Oman Investment Authority recognises corporate excellence in inaugural awards 

Oman Investment Authority recognises corporate excellence in inaugural awards 

Oman Investment Authority (OIA) announced the winners of the inaugural edition of the Oman Investment Authority Award for ExcellenceMuscat – Oman Investment Authority (OIA) announced the winners of the inaugural edition of ‘award for excellence’ on Wednesday. 

The Oman Investment Authority Award for Excellence ceremony, held on the sidelines of the eighth Rawabet Forum, was graced by the patronage of Sheikh al Fadl bin Mohammed al Harthy, Secretary-General of the Council of Ministers.

OQ Group clinched the award in the ‘Growth and Job Creation’ category, having demonstrated a high compound annual growth rate from 2021 to 2023. The group also led in export revenue growth and made notable contributions to the employment and training of Omani nationals.

The ‘Partnerships for a Sustainable Future’ category was awarded to the Asyad Group, recognised for its substantial private sector involvement in capital expenditures. Additionally, Asyad has been instrumental in attracting foreign investments worth over RO600mn during the same period.

Fisheries Development Oman was honoured in the ‘Internal Added Value and Development of Small and Medium Enterprises’ category. 

The company has been chosen for its distinguished high percentage of expenditure on SMEs and extensive involvement in research, development, and innovation projects.

ITHCA Group received the award in the ‘Compliance with