THE LONG GAME
Diversification and focus are two main strategies being utilized by companies in Oman's ICT sector.
It is no secret that technology is already bringing major changes to the way we do business, the way we work, and the way we live. But for technology to bring all the good it promises us, firms must be able to read, understand, and react to the ICT services landscape as it transforms. Should tech companies be focusing on providing specialized services or diversify to attract all kinds of clients? That is the question ICT firms in Oman are currently trying to answer, along with how to carry out diversification.
With three broadband operators currently operating in the market (Omantel, Ooredoo, and Vodafone as of April 2020), Oman's broadband market is heavily penetrated. As such, operators are expected to invest in 5G, IoT, and Big Data to grow. For Omantel, 5G is the answer not only to future profit but also to future growth in infrastructure. A 51% government-owned company, Omantel is concentrating on 5G in order to diversify the market through bringing in new services to help businesses and individuals take advantage of 5G's capabilities. But 5G will rely on partnerships, rather than going solo. As CEO Talal Al Mamari told TBY, “This new 5G-based ecosystem will have to be developed around partnerships with both large-scale providers and other small firms, especially those which are launched by young entrepreneurs, to enable them to enter the space and continue creating application and innovative solutions, which are closely associated with specific communities and societies." It comes as no surprise, then, that Omantel recently signed a contract with Ericsson to have Ericsson provide managed end-to-end service operations, including its new 5G network. According to Ericsson Oman's Country Manager, Abdullah Al Balushi, Ericsson is working on “evolving" its own 4G/LTE infrastructure so operators will not need to invest in a fully new 5G infrastructure. With 5G, “service providers will play a more important role as they develop their capabilities; furthermore, they have the platform in place to deal with commercial and enterprise customers," Al Balushi said in his TBY interview.
Meanwhile, Oman Data Park (ODP) is going for a more diversified route. In his TBY interview, Maqbool Al Wahaibi, CEO of ODP, explained how the company's new Professional Services as a Service (PSaaS) will further diversify its current offerings, as PSaaS aims to guide customers through all facets of the digitalization process. In general, the ODP serves as a one-stop shop for all ICT needs, dealing with digital transformation, cybersecurity, and software, among others ICT-related issues. With its business lines, it hopes to help other sectors turn to outsourcing to help not only drive profits for companies, but also increase ICT infrastructure in all sectors. But for Oman, key ICT infrastructure will not solely driven by the private sector.
Like in most countries, the government in Oman plays a role in the development of ICT services through infrastructure investment. With technologies such as 5G and other tools of the fourth industrial revolution, infrastructure is especially vital. As such, the current government has invested in ICT infrastructure to create an enabling environment to spread ICT usage and help businesses in the sector, with the establishment of the Ministry of Technology and Communications (MTC) and its E.oman strategy. With E.oman, it specifically wants to provide job opportunities for nationals in IT sector and improve the quality of government services. Digital services currently in place include a government cloud, eTendering platform, government network, and national digital certification center
Furthermore, Oman's Sas Program aims to set up a national technology business entrepreneurship platform to enable the growth of IT and ICT SMEs in Oman through connecting governmental and non-governmental actors. Services offered include assessment, coaching, accountancy, mentoring, access to finance, and business facilities; in other words, a perfect sandbox for those smaller businesses looking to take advantage of Oman's growing ICT infrastructure. If Oman's ICT sector is to grow in depth and breadth, it will need plenty of smaller businesses to keep the current momentum going well into the future.
THE LONG GAME
TABLE OF CONTENTS
Focus: Future foreign policy
Friends to all, enemy to none
In championing the late Sultan Qaboos' non-interference foreign policy, the new ruler of Oman, Sultan Haitham bin Tariq Al Said, is determined to work for friendship and peace, justice and harmony, and coexistence and positive constructive dialogue.
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David Kalife, CEO, Oman Oil Marketing Company (OOMCO)
Despite Oman's fuel market slowing down, OOMCO increased its sales volume of lubricants by 36% in 2019 and is constructing a greenfield bunker terminal at the Port of Duqm. The company has transformed while growing its expertise in Marketing and Digital.
read articleInterview
Azzan Al Busaidi, CEO, Ithraa
Azzan Al Busaidi is an expert in competitiveness and economic growth. He was appointed CEO of Ithraa in 2019 after 17 years spent covering managerial roles in the organization. Al Busaidi was previously Ithraa's director general of planning and studies and is a strong advocate of the potential of digitization. He holds an MBA from the University of Strathclyde and a BSc in Economics from Sultan Qaboos University.
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Qais bin Mohammed Al Yousef, Minister of Commerce, Industry & Investment Promotion & Former Chairman, Oman Chamber of Commerce and Industry
Private Omani companies will be able to benefit greatly from the Fourth Industrial Revolution by enhancing their local value-added strategies and upskilling the workforce.
read articleInterview
Tahir Bin Salim Bin Abdullah Al Amri, Executive President, Central Bank of Oman (CBO)
The Central Bank of Oman's job is to ensure there is adequate liquidity in the system and that banks remain robust and resilient to meet the credit requirements of all segments without undermining financial stability.
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Capital markets
CMA and MSM are supporting Vision 2040 by providing financing to government companies that intend to go public, financing expansion of existing and new IPOs, and widening the investors base in Oman by enhancing and developing the investment funds and insurance industries.
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Khalid Al Balushi, CEO, Khazaen Economic City
International investors and business owners can benefit from Khazaen Economic City's strategic location and its close proximity to the main gateways of the country to import, process, manufacture, distribute locally, and export their goods and services.
read articleFocus: Port 4.0
Destined for greatness
Investments in world-class infrastructure have generated huge rewards for Oman. The goal now is to leverage technology as a disruptive enabler, build human capacity across the public and private logistics sectors, and drive operational efficiencies to build an integrated logistics business environment that is benchmarked against the world's best.
read articleFocus: Gap in tourism services
All bases covered
An amalgamation of local companies and unique experiences in Oman has created an original flavor that is further differentiating Oman's tourism offering from other countries and in the process attracting scores of tourists from all across the world.
read articleB2B
Engineering design
Renardet Engineering Consultants and Design Unit Engineering are recognized experts in their fields. While the former is an international company strongly committed to excellent engineering consultancy services and environmental practices, the latter is an Oman-based team of architects and engineers that incorporates local culture and traditions.
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Construction materials
Oman's construction sector is facing a host of challenges, but Hempel Paints and Al Maha Ceramics are confident that a mix of forward-thinking business models, unique products, and strong government initiatives will help them through turbulent times and generate positive returns in the long run.
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Salim Razvi, CEO, Oman Academic Accreditation Authority (OAAA)
Focusing on higher education institutional accreditation, program accreditation, and the updating and maintaining of the Oman Qualifications Framework, OAAA is helping further advance higher education in the Sultanate.
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