Oman has launched a ‘Local Content Office’ to strengthen its economy by promoting domestic business participation. The government aims to increase the role of Omani goods, services, and workers in various sectors, especially in major projects and government contracts. This initiative seeks to reduce reliance on imports, support small and medium-sized enterprises (SMEs), and create more jobs for Omani citizens.
The ‘Local Content Office’ will collaborate with government ministries, private companies, and international investors. Its goal is to ensure businesses meet local content requirements by sourcing more materials and services within Oman. This effort will boost local industries and enhance the competitiveness of Omani products and services.
Moreover, The Omani government stresses local content as vital for sustainable economic growth. However, Establishing the ‘Local Content Office’ aligns with Oman Vision 2040, which aims to diversify the economy, reduce oil dependency, and encourage innovation and entrepreneurship.
In addition to supporting businesses, the office will focus on building the skills of the Omani workforce. It plans to develop training programs and partnerships with educational institutions. This approach ensures that Omani workers are prepared to meet market demands.
Moreover, Industry leaders and experts welcome the ‘Local Content Office’ as a positive step toward economic resilience. They believe it will help Oman navigate global economic challenges and secure long-term prosperity.
As the office begins operations, it will encourage collaboration between the government and the private sector. This partnership is expected to pave the way for more inclusive economic growth. The initiative’s success will be closely watched as Oman continues its efforts to diversify the economy.
