Muscat – Oman Investment Authority (OIA) started the fourth forum of its institutional connectivity programme ‘Rawabet’ on Sunday.
The programme aims to link the policies of OIA’s 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 Oman.
The two-day conference is being 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 in-country value for OIA firms, identified as the aggregate in-country spending benefiting businesses, contributing to the development of human resources and motivating productivity of the Omani economy. The forum also touches on the role of OIA firms in empowering small and medium enterprises so that they contribute to economic diversification in the country.
With a view to exchanging expertise available in OIA companies, the forum’s workshops focus on major challenges and best practices to address these, the organisation of joint activities and the development of a clear-cut plan of action on ideal initiatives to be implemented.
The forum explores the march of Rawabet programme since its inception and its outcomes like integrating corporate governance policies, ICVs, social investment policies, research and innovation.
Rawabet was launched by OIA in September 2020. Since then, it has conducted more than 400 events involving the contribution of more than 300 employees of its affiliate firms. It also organised three workshops with chairmen of boards of directors and CEOs.