Muscat: The Oman Investment Authority (OIA) announced on Wednesday the introduction of a "Social Investment Policy" for its subsidiaries and the launch of a new platform called "Qimam" to address queries related to local added value.
In addition, the OIA unveiled the second version of a comprehensive list comprising 251 mandatory products and services that will be provided by its subsidiaries.
The "Social Investment Policy" aims to achieve several objectives, including ensuring that social investment projects and plans are in line with the priorities of Oman Vision 2040 and cater to the needs of the local community. It also seeks to establish a framework for social investment within OIA-affiliated companies, define the approaches for social welfare projects, regulate governance and assign tasks and responsibilities to relevant parties.
Furthermore, the policy aims to outline procedures and mechanisms for budget allocation based on the company's priorities and financial position. It also aims to strike a balance between social investment projects and contributions from related sectors and beneficiaries, while fostering collaboration among OIA companies.
Prompt 1: Rewrite the text in a different way.
The OIA has introduced the Qimam digital platform to handle various queries related to small and medium enterprises (SMEs), research and development, innovation programs, and the mandatory list of products and services. This platform aims to enhance communication between the OIA and its subsidiaries regarding in-country value (ICV), study proposals, challenges faced by SMEs, and facilitate interaction between researchers, innovators, and OIA affiliate firms. It also enables easy contact with local companies to review and update the list of mandatory items.
Under the "Social Investment Policy," the OIA has signed cooperation agreements worth OMR6 million with SMEs.
Furthermore, the OQ Group has launched a business accelerator program called "OQ-X" and has partnered with the Ministry of Health to establish an accidents and emergency building in the Wilayat of Duqm.
In a similar vein, Asyad Group and Omantel have signed an agreement to develop a business accelerator in the logistics sector.
Asyad has also entered into three contracts with SMEs holding the Entrepreneurship Card, while Oman Airports Company has signed six agreements with other SMEs in the field of supply and ground services related to airports.
