(MENAFN- Muscat Daily) A group of subsidiaries and affiliates of Oman Oil Co (OOC) signed 35 contracts worth over RO17mn with local small and medium enterprises (SMEs) at the recent Business Opportunities Forum.
In addition to further providing new avenues for companies looking to establish a foothold in the energy sector the group presented over 142 additional contracts exceeding RO500mn that will be up for grabs in the coming year and highlighted the currently available business opportunities for SMEs within OOC and its group of companies' portfolio of projects and their relevant details a press release said on Sunday.
'The Business Opportunities Forum not only led to signing of contracts with SMEs in the oil & gas sector but offered a platform that will enhance the participation of new local and international entrants into the industry. Whether it meant facilitating knowledge transfer sharing experiences or offering guidance the event presented an opportunity to empower these enterprises and enhance their capabilities and resources' Eng Isam al Zadjali CEO of OOC stated in a release.
Organised by the Oman Chamber of Commerce and Industry (OCCI) in partnership with OOC and the Public Authority for Small & Medium Enterprises Development the forum witnessed the participation of more than 160 local and international companies. In line with OOC's strategy the two-day event aimed to support the sultanate's in-country-value (ICV) programme and deliver long-term sustainable development by stimulating growth across various sectors.
Eng Zadjali added 'We along with our group of companies support all national efforts that lead to developing a successful ICV programme and we are confident that the propositions we have introduced and tendered will boost the investment climate in Oman and increase the country's competitiveness amongst developed countries.'
Believing that every investment has the potential to generate value OOC and its affiliates and subsidiaries engage with local and international investors to offer lucrative business opportunities to SMEs and assist them in meeting the requirements of a constantly changing industry contributing to the development of supply chains and building the capacities of the national workforce. This is a clear indicator of the group's disciplined investment strategy which is only expected to grow year-on-year.
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