Oman is accelerating its entry into the semiconductor industry as the Oman Investment Authority (OIA) brings three global technology firms into the country, strengthening its ambitions under Vision 2040.
Through its ICT arm, ITHCA Group, OIA has facilitated the establishment of semiconductor operations in Oman, enabling localisation of key parts of the chip value chain and positioning the country within the global digital economy.
As part of this push, OIA invested $13 million in US-based GSME, leading to the creation of a semiconductor design centre. The initiative has already trained 92 Omani engineers, with 67 securing roles in chip design and electronic engineering.
Further investments include $5 million in Lumotive, introducing advanced programmable optics and AI-driven sensing technologies, and $20 million in Movandi to support RF chipsets, beamforming systems, and 5G connectivity solutions.
The initiative aligns with OIA’s “Omani Angle” strategy, focused on technology transfer, local talent development, and building a sustainable innovation ecosystem. It also included hosting a semiconductor investment forum, attracting global stakeholders and boosting Oman’s visibility in the sector.
These efforts highlight Oman’s growing focus on advanced technologies such as AI, communications, and semiconductors as it works to diversify its economy and build a knowledge-based future.
