back to top

Oman plans OMR 10 million initiative to empower economy through AI

The national initiative, launched with the support and supervision of the Ministry of Economy, in cooperation with the Ministry of Transport, Communications and Information Technology, is aimed at enabling and encouraging investment and integration of artificial intelligence applications and technologies in development projects and programs in the economic diversification sectors specified in the Tenth Five-Year Development Plan (2021-2025).

It is structured to achieve economic development based on the technologies and uses of artificial intelligence; enhance the efficiency of development spending by increasing productivity, improving quality and reducing costs; enable and integrate AI applications and technologies into developmental projects; develop smart government services and ensure their quality; and enhance investment opportunities based on technology and innovation

As part of the application mechanism, government agencies and institutions will submit initiatives to the Ministry of Economy, which will be subject to evaluation by a specialized team in cooperation with the Ministry of Transport, Communications and Information Technology.

Latest

Hyatt plans to expand lifestyle portfolio in Europe, Africa and Middle East by 30% over next three years

Hyatt Hotels Corporation (NYSE: H) today announced plans to...

Gulf Air Group appoints Mohamed Mazen Matar as Group Chief People Officer

Gulf Air Group (GFG), Bahrain's aviation group, has announced...

Dubai real estate sector sees $38 billion of sales in Q1

The latest data from fäm Properties shows that the...

UAE ranks first globally in Global Entrepreneurship Monitor Report

Reaffirming its position as the world’s top environment for...
spot_img

Don't miss

National Life and General Insurance Company: Delivering value beyond insurance to customers

Oman’s largest insurer NLGIC is on course to become a regional multi-line, multi-country giant delivering value beyond insurance to the customers.

AI central to UAE’s economic diversification, says COP28 President-Designate

AI will contribute to the UAE’s net zero strategic initiative by 2050 and help unlock advances in climate progress, says H.E. Dr. Sultan Ahmed Al Jaber, UAE Minister of Industry and Advanced Technology.

Economic growth in GCC to more than halve in 2023: World Bank report

However, the GCC growth will still outperform the wider Middle East and North Africa region, forecast to grow by 3% in 2023, down from 5.8% growth in 2022.

KitchenomiKs aims to transform on-demand food economy in Oman

KitchenomiKs cooks up dainty on-demand delicacies, tossing in emerging technologies, yummy multi-brand choices and seamless delivery.

Real estate sector in GCC experiencing ‘profound transformation’: Expert

The real estate sector in the GCC region is...
spot_imgspot_img

Google unveils Gemma 3 to outperform Llama and Deepseek

Google has launched Gemma 3, its latest open-source large language model (LLM), designed to deliver high-performance AI capabilities on a single GPU.

Music industry sees highest payout in history as Spotify’s revenue surges

The Swedish streaming giant announced the record-breaking payments as part of its continued push for artist compensation, marking a tenfold increase from the $1...

Airtel partners with Elon Musk’s SpaceX to bring Starlink internet to India

Airtel has joined forces with Elon Musk’s SpaceX to introduce Starlink’s high-speed satellite internet services to India, marking a significant milestone in the country’s telecom sector.