Muscat, 12 Dec (ONA) – Oman Investment Authority (OIA) held the fourth forum on its institutional connectivity programme “Rawabet”, which aims to link the policies of its affiliate firms with its overall approach to goals of Oman Vision 2040 targeting the development of sources of economic diversification, the consolidation of the volume of non-oil revenues in the Gross Domestic Product and the attraction of direct foreign investments to the Sultanate of Oman.
The two-day conference is attended by ministers, undersecretaries, chairmen of boards of directors of OIA firms, CEOs and other specialists.
The first day’s activities included the launch of a programme of ICV for OIA firms, identified as the aggregate in-country spending benefiting businesses, contributing to the development of human resources and motivating productivity of Omani economy.
The forum also touched on the role of OIA firms in empowering small and medium enterprises so that they could contribute to economic diversification in the country.
With a view to exchanging expertise available at OIA companies, the forum’s workshops focused on major challenges and best practices to address them, the organisation of joint activities and the development of a clear-cut plan of action on ideal initiatives to be implemented.
The forum explored the march of Rawabet programme since its inception and its outcomes like combing corporate governance policies, ICVs, social investment policies, research and innovation.
Rawabet was launched by the OIA in September 2020. Since then, it conducted more than 400 events involving the contribution of more than 300 employees of its affiliate firms. It also organized three workshops with chairmen of boards of directors and CEOs. It also held more than 40 workshops with executives tasked with the unified framework of governance.