Rihal 3rd fastest-growing ME tech firm
Deloitte Middle East has released the third edition of the Middle East Technology Fast 50 list, ranking Oman’s Rihal as the third fastest-growing tech startup in the region, thereby consolidating its status as a leading technology company.
Deloitte reported that all companies on the list across various technology sectors in the Middle East and Cyprus - including software development, fintech, media, entertainment, artificial intelligence and other key areas - experienced rapid growth over the last four years.
Cyprus-based fintech company Capital.com claimed the top spot for the third consecutive year with an astounding 4,411% growth, followed closely by Salla, an e-commerce company based in Saudi Arabia with a growth of 3,550%.
Rihal outperformed its peers on the list with a remarkable 2,441% growth, reflecting strong customer trust and the high quality of its innovative projects. Specialising in digital transformation services and efficient database management, Rihal supports government entities in their digital transformation by digitising services, automating internal processes, and enhancing efficiency, development and quality.
Rihal has served various government and private entities for over five years, offering these a broad range of services. These include process automation as an initial step towards digital transformation, AI solutions for complex problems, data management for accurate and readily available data, software engineering to convert customer needs into seamless technical software solutions, and It-enabled resource management to equip companies with technical resources.
Rihal has also launched tech products like Jadawal, Eysal, Hassad and Iqraa to help companies and organisations streamline their operations using data and AI for increased efficiency. These achievements affirm Rihal’s excellence in technology, showcasing Omani expertise and its prominent regional standing. This success contributes positively to the growth of Oman’s tech sector and boosts the nation’s economy, knowledge and innovation.
Scott Whalan, Deloitte Private
Leader, said, “The start-up community proves to be resilient time after time. It is inspiring to witness the remarkable accomplishments of this year’s applicants, a true testament to a bright future filled with growth. We are proud to support and be part of an innovative ecosystem.”