• Oman

    • Ezaa Group Signs Strategic Investment Agreement to Support Startup Expansion

    By on December 16, 2025

    Ezaa Group Announces Strategic Investments to Support Omani Tech Startups and Strengthen Omani-Saudi Cooperation

    Muscat: The Ezaa Group today announced three strategic investments aimed at accelerating the growth of Omani emerging technology companies and strengthening the partnership between the Sultanate of Oman and the Kingdom of Saudi Arabia in the fields of communications, information technology, innovation, and entrepreneurship.

    The announcement was made during a ceremony organized by the Ezaa Group, which included a review of the latest developments of the Ideas Stage Fund, the unveiling of its new identity under the name OTF SCALE, the launch of the “Bawabat” Accelerator in cooperation with Al-Jabr Company and with the support of the National Technology Development Program in the Kingdom of Saudi Arabia, as well as the signing of a joint investment agreement with Vision for Saudi Venture Investment.

    The Ezaa Group continues to strengthen its role as an accelerator for emerging technology companies. To date, the fund has implemented 36 investments within a record timeframe, with 11 percent of the supported companies successfully securing follow-on funding rounds, positioning the fund among the fastest early-stage support programs for technology startups.

    The fund focuses on enabling founders to develop prototypes and build scalable technology companies, with particular emphasis on artificial intelligence, financial technologies, software, and digital services. It adopts a joint implementation model between the Ezaa Group and Al-Jabr Company to provide intensive mentorship and prepare a new generation of startups capable of regional and international expansion.

    The “Bawabat” Accelerator is a six-month program designed to enable Omani startups to enter the Saudi market by connecting them with investors and providing structured growth and expansion opportunities.

    Meanwhile, the joint investment agreement with Vision for Saudi Venture Investment represents a strategic step toward expanding access for Omani startups to the Saudi investment ecosystem and leveraging regional expertise and networks, thereby supporting sustainable growth in competitive markets. The agreement was signed by Engineer Saeed bin Abdullah Al-Mundhiri, CEO of the Ezaa Group, and Qais Al-Issa, CEO of Vision for Saudi Venture Investment.

    Engineer Saeed bin Abdullah Al-Mundhiri stated that these initiatives represent a qualitative leap in supporting innovation and technology in the Sultanate of Oman, opening broader horizons for entrepreneurs to enter regional markets—particularly the Saudi market—with confidence and competitiveness.

    For his part, Mohammed bin Salem Al-Wahaibi, CEO of Al-Jabr Company, said that the “Bawabat” Accelerator is not merely a support program, but a practical bridge that shortens the path for Omani startups to enter the Saudi market through systematic preparation, operational readiness, and strong investment partnerships aligned with market needs.

    Qais Al-Issa, Co-Founder and CEO of Vision for Venture Investment, noted that the partnership with the Ezaa Group marks a strategic step in supporting Omani technology companies and integrating them into the regional investment ecosystem, contributing to accelerated growth and sustainable economic impact.

    Meanwhile, Ibrahim Nemaz, CEO of the National Technology Development Program, emphasized that the Sultanate of Oman and the Kingdom of Saudi Arabia, alongside other GCC countries, share a unified vision to support technology entrepreneurship and foster the growth of startups. He affirmed that this cooperation will enable Omani and Saudi companies to access new markets, reach investors and partners, and capitalize on growth opportunities within the regional ecosystem.

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