Oman 70 Holding

Oman 70 Holding

Oman 70 Holding was set up in 2008 by founder Ibrahim Said Al Riyami, who remains vice-chairman of Ooredoo Oman. The firm describes itself as an apex investment entity and operates with a dual character — part national champion, part corporate holding company — deploying into projects that align with Oman's economic diversification agenda. Its principal offices are in Muscat, with no disclosed additional international branches as of mid-2026. The group's heaviest commitments are in telecom and infrastructure. Through its subsidiary Itqan Tech Development, Oman 70 is the promoter and major shareholder of Vodafone Oman, the sultanate's third mobile network operator launched in partnership with Vodafone Group. A parallel subsidiary, Burooj, anchors the infrastructure side by owning and growing what the firm calls the fastest-expanding telecom tower portfolio in Oman. In 2018, Oman 70 co-founded Oman Tower Company alongside Brookfield Asset Management and Oman Broadband Company, combining sovereign, foreign institutional, and state-enterprise capital into a single passive-infrastructure vehicle. Beyond connectivity, the portfolio holds direct real estate assets including The QUBE mixed-use development and the Crowne Plaza at the Oman Convention and Exhibition Center, while a dedicated arm — Measurement Trading — acquires residential, commercial, industrial, and hospitality properties. Public-equity and fixed-income exposures are managed through Project Investment, which uses external fund managers to build globally diversified liquid portfolios. Recent operational milestones underscore the firm's continued organic scaling inside Oman. Vodafone Oman has moved beyond launch phase into commercial operation, and Oman Tower Company has consolidated its position as the country's first independent tower operator. Oman 70 does not disclose total AUM or aggregate deployment, and no philanthropic foundation or family-office structure is publicly linked to the entity. The firm operates as a holding company with subsidiaries rather than a multi-family-office platform. Its structure merges investment management with industrial control. By acting as both promoter and major shareholder of regulated national infrastructure — a mobile operator and a tower company — Oman 70 occupies a governance position that few privately held holding companies in the Gulf Cooperation Council replicate. The mandate ties its capital decisions directly to the sultanate's employment and connectivity targets, making it less a conventional investment fund than a hybrid of sovereign-directed industrial policy and commercial asset management.