OIA discusses strategy in managing its National Development portfolio

OIA discusses strategy in managing its National Development portfolio

Muscat: In continuation of its governance efforts to enhance the general performance of its companies and achieve better alignment and integration, Oman Investment Authority (OIA) organised the Rawabet fifth forum. The forum began with an overview presentation discussing OIA's strategy in managing its National Development portfolio, which is built on eight main strategic priorities, which include: Financial sustainability, selective growth, contribution to the GDP, attracting private investors, divestment, In-country Value (ICV), synergies and implementation of the governance framework. Then CEOs of OIA companies took turns presenting their companies' strategies. The forum featured presentations from 12 OIA companies, including Omran Group, Oman Air, Oman Airports, Asyad Group, Oman Food Investment Holding Company (OFIC), Fisheries Development Oman (FDO), OQ, Mining Development Oman (MDO), Oman Environmental Services Holding Company (be'ah), Namaa Group, and Oman Liquefied Natural Gas (Oman LNG). The event also featured Q&A sessions to encourage engagement and discussions among participants. Rawabet's strategic pillar, the key topic of the forum, targets the alignment of OIA Companies' plans with OIA's strategies and Oman Vision 2040. The objective is to achieve financial and operational sustainability while stimulating and enabling sectors outlined in Oman Vision 2040. The strategic framework also targets to enhance diversification when