The governments of Qatar and Oman have agreed to pool resources to drive innovation, even as neighbouring countries continue their trade blockade.
The innovation deal was signed on 27 September between Qatar Foundation—the national research funding agency—and the Oman Technology Fund, a $200-million investment fund for technology companies set up by the government in 2016.
The agreement aims to strengthen innovation in both countries and “make an impact in the global tech market”, the Qatar Foundation said in a statement. The deal aims to support the creation of tech start-ups by increasing their access to investment and to drive the development and commercialisation of new technologies.
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