Oman’s ITHCA Group Partners with Lumotive to Boost Semiconductor Innovation

Editorial Team

Last updated 14-05-2025

2 min

Oman's Idhka Group invested in Lumotive to boost semiconductor innovation and knowledge transfer.

This is Idhka's second investment, aligning with Oman's Vision 2040 for advanced technology.

The goal is establishing a hub of Omani talent, impacting regional and global markets.

Lumotive aims to expand regionally, focusing on research and advanced technical design.

The partnership supports Oman's digital transformation and sustainable future goals.

Oman's ITHCA Group has signed a strategic investment deal with Lumotive, an innovative American company specialising in programmable semiconductors.

The deal marked a significant moment, with ITHCA CEO, Saeed bin Abdullah Al-Manthari, joining Lumotive's CEO, Wissam Haidari, to formally sign the agreement. According to Al-Manthari, this investment reaffirms ITHCA's commitment to fostering innovation and facilitating knowledge transfer within the sultanate.

Notably, this isn't ITHCA's first foray into the semiconductor feld. As Al-Manthari explained, it marks the group's second significant investment in this pioneering sector and aligns squarely with Oman's ambitious Vision 2040 strategy. The nation's broader vision aims to boost Oman’s standing as a regional hotspot for advanced technology and a dynamic knowledge-driven economy.

According to ITHCA, this latest move specifically targets the establishment of a hub populated by home-grown Omani talent in semiconductor design, serving both regional and global markets. For those who, like us at Arageek, follow Oman's tech sector closely, it's encouraging to see such tangible commitments to innovation and technological growth.

Equally enthusiastic about the partnership was Lumotive's Wissam Haidari, who highlighted the company's eagerness to expand its regional presence by teaming up with local expertise in Oman. Specifically, he said Lumotive is keen to collaborate closely on research, development and advanced technical design.

It's clear the deal isn't just about business; it shines a genuine spotlight on the country's drive towards a digitally empowered, sustainable future. Given the rapid pace of change within the tech industry, such strategic partnerships could well prove instrumental in positioning Oman at the frontline of global innovation.

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