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FinancialNews
02-10-18
UK, Oman ink deal to create tech gateway
(MENAFN) Oman Technology Fund (OTF) and the UK's Hambro Perks (HP) inked a memorandum of understanding for the formation of a British-Omani Technology Gateway.
The agreement was penned in London by CEO of OTF Yousef al Harthy, and CEO and co-founder of Hambro Perks Dominic Perks.
The gateway is to be created to ease the process of developing Omani technology startups to enter the British market, the Omani technology fund assured.
The agreement was also guaranteed by OTF to be encouraging the decline of the expense needed to get into new markets.
HP chief stated "the gateway establishes a close working relationship for technology investment opportunities between the UK and Oman."
Perks added "we are glad to be able to support UK-based startups 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."
MENAFN0210201800450000ID1097516191
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