Our Commitment to the Sultanate of Oman
In-Country Value (ICV) is an ambitious plan embarked by the Government of the Sultanate of Oman to boost the oil and gas industry’s contribution in the socio-economic development of the Sultanate of Oman.
In Country Value
In-Country Value (ICV) is an ambitious plan embarked by the Government of the Sultanate of Oman to boost the oil and gas industry’s contribution in the socio-economic development of the Sultanate of Oman.
ICV is defined as the total spend retained in country that benefits business development, contributes to human capability development and stimulates productivity in Oman’s economy. Through implementation of ICV, the aim is to induce economic growth and contribute to sustainable development through promoting human resource development and building/enhancing local capabilities by increased local sourcing of goods and services.
For more details on OCI's ICV initiatives, Please Contact:
Our National Youth
Development Program
- THYMAR
Omanization and National Training Development for ICV
As the pioneer of the non-oil industry within Oman, OCI has
Omanis working across its entire facilities ranging from:
– Shareholders,
– Board members,
– General Managers/ Production (managing the entire
factory/plant operations)/ Engineers/ Administrative/ Factory and Plant Operators.
OCI focuses on knowledge growth and has a dedicated Training and Development Programmes to maintain and retain OCI’s human talent, most especially local Omani talent.
The Public Authority for Privatisation & Partnership (PAPP)
The Public Authority for Privatization & Partnership (PAPP), was established on the 1st of July 2019. PAPP is an independent government unit reporting to the cabinet of ministers. PAPP’s responsibilities are implementing the Tawazun Oman Programme (Partnership for development Previously), implementing the Privatisation Law, and implementing the Public-Private Partnership Law. With the objectives of encouraging the partnership between the public and private sectors, contribute to the development of the national economy, enhancement of the local added value and the diversification of the sources of income, contribute to the capacity building of the citizens, and increasing their employment opportunities, and contribute to increasing the market and competitive strength, and the development of the capital market.
Oman Cables Industry has partnered with PAPP & NAMA Group for National Youth Development Program that focus on developing employ-ability of Omani Youth which prioritizes on equipping young people with training and strategic opportunity
National development through ‘Succession Planning’
As well as increasing the Omanization potential through employing more Omani’s for new positions, OCI has implemented the “SUCCESSION PLAN” for all positions currently.
Internship Programs
Education Assistance for Post and Professional Degrees
E-Learning Programs through Tatweer/Tanweer
Internal Training from External Training Institutions
OCI and its regional offices in the GCC In Country Value impact:
As well as increasing the Omanization potential through employing more Omani’s for new positions, OCI has implemented the “SUCCESSION PLAN” for all positions currently.
Public Company: International and Local Investors
Local content: RO 111 million Total GCC spent
Tax Value: RO 2.1 million
Exports: RO 115.6 million
Jobs: Omanization 43% and growing
Investment in Fixed: Assets: RO 48.7 million
Global Position: Ranked within the top 50 International Cable Manufacturers
Capital Invested
MAXIMIZE OCI’S LOCAL INVESTMENT
OCI has the number 1 cables manufacturer in the world as a partner.
OCI continues to invest in fixed assets.
Procurement
MAXIMIZE OCI’S PROCUREMENT OF LOCAL GOODS AND SERVICES
OCI maximizes its local sourcing of goods and subcontracted services.
OCI strives in the development of national suppliers (SME)
Human Resources
OCI IDENTIFIES, RECRUITS, TRAINS AND DEVELOPS OMANI NATIONALS IN THEIR WORKFORCE
OCI has maximized the development of training of Omani’s through external study support/internal training and e-learning.
Local Development
OCI MAXIMIZES ITS IMPACT ON THE LOCAL COMMUNITY THROUGH A WIDE RANGE OF POSITIVE ACTIONS AND INFLUENCES
OCI contributes in Ministry initiatives.
OCI introduces international standards & technology.
OCI's Customer
OCI ALWAYS AIMS TO ADD MORE VALUE ADDED SERVICES
Listens to what the customer wants.
Environmentally friendly with increased Social Support.
Maximize life cycle cost through product
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