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Connecting people beyond boundaries

ICT is focused on Middle Market transactions

Small and Medium Enterprises (SMEs) are the main source of private sector investment in MENASA − SMEs make up more than 90% of private enterprises across the GCC

Large "Bulge-Bracket" investment banks entering MENASA do not serve SMEs (they are too small)

Traditional banks do not service SMEs which need equity growth financing; commercial banks focus on asset and cash flow based lending

Construction engineer planning and briefing for safety and build factory in oil refinery plant

ICT is well positioned to provide financial advisory and capital arranging services to the unique historical economic expansion now underway in MENASA Region because:

  • The principals have been in MENASA Region for a period of 35 plus years thus building a host of long standing relationships with various sources of funds in the region

  • ICT has built a significant deal pipeline. With scaled-up offices in MENASA Region, ICT Oman will be in a position to further monetize its relationships

  • ICT has developed a significant MENASA Region distribution network consisting of high level contacts for deal flow and sources of capital

  • The Team understands and appreciates the Region's business culture


ICT is involved in "greenfield" project development that other investment banks avoid. There are many of these types of projects because MENASA Regional economies are in the early stages of diversifying from hydrocarbon

Initial Handholding
Feasibility Study
Implementation Process


• ICT Oman conducts seminar / conferences at Chambers of Commerce.
• It has done it for three years at the Mahratta Chamber of Commerce, Industry & Agriculture in Pune India and one at its associate – Duane Morris Selvam office in Singapore
• Seminars at Duane Morris offices in the US
• Participation was excellent and has resulted in at least two projects in Oman which are at various levels of progress

Initial Handholding

• ICT Oman makes presentations to clients on the various structures which are available for setting up Companies / Projects in Oman
• It answers specific business related queries and also assists on the legal queries with the help of its associate – Duane Morris Oman
• ICT arranges visits to Oman and to the various industrial estates and free zones, Meetings with regulators, Banks and Institutions to enable clients to get a complete first hand idea of doing business in Oman

Feasibility Study

• ICT Oman prepares feasibility study on behalf of client (either in-house or using external expertise)
• It presents the feasibility study to client’s decision making bodies to enable them to take an informed decision

Implementation Process Study

• ICT Oman supports implementation by providing support in terms of: Identifying suitable local partners
• Arranging legal documentation in association with Jeff Rodwell or Duane Morris Selvam
• Assisting in Company formation process including from name booking all the way to completing registration formalities and obtaining Company Registration certificate
• Providing logistics and management support during initial period including identification and negotiation with bankers, consultants, contractors, suppliers

Our experts


Dr. Shirish M. Gupte

CEO & Managing Director


Khalid Ansari - KMA



Anil Kaushik

Director & Partner


Scott C. Matchett


View all experts



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• ICT held a seminar at the Mahratta Chamber of Commerce, Industry & Agriculture. Managing Director, of client Company was an attendee as the Vice President of the Chamber
• Initial meeting was held in Pune, India with Sh. Salim Tamman and an exploratory visit to Oman was agreed upon

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• ICT arranged for Client team visits to Sohar and Salalah Industrial Estates and Free Zones, Port of Salalah, Bank Muscat
• Brief note / presentation was made to Client

Classical Theatre

• Financial Services Agreement was signed between ICT and Client which covered
• Initial MOU with prospective Omani Companies
• paper with BREAK CLAUSE
• Feasibility study and financing subject to acceptance of Concept paper
• ICT prepared Concept paper proposing different product mixes reviewing pros and cons of Product mix as well as locations


• Initial Concept paper / MOUs were reviewed. Client teams re-visited Oman and zoned in on Salalah as location.
• Meetings were also held with prospective clients of the products
• Client Board took a decision to proceed with full feasibility study

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• ICT team prepared pre-feasibility study with the assistance of Client Project team.
• The Project was reviewed by the Client board and based on their suggestions the sizing was changed
• The feasibility study draft was prepared with the new sizing

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• Client board did its due diligence and expanded the project scope to include downstream process.
• Final document in preparation.
• Go ahead for project was given


• Client/ICT team has started preparing detailing of Project
• Local Company has been formed in Oman
• Sub-usufruct Agreement signed with Salalah free zone
• Shareholder Agreement signed, and funded

Success Stories


  • IFMA
  • The Society for College and University Planning
  • AIA
  • Urban Land Institute
  • smps
  • ILA
  • COAA