ITHCA and Saudi Vision VC Forge Pathway for Omani Startups into KSA Market

3 min
Oman's ITHCA Group partners with Saudi Vision Venture Capital to aid Omani start-ups.
The collaboration provides access to Saudi Arabia's venture scene and extensive networks.
It aims to simplify cross-border scaling for tech start-ups in the Gulf region.
MENA's economy is set to grow, enhancing regional opportunities for tech ventures.
This signifies a connected Gulf venture landscape for Omani founders and Saudi investors.
The latest tie-up between Oman’s ITHCA Group and Saudi Vision Venture Capital caught my eye this week, partly because it taps into something we’ve been hearing from founders across the region for ages: breaking into Saudi Arabia can feel like a bit of a faff, even for strong Omani teams. So when an agreement promises to open real doors—actual networks, real investor attention—it’s worth paying attention.
According to the details shared publicly, the two sides have formed a strategic investment partnership designed to give Omani tech start-ups a clearer pathway into Saudi Arabia’s rapidly expanding venture scene. ITHCA, which operates under Oman Investment Authority and channels its investments through the ITHCA Fund, has already backed 36 companies, mainly in AI, fintech, software and other digital-first sectors. Many of those founders are now eyeing Saudi Arabia as their next big leap, and this arrangement is meant to smooth that journey.
Saudi Vision Venture Capital, known for taking early bets on tech ventures around MENA, is expected to offer not just money but also access to its networks and know-how—something founders often say is spot on when it comes to scaling across borders. On the flip side, it also strengthens the ongoing cross-border collaboration we’ve been seeing between Gulf ecosystems. I reckon this kind of partnership is becoming less of a luxury and more of a necessity.
A few months ago, while speaking with young entrepreneurs at an Arageek community event, I remember how many of them said they felt “locked out” of neighbouring markets, even though they were only a short flight away. So a move like this might just give them the push they need—well… I mean, as long as the follow-through is solid. And believe it or not, even tiny things like shared mentorship sessions can make founders feel chuffed to bits about regional opportunities.
The backdrop to all this is a MENA economy forecast to grow 3.6% in 2026, outpacing the global 3.1% according to the Mastercard Economics Institute. Oman itself has been building momentum with digital-bank regulations and a live fintech sandbox driving its 2025 targets. If those policies hold steady, the pipeline of start-ups seeking regional exposure could grow even faster—definately a trend worth watching.
In the end, this collaboration doesn’t magically solve every challenge, but it does signal something meaningful: a more connected Gulf venture landscape where an Omani founder isn’t boxed in by borders, and a Saudi investor can spot high-potential tech talent early on. For anyone building in the region, that’s not just encouraging—it’s long overdue.
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