Oman Investment Authority Joins $100M Singapore Fund to Boost Startups
Feb 23, 2025
Oman's startup ecosystem is getting a $100 million push from Singapore, with the Oman Investment Authority (OIA) announcing its investment in Golden Gate Ventures. The deal is expected to drive foreign investment, support Omani entrepreneurs, and open doors for new technology hubs in the region.
The Singaporean fund, founded in 2011, has backed over 100 companies across Asia, the US and Europe, including nine that reached billion-dollar valuations. It has already invested in Omani data analytics company Bayanat, signaling its interest in the region's tech sector.
As part of the partnership, Golden Gate Ventures plans to establish an office in Oman, aiming to strengthen ties with local startups and investors while providing funding for early-stage companies. The move could connect Omani businesses with Southeast Asia's fast-growing tech markets, offering access to capital and expertise.
The investment is part of OIA's Generations Portfolio, which manages foreign assets across multiple industries. The authority has been expanding its focus on future-driven sectors such as artificial intelligence, renewable energy and digital technology.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Daily News Egypt
21 hours ago
- Daily News Egypt
Egypt, Singapore explore cooperation on digital transformation of ports
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), met with Ambassador of Singapore to Cairo, Dominic Goh, on Monday at the SCZONE headquarters in the New Administrative Capital. The meeting focused on strengthening bilateral ties and exploring investment opportunities within the SCZONE, with particular emphasis on its industrial, logistics zones, and affiliated seaports. During the discussion, Gamal El-Din outlined the numerous investment opportunities available through the SCZONE's strategic vision, which includes 21 diversified industrial and logistics sectors. He emphasized that the integration of ports and industrial zones plays a crucial role in linking manufacturing processes with global markets, especially given the Authority's ownership of six ports located on both the Mediterranean and Red Seas. Gamal El-Din expressed the SCZONE's keen interest in collaborating with Singaporean institutions and companies in several key sectors. He noted that ongoing consultations with Singapore Cooperation Enterprise (SCE) are focused on transferring Singapore's advanced expertise in port management and operations. The collaboration aims to incorporate the latest smart port technologies, which are pivotal in the SCZONE's digital transformation strategy for ports. The Chairperson further highlighted that this partnership is critical for supporting the implementation of the Authority's digital transformation initiatives, which aim to improve governance, enhance operational efficiency, and increase cargo handling capabilities at SCZONE ports.
See - Sada Elbalad
17-07-2025
- See - Sada Elbalad
Omani Startup Launches Algae Air Purifier
Israa Farhan A pioneering Omani startup has introduced a sustainable air purification device powered by locally cultivated algae, designed to enhance air quality and reduce carbon emissions inside vehicles, according to the Times of Oman newspaper. Developed by a team of students and researchers, the algae-based purifier offers a smart, eco-friendly solution to combat air pollution and heat-related challenges in enclosed spaces. The device leverages the natural properties of algae to absorb carbon dioxide and release oxygen, improving air freshness without the need for frequent filter replacements. The purifier features a temperature sensor that activates the system when a vehicle's interior exceeds a set temperature, initiating simultaneous air cooling and purification. It also includes fragrance diffusion and operates without industrial filters, significantly reducing waste and long-term maintenance costs. Designed for broader use, the device is being tested for integration into classrooms, offices, factories, and potentially residential and public infrastructure. By combining local materials with green technology, this innovation positions Oman as a rising player in sustainable environmental solutions. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" News Flights suspended at Port Sudan Airport after Drone Attacks Arts & Culture Hawass Foundation Launches 1st Course to Teach Ancient Egyptian Language Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream
See - Sada Elbalad
05-07-2025
- See - Sada Elbalad
FM has intensified contacts to consolidate the ceasefire between Iran and Israel
Basant Ahmed Upon the directives of president abdel Fattah El Sisi to intensify contacts with regional and international parties to de-escalate tensions, achieve calm in the region, and support security and stability in the Middle East, Dr. Badr Abdel Atty, the foreign minister, held a series of calls with Iranian Foreign Minister Abbas Araqchi, Omani Foreign Minister Badr bin Hamad al-Busaidi, French Foreign Minister Jean-Noël Barrot, US Special Envoy to the Middle East Steve Witkoff, and Rafael Grossi, Director General of the International Atomic Energy Agency. The contacts addressed the need for concerted regional and international efforts to consolidate the ceasefire between Israel and Iran, and to resume the diplomatic process and negotiations to reach a sustainable settlement regarding the Iranian nuclear program, in a manner that contributes to addressing concerns through peaceful means and achieving the desired calm and reducing tensions in the region. The officials commended Egypt's efforts to de-escalate tensions in the region, and its role in bringing viewpoints closer together and reaching understandings and common ground that serve the interests of all parties and achieve the necessary calm at this critical time, in support of security and stability in the region. On the other hand, Minister Abdel Atty's call with Steve Witkoff addressed developments in the ceasefire negotiations in Gaza, the release of hostages and prisoners, full access to humanitarian aid to the Strip, and preparations for indirect meetings between the two parties to reach an agreement. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean
