Muscat: The Ministry of Know-how and Communications (MTC) signed a memorandum of cooperation with BankDhofar at Sas Heart for 4th Industrial Revolution (4IR) to run and handle an innovation lab on the centre. The MoC was signed by Dr Salim bin Sultan Al Ruzaiqi, CEO of MTC and Abdul Hakeem Omar Al-Ojaili, CEO of BankDhofar.
The innovation lab shall be devoted to be used by college students, tech startups will deal with the creation of fintech options and functions.
Dr Salim bin Sultan al Ruzaiqi, CEO of MTC mentioned, “Not too long ago, the ministry has launched SAS Heart for the 4th Industrial Revolution to maintain tempo with the present developments within the ICT sector. Signing this MoC with BankDhofar displays the numerous function of the personal sector in supporting this dynamic sector and the Omani youth initiatives in entrepreneurship.”
“By this cooperation, we hope to create an encouraging atmosphere that may generate pioneering Omani options within the subject of banking and finance based mostly on the functions of the 4th IR applied sciences. We wish to lengthen our because of BankDhofar for his or her assist and cooperation and we strongly urge the personal sector organisations to proceed their function in empowering numerous fields and sectors, he additional added.”
Abdul Hakeem Omar Al Ojaili, CEO of BankDhofar, said, “We’re proud to affix arms with Ministry of Know-how and Communications on this new initiative. The progressive lab at Sas Centre for 4th Industrial Revolution serves our imaginative and prescient of contributing to such tasks of nationwide worth, and it additionally contributes to the event of Fintech subject on the whole. We’re within the midst of the 4th Industrial Revolution the place the banking sector has to grab the chance and participate, supporting the youth and inspiring them to grow to be efficient in a subject which is able to positively contribute to the nationwide financial development sooner or later. We’re trying ahead to see the outcomes of this lab and the progressive youth tasks within the Fintech subject.”
In accordance with the MoC, MTC and BankDhofar will work collectively to establishing, internet hosting, and managing the innovation lab and making a bodily open house to offer mentorship and coaching for supporting college students, workers, startups and fintech firms. The lab is predicted to assist in producing new progressive concepts and ideas for BankDhofar and its stakeholders. Apart from, MTC and BankDhofar will conduct coaching periods and boot camps for the lab’s customers within the fintech subject.