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Bosses of state-owned firms participate in OIA workshop

4 Nov 2020

Oman Investment Authority (OIA) is continuing to hold a series of workshops for its holding companies’ chairpersons and CEOs as part of the ‘Rawabet’ programme, which aims at establishing a comprehensive and unified governance framework for the state-owned enterprises (SOEs).

The second workshop of OIA started with a welcome note by H E Abdulsalam bin Mohammed bin Abdullah al Murshidi, president of the Oman Investment Authority, complementing the dedication and cooperation demonstrated by the SOEstowards achieving the ultimate objectives of ‘Rawabet’ programme.

H E Murshidi highlighted the matters covered in the first workshop including the grounds for which the programme was established, focusing on the strategic directions of the companies and their alignment with the Oman Vision 2040, particularly highlighting partnership with and empowerment of the private sector.

The workshop also hosted H E Qais bin Mohammed al Yousef, Minister of Commerce, Industry, and Investment Promotion. H E Yousef stated that he looks forward to the anticipated governance policies and frameworks for the state-owned enterprises to ensure the empowerment and integration of the private sector as well as to promote synergy between the companies within the business community at large.

H E Yousef also highlighted the importance of cooperation with the ministry in line with its plans for private sector development, the adoption of local content approach through supporting local products, and prioritisation of local industries in tenders. He further noted the importance of empowering SMEs, especially at this stage of the changing economic landscape.

The workshop highlighted the key pillars of the Rawabetprogramme, namely corporate governance of the state-owned enterprises, strategic management direction, and the synergies between them. 

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