Oman is accelerating its push into the semiconductor industry, with the Oman Investment Authority (OIA) attracting three global technology firms to establish operations in the country. The move is part of a broader strategy to diversify the economy under Oman Vision 2040 and strengthen its position in advanced technology sectors.
Through its ICT investment arm, ITHCA Group, OIA has facilitated the setup of operational centres and offices for international semiconductor companies, supporting the localisation of key components of the chip value chain. The initiative aligns with OIA’s “Omani Angle” approach, which focuses on technology transfer, ecosystem development, and building local expertise.
As part of this effort, OIA invested $13 million in US-based GSME, leading to the creation of a semiconductor design centre in Oman. The partnership has already trained 92 Omani engineers in chip design, with 67 securing roles in the field.
OIA also invested $5 million in Lumotive, bringing advanced programmable optics and 3D sensing technologies to Oman, and $20 million in Movandi to support the development of RF chipsets, beamforming systems, and 5G-related technologies.
These initiatives are expected to enhance Oman’s capabilities in critical areas such as AI, communications, and digital infrastructure, while creating high-value employment opportunities for local talent. The efforts also included hosting a semiconductor investment forum, attracting global industry leaders and boosting Oman’s visibility in the sector.
