ITHCA and Yango join hands to acquire Otaxi

MUSCAT: In a landmark step to propel Oman's digital revolution, ITHCA Group – the ICT investment arm of the Omani government - has partnered with pioneering technology firm Yango Group to officially bring the Yango ecosystem to the Sultanate of Oman. The strategic collaboration will play a key role in propelling Oman's Vision 2040 and positioning Oman as a competitive digital hub in the region.

As part of the launch, ITHCA and Yango have completed the acquisition of Otaxi, a prominent Omani mobility platform. With support from the Ministry of Transport, Communications and Information Technology (MTCIT), the partnership will enhance Otaxi’s technology infrastructure to boost speed, accuracy, and service accessibility across all governorates.

Eng Said bin Hamoud al Maawali, Minister of Transport, Communication and Information Technology Stated that Otaxi has been acquired by a leading global firm and a major local technology company, marking a significant milestone for the Sultanate’s digital economy.

Eng Al Maawali Said "Otaxi was founded seven years ago and has grown into a national success story. The acquisition deal includes a strategic partnership between the two firms, aimed at expanding beyond taxi services into entertainment, promotions, retail via quick commerce, and other key sectors." he stated

Eng Al Maawali added "The move highlights the growing potential of Oman’s tech landscape and the rising impact of local entrepreneurs." he ended.

The new system will expand its range of services beyond taxi-hailing, including home delivery, car rental services, interactive maps, and more AI-driven offerings. These are all geared toward making Otaxi more international-standard compliant while also more integrated and customer-oriented experiences.

Eng. Said bin Abdullah al Mandhari, ITHCA Group CEO, highlighted the potential of strategic acquisitions to be a game-changer, stating: "This is a watershed moment for Otaxi. Aligning with a world technology leader not only strengthens its presence in local and international markets but also enables rapid absorption of global best practices."

He emphasized that these collaborations open new doors for Omani startups, speeding innovation, improving services, and paving the way for global competitiveness.

Islam Abdul Karim, Yango Group Middle East Regional Head, commented: "Oman's digital growth is underpinned by ambitious national strategies. We are pleased to collaborate with ITHCA to introduce globally-proven technologies tailored to local needs. We are committed to creating sustainable economic value by servicing communities through innovative digital solutions."

The launch of the Yango ecosystem in Oman reflects a broader commitment to public-private collaboration. It is part of national goals of economic diversification, job creation, and digital service development in priority sectors.

The collaboration also shows that Oman is open to working with international innovators, building a robust and inclusive digital economy that invites investment, fosters entrepreneurs, and empowers citizens with affordable, forward-looking technologies.