edge cloud services, and an agreement with Amazon Cloud Services to create a sovereign cloud service center and an integrated e-commerce platform in Oman.

These investments and agreements demonstrate Oman’s commitment to advancing its digital economy and leveraging technology to drive growth and innovation. Visit here for more news on technology.

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