Ministry attracts local and international companies for investing in data hosting and processing

Ministry attracts local and international companies for investing in data hosting and processing

Muscat: The Ministry of Transport, Communications, and Information Technology has attracted local and international investor consortiums in the area of data hosting and processing in the governorate of Dhofar.

Green Data City is establishing a large-scale data centre for hosting, processing and mining data for various applications, such as distributed ledger technologies, blockchain, and Fintech, as a result of a partnership between local and international digital innovation companies.

The ministry’s mandate is to attract digital investments to the country in advanced technologies including data hosting and data processing. The ministry hopes through this investment opportunity to accelerate the adoption of distributed ledger technologies, blockchains, and fintech.

MTCIT believe that such advanced technologies have a promising future globally henceforth endeavouring to localise technology and create job opportunities for young Omani IT specialists. The investment opportunity totals more than OMR150 million in the full-fledged setup of the facility and will assist in providing more than 150 job opportunities during the construction and operations of the centre.

The investment opportunity capitalises on the digital investment incentives that Oman offers and more specifically on the abundance of submarine data cables landing in Oman that offers high-speed worldwide connectivity, availability and redundancy. Additionally, the governorate of Dhofar enjoys natural