Abu Dhabi’s ADQ, in partnership with Oman Investment Authority (OIA), represented by ITHCA Group, has introduced the $180 million ‘Jasoor Fund.’ This initiative stems from a 2022 framework agreement between the two entities and aims to bolster the digital economy in Oman and the wider Middle East region.
The Jasoor Fund targets high-growth technology companies in sectors such as fintech, edtech, healthtech, cleantech, food and agriculture, and logistics. Its primary focus will be on innovative tech companies established in Oman, as well as startups from across the region, at various stages of development with proven business models.
Mohamed Hassan Alsuwaidi, Managing Director and CEO of ADQ, stated, “The launch of Jasoor Fund reinforces our commitment to investments that unlock economic potential and deliver lasting value. Together, we aim to promote trade and investments that contribute to the growth of both economies.”
In 2022, ADQ and OIA identified over $8 billion in investment opportunities across Oman’s key economic sectors. Abdulsalam Al Murshidi, President of OIA, highlighted that the establishment of this tech-focused fund marks a transformative milestone for Oman’s technology sector.
