ITHCA Group

Overview

ITHCA Group, established in 2019, is a sovereign-backed technology investment firm based in Oman, dedicated to advancing the nation's digital transformation and economic diversification. The firm focuses on strategic investments in emerging technologies such as artificial intelligence, internet of things, smart cities, big data, and blockchain, aiming to position Oman as a regional hub for the fourth industrial revolution. ITHCA Group operates as a strategic investor within Oman's ICT ecosystem, balancing financial returns with national objectives to maximize value creation over a mid-to-long-term investment horizon. The group's investment strategy is guided by four main pillars: improving existing assets, capitalizing on market segments where Oman has a competitive edge, transforming for the future by embracing emerging technologies, and optimizing impact through ecosystem-wide enabling factors. These strategic objectives align with Oman's Vision 2040, which seeks to build a knowledge-based economy and foster sustainable growth. ITHCA Group's portfolio includes key entities such as Oman Broadband, Oman Technology Fund, Oman Towers, and Space Communication Technologies, reflecting its commitment to enhancing the nation's digital infrastructure and capabilities. In recent years, ITHCA Group has made significant investments to bolster Oman's presence in key technology sectors. In October 2025, the firm announced a strategic investment of $20 million in Movandi, a U.S.-based leader in semiconductors and smart wireless connectivity solutions, aiming to strengthen Oman's communications and semiconductor ecosystem. Additionally, in April 2025, ITHCA Group, in partnership with Yango Group, acquired Otaxi, a leading Omani mobility platform, to enhance digital transformation in the transportation sector. These initiatives underscore ITHCA Group's proactive approach to fostering innovation and supporting the growth of emerging technologies within Oman and the broader MENA region.