Omani space tech startup wins FFO backing

MUSCAT, JUNE 16
Muscat-based Rocket Elements and Technologies (RE&T), an Omani space technology startup focused on advanced propulsion systems, has secured funding support from Future Fund Oman, marking a significant endorsement of the Sultanate’s emerging deep-tech and aerospace innovation ecosystem.
The investment support was announced as part of a broader wave of agreements concluded by Future Fund Oman last week, under which a diverse group of companies and startups across multiple sectors received backing. Beneficiaries span strategic industries including tourism, renewable energy, advanced manufacturing, healthcare, medical technologies, and innovation-driven enterprises - reflecting the fund’s mandate to catalyse economic diversification and attract private capital into high-growth sectors.
RE&T said it was “incredibly proud” to enter into a partnership with FFO, noting that its selection places it alongside a wide portfolio of nationally significant investments, including those in the aerospace sector. “It was an honour to be featured alongside a diverse portfolio of strategic investments spanning multiple key industries,” the company said in a statement.
The funding represents a major milestone for RE&T, which is working to develop cost-effective space propulsion technologies with a focus on high-pressure turbopumps - critical components that sit at the heart of liquid and hybrid rocket engines. The startup aims to reduce the cost of space transportation while strengthening Oman’s capacity to participate in the global aerospace value chain.
Founded by entrepreneur Mohammed al Alawi, RE&T recently graduated from the first national Oman Space Accelerator Programme (OSAP), held between August and December 2025. The programme concluded with a high-profile showcase where the startup presented its flagship concept: a high-pressure turbopump designed for next-generation propulsion systems.
Building on this momentum, RE&T has entered a scaling phase, with early-stage interest already emerging from several venture capital firms in Oman. The company is also actively pursuing grant funding to support the prototyping and production of its turbopump technology.
Earlier this year, RE&T further strengthened its technical profile at the Middle East Space Conference 2026 (MESC2026), hosted at the Oman Convention and Exhibition Centre in Muscat, where it presented a proof-of-concept 800-bar liquid hydrogen turbopump. The company’s performance earned it first place in the OSAP competition segment.
RE&T’s engineering roadmap focuses on designing and manufacturing high-pressure turbopumps capable of meeting global aerospace demand for reliable and affordable propulsion systems. The company’s 800-bar liquid hydrogen design is intended to demonstrate state-of-the-art capability, with hydrogen posing unique engineering challenges due to its extreme cryogenic temperature, very low density, and complex handling requirements.
The startup believes that mastering liquid hydrogen systems unlocks broader applications across cryogenic propulsion technologies. It is leveraging advanced digital engineering tools, including computational fluid dynamics (CFD), finite-element analysis (FEA), and additive manufacturing, to accelerate development and position Oman as a competitive player in high-value aerospace hardware and innovation-led exports.