The exhibition focusing on in-country value (ICV) opportunities was held at the Oman Convention & Exhibition Center on 30 September and 1 October 2018. The business and training opportunities for SMEs and young Omanis are in line with national objectives of prioritising opportunities that would arise from construction work of the project to be dedicated to growing local businesses and upgrade the skill levels of youth. The exhibition in Muscat was a follow-up to a similar forum organised in Duqm earlier.
Salim bin Nasser Al Aufi, undersecretary, Ministry of Oil and Gas, Sultanate of Oman, hailed the positive role played by Duqm Refinery in the local community, and the positive feedback on the ICV forum held the week before in Duqm Crowne Plaza, which lasted for three days.
“Duqm Refinery is the starting point for lot of other industries. It is the biggest industrial project under execution at the moment in Duqm. It is the catalyst for many other projects needed in the future. Duqm Refinery is driving lot of processes with regards to in-country value – localisation of the materials sourced and services provided. It is also a catalyst for the future petrochemical project that is integrated with the Duqm Refinery,” Al Aufi stated.
“In-country value is an absolutely critical initiative for the Sultanate. It is the direction that the oil and gas sector have adopted in the past, and the rest of the country is now embracing it. It is a mechanism by which we will retain lot of activities locally. And, we will be able to retain lot of industries locally,” commented Al Aufi.
“We try to identify the materials needed for various projects and, if it possible, those materials could be sourced from the local market, or if it not available today in the local market, then industries are created in order to supply those materials,” Al Aufi remarked.
“We encourage the investors not only to rely on the local market but also use the local market as a platform to start from, and look then around, and go beyond the borders of Oman. Many of them have already started doing that – they start locally; then they start embarking on international projects and they use the local experience to sell their know-how,” revealed Al Aufi.
“Duqm Refinery in-country value programme comes as part of the attention given by His Majesty Sultan Qaboos bin Said to develop local human capital and local SMEs as two of the main pillars to build strong economy in the Sultanate. Also, the programme aims at showcasing the opportunities for Omani youth so that they can compete on the ones that fit their specialisations and future aspirations,” Al Aufi pointed out.
“In-country value programme plays an important role in further strengthening the national economy by providing the chance for SMEs to contribute on building mega projects. These programmes also prepare national manpower to work in the major economic projects in the country as one of the main factors for its success,” opined Al Aufi.
“It seems that the financing world in very happy with what they have seen us doing. We have done enormous amount of due diligence from the project side; we have also done lot of due diligence on our environmental and social obligations. In-country value initiatives are a part of these obligations. Those due diligences are now complete. It seems that everybody is happy with what we have done in the past and what we are going to do in the future. The financing for the Duqm Refinery project was challenging, but it is done now,” said Jacobus Nieuwenhuijze, project director, Duqm Refinery.
“Duqm Refinery is a very good example of cooperation between Oman and Kuwait. And, this is just the first step. We are very carefully looking in to the next step, which will be a petrochemical complex. We have started all kinds of preliminary work on it. This project will start within a short time. The petrochemical complex will complete the vision that we have – first to have the refinery, which can economically stand by itself, to be followed by a petrochemical complex to support the economy,” Nieuwenhuijze emphasised.
The recent Duqm Refinery ICV event in Duqm succeeded in attracting many youngsters who sought business and training opportunities in the project. The Muscat ICV exhibition aimed at reaching wider sections of Omani youth to know more about those opportunities and to meet with the company officials to have a clear image about those opportunities.
Nas-ha’ bint Mohammed Al Falahia, general manager for corporate affairs, Duqm Refinery, stated: “ICV programme is one of the main milestones in our project journey for its role in supporting development efforts in Oman. This support can be seen in the business and training opportunities for Omani youth to prove themselves and to benefit from those opportunities during construction phase and after the operational phases.”
“We are glad to see the positive interaction from the local community on social media and in the event held recently in Duqm, and we look forward to contribute in the development of Oman’s economy and the Omani youth to become business and industry leaders in the future.”
Jasim bin Hassan Al Ajmi, head of corporate sustainability, Duqm Refinery, commented: “Our ICV programme is one of the key elements in the sustainability of the project, as it will generate business opportunities that will contribute in the progress of the project in the future. The ICV programme will also contribute in shaping and polishing the skills of Omani youth in various fields to empower them to grow in their career path to serve our beloved country, Oman.”
A number of public and private institutions took part in the exhibition such as SEZAD, Takatuf Oman, Al Raffd Fund, Public Authority for Small and Medium Enterprises (Riyadah), and the three global EPC contractors for the Duqm Refinery project.
All the opportunities offered under the Duqm Refinery ICV programme are showcased in a dedicated website – www.duqmrefineryicv.om – where students and SMEs can learn more about the opportunities and apply for various programmes.
SME owners who are interested in the business opportunities on offer need to be registered with the Joint Suppliers Registration System (JSRS) of the Ministry of Oil and Gas, Sultanate of Oman, to be eligible to compete on those opportunities.
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