Oman Technology Fund inks pact to set up ‘British-Omani Technology Gateway’

Oman Technology Fund (OTF) has announced the establishment of a ‘British-Omani Technology Gateway’ — a platform designed to enable UK-based start-ups from HP’s portfolio to access the Sultanate’s technology eco-system.
A Memorandum of Understanding (MoU) to this effect was signed recently between Yousuf al Harthy, CEO of Oman Technology Fund (OTF), and Dominic Perks, CEO and co-founder of Hambro Perks (HP).
The signing ceremony, held at Hambro Perks’ headquarters in London, was also attended by senior officials from the Omani Embassy in London, the UK’s Department of International Trade, and prominent technology investors from the Sultanate of Oman.
The Gateway will also allow technology start-ups from OTF’s portfolio and various accelerator programmes an opportunity to be based at Hambro Perks’ eco-system and co-working space in Central London, with a first cohort planned for November 2018.
The MoU also establishes a ‘Joint Working Committee’ made up of senior members from OTF and HP to further the objectives of the ‘British-Omani Technology Gateway’ with details about current opportunities and next steps discussed immediately after the signing.
“The Gateway establishes a close working relationship for technology investment opportunities between the UK and Oman,” said Dominic Perks, CEO and co-founder of Hambro Perks. “We are glad to be able to support UK based start-ups that are looking to expand into the Omani market and the wider Middle East region. Moreover, Oman and the region have various exciting opportunities for HP as we start to invest globally and we are excited to explore this potential with the help of OTF. It promises to be a fruitful, rewarding and long-term relationship”.
Yousuf al Harthy, added: “OTF is looking forward to starting to implement this important MOU as it opens the doors for startups from both countries to expand into new markets more efficiently and with the help and support of our two organisations.” Hambro Perks is a London based venture firm with permanent capital focused on building large global technology-enabled companies from the UK.
Oman Technology Fund (OTF) is an Oman-based fund backed by the Government of Oman seeking to make investments in emerging technology enterprises in Oman and the wider region.