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Oman: As part of its endeavor to enhance its contribution to the national GDP and economic growth, the In-Country Value team of Nama Holding organized a series of workshops on the ICV performance and indicators of the group companies.

These workshops targeted senior management, executive management, and technical teams in the group companies to discuss the latest updates and current performance of the group-related ICV projects and initiatives, as well as to highlight the significance of reinforcing the role of small and medium-sized enterprises to contribute to executing the group’s businesses.

On August 7, 2023, the ICV roadshow began with a workshop with Nama Supply’s top management, which was followed by sessions with the concerned teams of other companies within the Group to discuss the scale of businesses and projects given to local enterprises and SMEs. Several themes were covered at the seminars, including the main issues and obstacles that businesses experience while implementing the ICV policy and the unified operating model, as well as how to turn them into opportunities. The ICV team extends its efforts to conduct these workshops for group companies within the agreed-upon program and timeframe.

Commenting on organizing ICV workshops, Saleh Al Salmani, Senior Manager of Group Financial Service and Procurement, said: “We remain committed to adopting the ICV policy and its standards in Nama Holding, and the team is diligently working to implement the operating model of the group that was issued by the Oman Investment Authority effectively. Through organizing these workshops, we aim to evaluate the ICV’s performance and measure the current indicators of the implementation of the unified operating model by the group companies. This step will certainly create a paradigm shift in successfully adopting ICV initiatives and projects by the group companies, thus contributing to enhancing the vital role of the sector in supporting the national economy.”

“To further enhance synergies and purchasing operations among the group companies and associated institutions with the Oman Investment Authority, we have formed a full team from each group company that is specialized in defining business opportunities available to be allocated to the local SMEs and companies,” he added.

Positioning itself as a key player in stimulating the national economy, Nama Group is planning to schedule meetings with local SMEs, vendors, and suppliers during the last quarter of this year, to present and discuss potential projects and business opportunities. Nama Group has been at the forefront of adopting the strategic ICV framework in its core operations, and it is constantly working on maximizing local procurements.