Oman’s ITHCA, ADQ Establish Joint Investment Fund

Muscat, Within the context of the state visit to Oman by Sheikh Mohammed bin Zayed Al Nahyan, President of the United Arab Emirates (UAE), ITHCA Group, today signed a memorandum of understanding (MoU) with Abu Dhabi Developmental Holding Company (ADQ).

The MoU was inked by Atif Said Al Seyabi, Vice President of ITHCA, and Mohammed Hassan Al Suwaidi, CEO of ADQ.

The MoU provides for the establishment of a RO 60 million fund to invest in nascent modern technologies in Oman.

 

Source: Oman News Agency