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December 4, 2023

OQ Forum on ICV Opens in Dhofar


(ONA) — OQ Forum on In-Country Value (ICV) was opened in Dhofar Governorate today under the patronage of Dr. Ahmed Mohsen Al Ghassani, Chairman of Dhofar Municipality.

The forum is organized by OQ Group in cooperation with the Authority of Small and Medium Enterprises Development (ASMED). The forum is held as part of the Group’s efforts to expand the base of beneficiaries of contracts, purchases and tenders it offers across all its sectors and companies.

Ahmed Said Al Barami, Vice President for Finance and Procurement Affairs at the OQ Group in Salalah sector, gave a speech in which he highlighted the capabilities of small and medium enterprises and entrepreneurs to contribute to providing OQ’s needs of services and goods with high quality and in a timely manner.

He explained that the forum provides an opportunity for small and medium enterprises to communicate with the Group that seeks to expand the base of beneficiaries.

For his part, Khalid Khalfan Al Asmi, Executive Director of the OQ Group in Salalah, said that Oman Vision 2040 aims to develop small and medium enterprises, which the Group seeks to enable them to play a tangible role in recirculating capital in the Sultanate of Oman, and to advance the capabilities of Omani youth in free enterprise and entrepreneurship.

On the sidelines of opening the forum, an exhibition was held that included introductory platforms highlighting the procedures for procurement and tenders, and others for ICV and its importance, as well as the Group’s enablers designed to empower local companies, in addition to (Tawreed) platform for registering companies in OQ.

The forum aims to open broader horizons for entrepreneurs, and introduce how to register companies in the OQ Group, as well as ways to benefit from the purchases and contracts the Group offers.

The value of contracts awarded to national companies in Dhofar Governorate stands at about USD 47 million during the period from January to October of 2023. These contracts represent 32 percent of the total purchases paid compared to the target of 23 percent.

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