Investors back Oman’s AI economic zone

Investors back Oman’s AI economic zone

Omani and Egyptian investors are pouring $265 million into a new economic zone in Muscat to draw startups working on AI. Egyptian conglomerate Prime Group has partnered with Omani real estate developer Afouq to invest in the 100,000 square-meter zone on the sultanate’s coast, with the government’s Ministry of Transport, Communications, and IT acting as an adviser.While the new district represents a small fraction of the billions being invested b…