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  • 10-05-16

    Oman's first venture firm starts operation

    (MENAFN) Oman's first based-venture capital firm, Innovation Development Oman Holding SAOC (IDO) started its operations.

    However, "in the Sultanate technology and innovation focused venture capital has not been available, so this will make a problem" as reported IDO managing director.

    Moreover, the company will make venture capital investment in firms and start-ups that have innovations, technologies at the core.

    In addition, the firm also seeks for an investment of USD 1.035mn to USD 12.93mn, which will invest in the fields of energy, technology and food.

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