IN- COUNTRY VALUE (ICV) :
ICV initiatives have brought a great change in the local economy through the enhancement of human skills and of the capabilities of human resources and the potentialities of SMEs and the ICV strategy opens opportunities to the new entrepreneurs from the local community to come up with self-employment and encourages local entrepreneurs. ICV is the total spend retained in-country that can benefit business development, contribute to human capability and stimulate productivity in the Omani economy. In short, products made and services provided by skilled Omanis.
COMPONENTS OF ICV:
ICV mainly focuses on 4 elements. They are as follows:
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- Capital Investment
- Procurement
- Human Resource
- Local Development
OBJECTIVES OF ICV:
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- To maximize local investments
- To maximize local procurements of goods and services with quality and price compliance constraints
- To identify, recruit, train and develop local talents
- To maximize the impact of local communities through a wide range of actions
ICV BACKS SMALL AND MEDIUM ENTERPRISES (SMEs):
SMEs are considered as the backbone of any nation and SMEs in Oman are working in various sectors of Oman, striving within the nation and crossing the boundaries. These local companies are coming up with innovative entrepreneurial concepts adding value to the national economy of Oman, and thus every company is likely to look for such made in Oman goods and services.
Our In-Country Value programs will promote the development of Small Medium Enterprises(SMEs), among other objectives. Our ultimate goal is to help to create jobs, develop skills and encourage local suppliers for the overall development of local economy.
