RO 17 million for projects

By: Kabeer Yousuf

MUSCAT: Giving a major fillip to development projects in Musandam, a number of contracts worth RO 17 million will be signed in two days at the Oman Chamber of Commerce and Industry (OCCI) Musandam, it is learnt.

These contracts with local small and medium enterprises (SMEs) will be signed as part of the First Investment and Job Opportunities Forum to be held on March 25 and 26, according to Hamed Mohammed Zaman Kamel al Raisi, Chairman of the OCCI branch in Musandam Governorate.

“We will be signing contracts worth RO 17 million with SMEs for basic infrastructure projects. These projects include construction of roads and bridges, hotels and other infrastructure for investors in the governorate as part of our support for SMEs and public companies in the country, and will be a milestone in the governorate’s march towards prosperity,” Al Raisi told the Observer yesterday.

These contracts will be for a period ranging from five to 10 years, while some are for even longer period. While RO 5 million worth projects will be awarded on the first day, the rest of the contracts will be entered into on March 26.

Nearly 20 big companies and 45 SMEs which are currently involved in public works and infrastructure projects in the governorate will be taking part in the event.

He stated that a number of government projects are currently under way in Musandam, but SMEs are not getting sufficient sub-contracts from big companies. “We are aiming to source SMEs in the country with special focus on those from Musandam to make use of the new infrastructure contracts in the governorate,” he added.

Apart from investment opportunities, the forum will also be a platform to generate employment opportunities for the local workforce.

“As many as 70 top jobs and 130 middle management opportunities will be generated from the government projects in the governorate during the two-day event. The employment contracts will be signed at the venue itself.

Almost all the ministries are joining hands for the event offering support in their capacity while a book which traces the history, possibilities and opportunities will also be unveiled at the event.

On the second day, ministers and other experts will deliver keynote address to the participants on a variety of topics. The key personnel include Shaikh Khalid bin Omar al Marhoon, Minister of Civil service; Said bin Salem al Kiyumi, Chairman of OCCI; Hamed al Amri, Under-Secretary of Ministry of the Manpower; and Ahmed Hasan al Deeb, Under-Secretary of the Ministry of Commerce and Industry.


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