Oman’s AI investment reaches $155.9 Million in 2024

Oman’s AI investment reached $155.9 million in 2024. The Sultanate is actively attracting foreign companies and experts to share experiences and jointly develop AI technologies.

In December 2024, the Oman Investment Authority (OIA), the country’s sovereign wealth fund, acquired a stake in xAI, a company founded by Elon Musk. The OIA is also an investor in Musk’s aerospace company, SpaceX.

"The rise in AI investment is a sign of Oman’s efforts to diversify its economy and reduce its dependence on oil revenues. Collaboration with leading global companies such as xAI and SpaceX provides opportunities for the country’s technological development and integration into global innovation processes."

However, participation in international investment projects requires careful analysis and compliance with local and international legislation. It is important to consider intellectual property issues, regulation of cross-border transactions and tax obligations.

By contacting us, you will receive:

• Advice on international investments in the field of AI, including risk analysis and development of strategies to minimize them.
• Assessment of prospects for cooperation with foreign technology companies and development of integration plans.
• Support for transactions to acquire shares in foreign companies, including due diligence and preparation of necessary documentation.
• Advice on intellectual property issues related to joint technology development and exchange of experience.
• Navigation through international regulatory requirements related to investments in high-tech sectors.