AGP Executive Report
Last update: 9 hours agoTrade Tech: Muscat-based mamun raised US$3 million, led by Phaze Ventures’ Oman Fund, to expand its AI-powered trade-finance platform linking the Gulf and Asia. Research and Innovation: Oman’s State Council reviewed a proposed national framework to measure research impact and align priorities with Vision 2040. AI Infrastructure: Developers of a proposed US$3 billion Salalah data park are exploring solar, wind and battery power for a planned campus of up to 400 MW. Digital Finance: Oman and China agreed to deepen digital-payment and central-bank digital-currency cooperation, alongside a five-year currency swap worth up to 30 billion yuan. Start-ups: Omantel Innovation Labs selected nine companies for its latest accelerator cohort, spanning AI, fintech, cybersecurity, food technology and advanced manufacturing. Power Grid: Oman’s direct link to the GCC electricity network is 35% complete, with service targeted by the end of 2027.
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