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.
Oman Cables Industry has always been at the forefront of the implementation of In-Country Value (ICV) into the Sultanate of Oman since 1984. OCI has actively and successfully encompassed the main objectives and key considerations of ICV which was visional for Oman by the His Majesty Sultan Qaboos and the leading driver of the Oil and Gas Sector.
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:
– 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.
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.
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:
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.
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)
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.
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 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