Marafiq Surpasses $100 Million in Country Value (ICV) Contribution

Marafiq Surpasses $100 Million in Country Value (ICV) Contribution

Marafiq, a joint venture owned by OQ - a subsidiary of Oman Investment Authority, shared its substantial impact to the local economy (ICV) through a series of managed projects within the Special Economic Zone at Duqm (SEZAD). Eng. Abdullah Mohammed al Hashimi, the Managing Director of the Company, highlighted in his visual presentation that as of the conclusion of 2023,

Marafiq's direct contribution to the local economy (ICV) exceeded US $100 million. Emphasizing the Company's ongoing efforts, he stated that Marafiq is consistently striving to enhance its value add to ICV by actively sourcing for Omani products, awarding numerous contracts to local businesses, and prioritizing small and medium enterprises (SME,s) in its tender processes.

The presentation was attended by H.E. Dr. Mansour bin Talib Al Hinai, Chairman of the Authority for Public Services Regulation (APSR), H.E. Halima bint Rashid Al Zari, Chairperson of SMEs Development Authority, H.E. Engineer Bader bin Salim bin Marhoon Al Mamari, Secretary General of the Tender Board. The attendees toured the projects undertaken by the Company within the (SEZAD) to gain insights into Marafiq's role in fostering entrepreneurial initiatives, backing small and medium-sized enterprises, and delivering highly efficient services in the areasof electricity generation and desalinated water supply,