Government-owned Oman Investment Fund (OIF) has launched a USD200mn Oman Technology Fund (OTF) to invest in startup technology companies around the region and the world. Officials said the fund is expected to attract technology companies to Oman and help build the country as a tech hub. It is part of the government’s economic diversification strategy. The fund, which is majority-owned by OIF, will partner with three international firms specialising in funding startups: Atlantic Bridge Capital (Ireland), 500 Startups (USA) and Techstarts Ventures (USA). (Muscat Daily)
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