Bawabat Accelerator has officially launched to support Omani technology startups seeking to scale into the Saudi market, following a strategic investment agreement between ITHCA Group and Saudi Vision Venture Capital.
ITHCA Group, the venture arm of Oman’s sovereign wealth fund under the Oman Investment Authority, signed the agreement to strengthen access for Omani founders to regional capital, expertise, and investment networks—particularly within Saudi Arabia’s rapidly growing startup ecosystem.
The partnership connects Omani entrepreneurs with Saudi Vision Venture Capital’s early-stage investment platform, providing exposure to its regional networks and hands-on experience in backing technology startups across the Middle East and North Africa. The initiative is designed to accelerate startup growth, improve cross-border market access, and deepen collaboration between the Omani and Saudi venture capital landscapes.
ITHCA invests through the ITHCA Fund, which has completed 36 investments to date, primarily targeting technology-driven sectors such as artificial intelligence, fintech, software, and digital services. Saudi Vision Venture Capital has backed multiple early-stage technology companies across the region and brings sector-specific expertise and market insight to the partnership.
Through Bawabat Accelerator, both parties aim to position Omani startups for regional expansion while reinforcing economic ties and innovation flows between Oman and Saudi Arabia.
