Muscat — Oman’s ITHCA Group, the technology investment arm of the Oman Investment Authority, has invested $20 million in U.S.-based Movandi, a global leader in semiconductor and wireless communication technologies. The investment is aimed at advancing Oman’s ambition to become a regional hub for smart connectivity, semiconductors, and AI innovation under Vision 2040.
The strategic partnership will support the development of next-generation communication technologies — including 5G, satellite communications, and fixed wireless access (FWA) — while promoting knowledge transfer, local talent development, and the establishment of a Movandi R&D hub in Muscat focused on smart communications and artificial intelligence.
“Through this partnership, we aim to transfer knowledge, develop national skills, and build an integrated ecosystem that positions Oman as a regional hub for future technologies and the digital economy,” said Eng. Said bin Abdullah Al Mandhari, CEO of ITHCA Group.
Maryam Rofougaran, Co-Founder of Movandi, emphasized that the investment creates a vital bridge between Silicon Valley and Oman, enabling collaboration on advanced semiconductor innovation and sustainable communication infrastructure.
Movandi’s technology portfolio — spanning RF chipsets, beamforming systems, and smart antennas — enhances network performance while lowering deployment costs across both urban and remote environments.
The investment builds on ITHCA’s broader technology portfolio. Earlier this year, the group announced an investment in Lumotive, a U.S. company pioneering programmable optical semiconductor technology. That collaboration aims to accelerate industrial applications and smart infrastructure initiatives in line with Oman’s digital transformation roadmap.
Collectively, these partnerships reflect Oman’s commitment to building a knowledge-based, innovation-driven economy, fostering global collaborations that anchor the nation’s long-term technological leadership.
